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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (13942)	5/12/2002 12:29:16 AM
From: ubetcha	Read Replies (1) \| Respond to of 81461

Searle, "Anyway, if the prices fall and the debt can't be repaid there will be a catastrophe as the banks collapse." I think that we are dangerously close to this scenario. I hope that I am wrong, but there are many Companies out there that have a debt that cannot be paid. True of individuals also. WorldComm is ready to go. Moody's is in the mood to lower many more bonds that Companies have issued in the go go days to junk status. Even the largest Company in our industry is getting ready to fall. We currently have interest rates as low as we dare go. We currently cannot raise them. I still see another reduction in rates before the thought of up is even considered. I for one hope that all the fingers can keep the dam plugged. I would rather see inflation than deflation for this economy, but it does need wrung out. Hope you are right Searle! Terry