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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (15263)7/19/2002 11:44:06 AM
From: Sharp_End_Of_Drill  Read Replies (1) | Respond to of 23153
 
KB, I agree the homeboys have to fall. No question about it, I think the bottom is about to drop out of the real estate market. The sheer number of people telling me it won't makes my conviction that much stronger.

But, I do think the fed cuts again. With the debt orgy we've been on, both public and private sector, we can't afford to pay our debts without serious inflation. The fed will make a big show of 'fighting inflation', while at the same time printing money faster than ever before and keeping rates low or lower. Follow the money, not the rhetoric.

Sure the weak dollar needs rates to increase to protect it, but I don't see that happening. Anybody who raises rates now will crash the stock market, make the economy worse than it already is, and commit very public political suicide. Just won't happen.

Sharp