nazb

The Race to Zero Interest Rates

No need to give the euro a hard time
at the moment two cents is 0.01 euro which is 100 times less that a euro


On Nov 27 11:37 AM Asbytec wrote:

> Thank you for your comment, puddytat (LOL...nice nic, BTW. Gave me
> a chuckle...)
>
> "DO NOT push down rates in the hope this will stimulate people to
> get into MORE DEBT."
>
> Unfortunately, that's the problem. Debt is money and money is debt.
> I suspect you mean excessive money/debt. I'd agree. Our debt to GDP
> is scary, and probably means collapse. It's impossible to actually
> repay the immense consumer debt. The system must default.
>
> In this case, reducing interest rates just prolongs the inevitable.
> A soft landing is the best possible outcome, in my view. But, the
> markets will have to correct, either now in Bush's waning months
> or on Obama's watch. At the least, I hope Obama works to maintain
> what little wealth we still have.
>
> By the way, for those who argue with Kathy on her dollar outlook,
> one should realize she actually crunches the numbers. Many of the
> rest of us form opinions based on our economic knowledge and from
> market performers like Mr. Buffet and Mr. Rogers. Nothing wrong with
> that, surely. Just, one should listen to the data, too, as Kathy
> does.
>
> My two cents or one euro's worth, whichever...