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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (11139)12/9/1997 7:43:00 AM
From: robnhood  Respond to of 94695
 
I2,, ,US controls interest rates>I don't know much about this , but from what I've heard , the markets are theoretically too big to control,,,the hot money is capable of moving to fast if it smells something..
rr



To: Investor2 who wrote (11139)12/9/1997 3:34:00 PM
From: Lazarus_Long  Respond to of 94695
 
<< Are you saying that the US govt. doesn't control interest rates now? >>

Hmmm, good point. It has a large influence over them via the Fed, but less than pre-1950s when it actually dictated rates banks could pay savers. Also, usury laws at the state level were almost universal then. These controlled the interest rates lenders could charge.