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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (60454)10/18/2002 10:58:14 AM
From: Oeconomicus  Respond to of 94695
 
I was just being koi. ;-)

Seriously, we are not Japan. They were already used to very low yields on savings and were still big savers, rather than borrower-spenders, so low rates stimulated nothing. Low rates here, OTOH, created a refi boom and the result is increased discretionary spending capacity that will be reflected in coming months and years.

JMO,
Bob


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