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Post# of 704041
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Ace Hanlon

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Ace Hanlon

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Re: Public Heel post# 81814

Sunday, 03/02/2003 8:34:08 AM

Sunday, March 02, 2003 8:34:08 AM

Post# of 704041
Only creit card debt carries rates in the teens. Mortgage rates are at or near all time lows. As are rates on home equity loans.

My take is that one of the FUNDAMENTAL forces behind the bear is that the market recognizes that the US economy can only be kept afloat by keeping rates so low as to risk a total crash of the dollar at some point.


“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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