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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Andeveron who wrote (19804)9/2/1998 10:22:00 AM
From: gerard mangiardi  Read Replies (1) | Respond to of 50167
 
Your are right about rate cuts o the margin causing capital to leave the US. However in the current world climate some money needs to go elsewhere to help some of those struggling economies that have experienced a liquidity drain. BTW I think in order to send money out of the US we need a rate cut on the order of 200 basis points which won't happen.