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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (10137)	11/1/2001 9:44:21 AM
From: kodiak_bull	Read Replies (2) \| Respond to of 23153

It's definitely a positive jolt, since it effectively pushes down long term rates. The Treasury is hoping to use this to stimulate the economy. The mortgage companies should do very well out of this, since it pushes refinancing. It makes house buying a little bit cheaper, so that would generally be good for the builders, but it's unclear whether that can make much of a dent for new, high end homes. The world is still uncertain, profits are down, jobs are being cut.