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


To: Jim Willie CB who wrote (9220)11/14/2002 5:17:03 AM
From: stockman_scott  Read Replies (1) | Respond to of 89467
 
Walking the Interest Rate Plank

By Steven Silver

gold-eagle.com

<<...The historically low interest rates also weaken the dollar internationally. With so little return available in dollars foreign governments and individuals are less likely to keep their capital in dollars. And with the enormous trade deficit currently being run up by the US new foreign investment is essential. The dollar is already unattractive. When foreign capital actually starts to leave the only way to get it back will be to raise interest rates...>>