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Re: Gandolf3 post# 73328

Saturday, 12/01/2007 10:22:15 AM

Saturday, December 01, 2007 10:22:15 AM

Post# of 82595
Excuse me, but all the experts I've seen and read in interviews lately, have said that money is extremely tight recently. Even the "bread and butter" commercial paper has all but dried up. Bond rates lower than the Fed overnight rate, who would want to lend at a loss? With enough Fed reduction of the rate, then the money will flow again. That, and wrapping up all this subprime danger (including stopping the ARM interest rate increases, at least temporarily,) that's what all the talk is about, all over the financial media/press now. There's absolutely no reason to give up now. Talk about a light at the end of the tunnel; take off the sunglasses, and you may see what I'm talking about. smile