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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: Ace Hanlon post# 231778

Thursday, 04/15/2004 8:12:04 PM

Thursday, April 15, 2004 8:12:04 PM

Post# of 704041
Eventually, yes, and that is one of many reasons that they have a broad top in the summer and early autumn, but the first move up in rate just causes minor tremors that settle rapidly. After all the rate simply indicates that the bond market fears pressure on manufacturing capacity and thus on rates. Pricing power is good for bottom lines...

AZH

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