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Ray -
EXACTLY....
but that solution
is SHORT TERM.....the more pressing, long-term problem is BUSINESS
SPENDING....
the consumer is
getting tired of propping this economy up...
if real estate
starts to falter due to a rise in interest rates, LOOK OUT
BELOW.....
<FONT color=#0000ff
size=2>
The government
has regulated the banks to death to the point that there is no competition in
commercial banking anymore.....
BIG barriers to
entry, every bank using the same credit scoring system, every bank has similar
credit committees, every bank acts the same....
thus, NO BANK IS
LENDING.
The government
needs to start COMPETING WITH THE BANK MONOPOLY THEY CREATED and begin
offering cheap, low interest loans to reasonably qualified business
borrowers.
Banks then may
get the hint that they now have some competition.
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid">
<FONT face=Tahoma
size=2>-----Original Message-----From: Ray Raffurty
[mailto:r.raffurty@xxxxxxxx]Sent: Friday, August 02, 2002 5:06
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Here's another good one: Bush's new ideas...
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
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- 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
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