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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (7110)	6/8/2004 7:14:17 PM
From: bill	Read Replies (1) \| Respond to of 11633

I agree and, yet, short term, many of the trusts are taking a beating even when they've got solid businesses and good recommendations. I find myself confused re interest rates and the US election. The US has been spending vast sums of money trying to have both guns and butter. Their debt is enormous. Every move up of the US interest rate, the cost of that debt soars. That means increasing debt or increasing taxes. I would think that a six percent interest rate would be crippling for the govt., much more so than $40.00 oil. The Saudis, for their part, have got to have money to support their nationals who are used to a life style that doesn't include a lot of work. Work is for foreigners. The rise in oil prices helped to stave off widespread social unrest. To drop back to $20.00 would play right into Bin Ladin's claim that the US is stealing Saudi oil. I, too, wonder what they're smoking. It's not as though the geo-political consequences can't be seen. And yet....