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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (20815)7/6/2002 6:59:54 AM
From: TobagoJack  Read Replies (4) | Respond to of 74559
 
Hi DJ, Get ready for long sentence:0)

In Greensputin’s world, FED discount interest rate is hardly ever adjusted upward by the FED, and given banks’ diminishing importance in funneling money into the economy recently, and the likely long term tepid state of the global economy, I would imagine that when interest rate do turn the corner and go up, it would be because bond investors demand it of profit-starved and bad-risk companies such as Cisco and if-ish countries such as Argentina and Zimbabwe, and all the alphabets in between, operating in an inflationary monetary environ, and not because of any heating of economy due to real productive activity, for a long time.

Otherwise, bleak world for wannabe retirees and savers, leading to collapse of empires and such.

Chugs, Jay