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

To: patron_anejo_por_favor who wrote (17789)	2/24/2004 6:09:00 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<He's public enemy #1 in my book..... >> I wouldn't go quite that far....believe he's steered the country and our economy through a very weird and dangerous time. But he seems to be reaching into areas where he's never been before....such as rendering blanket advice to mortgage holders. That's where I tend to draw the line, yet I kinda understand why he might be doing that. He probably needs to do all he can to keep from shaking up the consumer, because consumer spending is important to the economy in many ways and probably saved us all during the past few years. What worries me is that he appears to see a need to keep on reassuring the consumer by recommending they get the lowest possible mortgage rate and keep their disposable income flowing. All I can think of what's coming ahead is......higher interest rates....and I think he knows this eventuality will rock not only the stock market but consumers, as well. We probably need higher interest rates to boost savings rates among consumers and retirees, but the medicine of higher rates will be bitter. Meanwhile, those CD rates at my local banks keep going up the past few weeks....Something's going on, and I suspect the banks are trying to lock in deposits now in anticipation of having to pay even higher rates later. My opinion only.