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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rmn who wrote (11427)	12/14/1997 8:20:00 PM
From: Robert H.	Respond to of 18056

Quite correct Ramsey. And if one were to look at the fallout from their superior attitudes related to their investment screw-ups, take a look at the Hawaiian Islands. These conquer the world jerks have left a trail of financial ruin in the Islands that is incomprehensible. Their government subsidized 2% borrowing has created a situation that will take a US bailout. Look for the FED to wake up everyone by lowering interest rates at the FOMC meeting. Bottom line is,...they are either going to have to unload some of their US debt, or twist our Fed into lowering the interest rate. This I believe is now in the works. This is the only action the US can take to stabilize this screwed up situation. The risk to our own economy at this juncture is minimal; as inflation is controllable. World wide deflation is not.