Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ChanceIs who wrote (113572)	3/30/2008 4:05:35 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

RE: Foreign Rates Lets take a little tally here (from memory): 1) Iceland raised to 15% (maybe more) 2) China raising - for about six months now, 3) India raising, 4) Canada had been reluctant to raise despite inflation fears. Recently it cut slightly. My guess more in sympathy with the US than any internally felt need. 5) I think the Euros held steady. Perhaps indicated a rise. Regardless, the global on average has been to hold or raise. The US of course is in a slash mode. I attended an AEI conference last fall in which several panelists suggested that the only "way out" would be for all of the central banks to slowly cranks rates down together. IOW in a coordinated fashion, wipe out all of the world's debt through the inflation mechanism. That doesn't seem to be happening. Maybe the BRICs are telling the US that they have sufficiently strong internal economies that US trade while nice, is no longer a dire necessity. Welcome to the United States of America - proud sponsor of the global carry trade.