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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (15189)	11/18/2003 10:13:21 PM
From: broadstbull	Respond to of 306849

Hooterville! LMAO

To: Elroy Jetson who wrote (15189)	11/19/2003 7:58:30 AM
From: biometricgngboy	Read Replies (1) \| Respond to of 306849

Robert Rubin On Surviving The 1990s Robert Lenzner, 11.18.03, 9:23 AM ET forbes.com excerpt: "Looking forward, readers should take Rubin's prognostications of future crises to heart. He views the trauma triggered by the terrorist attack of September 11, 2001 as a "warning about how little it would take to create immense financial and economic disruption in this country." He predicts that a crisis will eventually result from the enormous federal budget deficits and lack of fiscal discipline that are part and parcel of the Bush economic policy. Deficit reduction in the 1990s, Rubin feels, was the "threshold act" that triggered "the sustained, robust recovery of the 1990s." Today, though, Rubin is quite certain that eventually the huge deficit will push up interest rates on 10-year Treasuries from the current 4.5% to 7.3%. Jot down his arithmetic rule for future use: For every rise in the deficit equal to 1% of gross domestic product, figure that long term interest rates will rise by 0.4%. There will be more crises coming from unexpected directions as well, Rubin believes, because support for market-based policies and trade liberalization are waning."