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

To: Enam Luf who wrote (640346)	10/7/2004 11:02:37 PM
From: DuckTapeSunroof	Respond to of 769670

"Long term bond rates do not impact consumer spending in the same way." True. But the yield curve MATTERS. "Our dependence on foreign purchase of debt is a problem, however, where else are they going to go for a decent rate of return?" <G> Yeah, but I doubt they'll put up with losing double digits annually for long (after their US dollar-denominated yields are converted back to their native currencies), as they have for the last 2 or 3 years.... "I do think we will stagnate for a while, but the U.S. is far better at reinventing the system than Japan." Yep. Demographically we are not nearly so 'top-heavy' with older age cohorts. "The derivites market scares the sh*t out of me, it could turn into a huge LTCM." WHOLE 'nother can o' worms, there.