Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1588)	10/20/2003 1:02:21 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Another Email to Steve Saville timesonline.co.uk What do you make of this in light of our discussion. 1) either it is a blatant lie 2) misdirection to aid some US banks in trouble 3) sheer stupidity 4) they fully expect to have to stop a panic plunge in the US $ I am not sure how to rate these possibilities But the more people that think interest rates WILL rise because of a booming economy the better I think I feel that it will not happen. The only question is to #4. Are the telling the truth but lieing about the reason? The truth is interest rates will rise but the reason is for other than the economy is booming and they know full well. ======================================================================================================= “I would stake my reputation on employment growth happening before Christmas. I'd bet dollars to doughnuts that we're going to see a pickup in jobs in the next few months.” Asked about the impact of such rapid growth on interest rates, Mr Snow said: “Interest rates are the price of capital. As profits increase, there is going to be a need for a capital-rationing process. “I'd be frustrated and concerned if there were not some upward movement (in rates).” He rejected the widely held view on Wall Street, that the Fed never raises interest rates before a presidential election. “It is amazing how you get this sort of mythology without any factual backing,” he said. ========================================================================= If they raise rates and then have to pull them back, all hell will break loose IMO. ==========================================================================================================