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

To: Mike M2 who wrote (8863)	11/6/2002 11:48:41 AM
From: Jim Willie CB	Respond to of 89467

lower rates slow the economy down, not what media claims you are right, complaints coming my parents never gambled their entire lives they are in their 80's, managing a large mass of CD's they are pissed off at the low yield returns 2001: interest costs = $600B 2001: interest income = $1100B (twice as large) lower rates slow spending lower rates beget even lower rates later that is how Japan got to 0% and a dead economy but in the USA, we have a higher floor way above zero which will be felt soon with some massive volatility fireworks because our foreign held Trez debt is 45% ($2500B) because our trade gap is over 5% of GDP foreigners will tell us where the bottom in rates is by means of the USdollar domestically, we will hear where the bottom in rates is by means of the MortgBacked Securities and FannyMae30 / jim