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

To: elmatador who wrote (22016)	8/2/2002 8:32:03 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Agree that the old lady probably will not spend $500K USD in her lifetime. I agree she probably worked very hard all her life and saved most, if not all of it. Hard for me to wrap my mind around forex shifts. Seems to my poor brain that 5.27% in US dollars would be even better now that the dollar is down, and heading lower. If the Fed cuts interest rates, she may not see that rate of return in her lifetime. I am contemplating, blissfully, 5.5% mortgage rates, even 5%, maybe even 4.5%. War with Iraq would mess all that up, though. I wonder why such a hard-working savvy woman isn't buying gold?;^)