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To: Terry Rose who wrote (18986)	9/15/1998 10:45:00 PM
From: Zardoz	Respond to of 116768

Let's get serious here.... Are we talking US economy, or Caandian economy. They aren't the same. Far as I remeber {gee it just scrolled by my screen} the Canadain prime rate is at 7.5% which is 1% less than the US prime. So your point is? Even of 3 month LIBOR is lower: quotes.reuters.com Economic growth is more important than interest rates. Canada can afford a slowing down of economic growth, so they could raise to protect their currency. But I never said you could force stimulation by lower rates, you can only slow it down. Point being, that if you follow japan lesson, not lowering fast enough can cause a spiral slowdown. Now if US lowers rates, and growth takes off, rates can remain low, as the growth takes off. And growth has a direct correlation with PE's, not stocks with bonds?