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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (159510)	3/23/2005 9:14:08 PM
From: Keith Feral	Read Replies (2) \| Respond to of 281500

7 consecutive increases with no sign of inflation other than higher oil prices. Why keep the whole bond market on hold for 9 months? I think his gamesmanship is a real problem for people in the real world because they have no excess income. They are paying higher mrtgage rates at the same time they are paying higher gasoline prices. It is a conundrum for anyone to figure out why he keeps interfering with the free market exchange rates for the dollar. If the debt is such a problem, a higher dollar is going to perpetuate the problem. We need to make our exports cheaper, not more expensive to foreign buyers. I think the only reason he is jacking up rates is to keep oil reserves denominated in US dollars. The downside is that interest rates on mortgages are up 50%. My interest only portion of my mortgage is up $700 in the past 9 months. That far and away exceeds my concern about paying an extra $10 a week to fill up the gas tank.