To: IceShark who wrote (41912 ) 5/20/1999 3:41:00 PM From: Bonnie Bear Read Replies (1) | Respond to
Ice: my .02...we have a runaway derivatives market, the G7 will go bankrupt if they raise rates to fix it. So they fix the price of gold and a few commodities and ignore energy costs, and simply ratchet down the definition of poverty so the poor become poorer. See, the game is that with the increase in the market index, people will feel richer. They won't notice that in fact their taxes are being increased and salaries lowered, this is done in a way that makes joe sixpack feel good about it. The return on bond investments is being transferred from the government to the mortgage market, I think we'll see mortgage interest rates stay up while the treasuries drift down. The resale price of my house has gone up with the nasdaq, we have screaming inflation and the feds choose to ignore it.
