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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (6929)	12/20/2001 1:41:59 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 23786

The fed is fighting the last "war"... By reducing rates, they believe they can stimulate borrowing that will goose the economy and reduce the cost of previous purchases made by borrowed money.... what I'm seeing on the consumer level is simply doing the re-fi to pay off past debt OR simply reduce the cost of living by having lower mortgage payments. Japan is accepted as the country of the most serious "savers" on the planet....that despite the 0 interest rate policy....Demographics DEMAND that they save......in SPITE of little or no return on their money.... IMO, we are coming up on that demographic....and it really doesn't matter what the "rate of return" is....people will save as they see a need for future sustenance. And in doing so they will forego purchasing today.