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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (17706)	11/14/2002 1:56:49 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 23153

KB, sounds reasonable to me. Also fits in well with Nspolar's take - which has been very accurate lately. Lower oil through the peace dividend, and the rate cut, may just be enough to carry us through another quarter. I still think if the powers that be buy enough time, eventually we'll get out of this economic mess through the natural course of events. Stoking inflation through more rate cuts, lowering bank lending capital requirements, and printing more money won't hurt either. The bank lending capital requirements are THE magic bullet left in Al's sixshooter. Lowering them would be perceived as very negative by most people as it would mean the government would have to defacto back the inevitable defaults, thereby relieving the banks of their bad debt headaches. We're already seeing the Government give the banks a shot in the arm through the rate cuts. They can borrow money at very low percentage rates and turn around and buy treasuries yielding twice as much. Free money from the Government - now if they could just get them to lend again to creditworthy companies (there are some of those left aren't there???). I say bring on the inflation, pass the butter, and load up yer guns. Sharp