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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (482780)10/28/2003 4:11:01 PM
From: DuckTapeSunroof  Respond to of 769670
 
The groundwork will be laid next year ($1/2 Trillion federal deficit... record trade deficit... tidal wave of Fed-engineered liquidity washing through the system) for the markets to begin pushing long rates upwards... and ultimately the Fed having to respond.

I predict they will not tighten in a major way until after the elections though. By year-end 2004, certainly by 1st. Q of '05, interest rates will be in full 'ascent mode'.

Don't look for a stock rally in the face of soaring interest rates in '05.