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To: sammaster who wrote (137651)	12/7/2001 2:50:37 PM
From: rolatzi	Respond to of 436258

Higher interest rates shuts down the recovery. This closes down the real estate and housing markets. Housing has been the sector that supported the weakening economy. What will take its place? The people need more cash. They need to take equity out of their homes to pay off their revolving loans. Without lower long term rates this all ends. Lower short term rates next week will only further raise the long end. Either long term rates come back down or the economy remains in recession. JMHO