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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (20181)	12/15/2002 5:07:45 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 30712

It's too complicated to explain , and also to confused to understand ( because history gets re-writen as fast as they can do the re-writes ) -------- To keep it simple, For the most part the interest on the National Dept is not tied to the current LOW Fed rates..it's tied to what they have to sell to at the time they float the debt, like most of the debt we have today is tied to old 30 yr bond rates. The new debt we are creating now is tied more to 10yr rates. And while Tax cuts look good, not a lot of people are willing to lend us the Money at the new rates Ie- we are going to get back into old "read my lips" lets shut down the Government panic. Gaud how short memoroies are. Jim Inflate, inflate, perchance to dream what dreams we fly off unto we know not of.