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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: mt_mike who wrote (4494)	8/14/2002 11:51:23 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

a friend just signed on 15-yr 5-7/8% refi, $2k closecosts so we are on the verge of sub-6% now generally the pace of American transitions is scarey that pace can work toward movement into Hyper-Recession also the danger signal is widening Corp Bond spreads these lower rates dont do JackShit for corporations they are certainly free to swap contracts for FedFund 1.75% akin to a homeowner taking on Adjustables, with inherent risk thanks on exchange with Philp, very bright guy I couldnt resist challenging him on Austrian Econ debate we really didnt scratch the surface on Austrian issues he clearly harbors more hope than pillars I fervently expect the Austrian School to become prominently displayed their views are being validated by the month sad to see the fate of so many tech types operating with a ball & chain from the wrecked financial world imagine you had a revolutionary tech idea now, ugh really glad you drop a comment now and again from the banker world excellent contributions (dont take that as paternalistic) I see the pace toward a Japanized USA coming but it will never happen, because of our dollar exposure / jim