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Excellent point. There is now talk of a 0.75
point rate cut by the end of the year. This would in all
likelihood trigger a new round of refinancing. If consumers spend
this money it would have a stimulating effect on the economy. However,
consumers may be getting cautious and use the money to pay off debt and increase
savings (not investing but risk free savings). The Japanese
syndrome.
Good luck and good trading,
Ray Raffurty
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=bruce.larson@xxxxxxxxxxxxx
href="mailto:bruce.larson@xxxxxxxxxxxxx";>bondo92677
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, August 02, 2002 4:33
PM
Subject: Re: [RT] Here's another good
one: Bush's new ideas...
The only way to rescue the economy at this point is to let
it play out cold turkey and start with a clean slate. Artificially
low rates, tax cuts and gov't spending will only allow the unproductive
to survive and extend the suffering. Did zero percent interest rates
and massive gov't spending do any good in Japan?The best way to
restore confidence is to start putting the corporate crooks in jail.
Low rates will only create a debt bubble which is far worse than a stock
market bubble. We can do without a stock market but we cannot do
without a debt market.--- In realtraders@xxxx, "charles
meyer" <chmeyer@xxxx> wrote:> Scapegoat time. Interesting
how this parallels Hoover's ramblings about> business during his
administration.....> > Will we see massive cuts in any type of
government spending?> Will we see massive tax cuts?> >
These two prerequisites would be necessary to rescue any faltering
economy> but we all know those two ideas will never happen.>
> No politician of ANY ilk have either the principles or the backbone
to do> what is necessary to save a teetering economy.>
> chas> > ----- Original Message -----> From: Jim
Johnson <jejohn@xxxx>> To: M. Simms
<realtraders@xxxx>> Sent: Friday, August 02, 2002 1:55 PM>
Subject: Re: [RT] Here's another good one: Bush's new ideas...>
> > > Hello M.,> >> > Last night a news
announcer mentioned that the dow was down x points> > "in spite
of the fact that more executives were lead away in> >
handcuffs." Obviously we have a new technical indicator here.
And> > all we need to do is cuff enuf execs and the market
will rally. Cuff> > the Congress in mass, the market will
take off. Cuff all the news> > anchors and it will be
euphoria.> >> >> > Best regards,>
> Jim
Johnson
mailto:jejohn@xxxx> >> > --> > Friday, August 2,
2002, 2:38:34 PM, you wrote:> >> > MS> since he met
with his "economic advisors" yesterday (Laurel and>
Hardy)....> > MS> here is his next move:> >>
> MS> Handcuff bank executives and loan officers if they are found
to be lax> in> > MS> making bank loans to
corporations.> >> > MS> If that doesn't work, then
he'll send special forces to the CME and> arrest> >
MS> all traders shorting the S&P or Nasdaq 100 futures.>
>> > MS> Soon, everyone will be in jail....NO MORE ECONOMIC
PROBLEMS....> > MS> as the economy will be eliminated
!!!> >> >> >> >> > MS> To
unsubscribe from this group, send an email to:> > MS>
realtraders-unsubscribe@xxxx> >> >> >>
> MS> Your use of Yahoo! Groups is subject to> <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
>> >> >> > To unsubscribe from this group,
send an email to:> > realtraders-unsubscribe@xxxx>
>> >> >> > Your use of Yahoo! Groups is
subject to <A
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>> >> >To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
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