Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (4197)	7/3/2002 12:49:22 PM
From: Baldur Fjvlnisson	Read Replies (2) \| Respond to of 5185

Mephisto, Greenspan will be forced to raise rates to prop up the Dollar sooner or later or the Market will do it for him. But that will be like pouring gasoline on fire. Big corporations have swapped their debt mountains into short term rates so rate hikes will seriously cut into their earnings. With the obvious results. And of course higher interest rates is about the last thing this debt ridden mess, households and all needs. Imagine the effect on the housing market. Scary. About the weirdest part of this whole shell game of a system is how it "insures" its own debt Everest through derivatives. Turning sub-prime consumer debt into prime paper and dumping it on the next pension fund used to be easy, don't know how it is now. Happy I.D., BF