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To: marginmike who wrote (202728)11/6/2002 2:26:18 PM
From: reaper  Respond to of 436258
 
what ramifications?? farking old people (who don't buy anything anyway) won't have any interest income.

on the plus side, now i can borrow in the repo market at 130 bps and lend to a sub-prime borrower at 1000 bps and print money til the cows come home (just ask Apex Mortgage, for example <g>)

Cheers



To: marginmike who wrote (202728)11/6/2002 2:26:38 PM
From: oldirtybastard  Read Replies (4) | Respond to of 436258
 
wayne angel just said that "monetary policy ALWAYS works" LOL what a stump