"Interest Rates Are Going To Skyrocket Tomorrow If Kerry Wins"

[matcom]

that is what a coworker just said to me in the elevator. :eyes:

*bangs head on desk*
*bangs head on desk*
*bangs head on desk*
*bangs head on desk*
*bangs head on desk*
*bangs head on desk*

[troublemaker]

1. Because of expectations of ECONOMIC GROWTH perhaps?

[genius]

16. The rates will go down under Kerry. We'll be doing great.

[March of Time]

2. Don't discount these fear tactics...

They worked on Aussies. :mad:

[demnan]

3. The Fed has been holding the rates down

because they wanted Bush to win. One thing I'd like to see as that old fart Greenspan get fired.

[Pirate Smile]

4. Show him/her the yahoo article on the price of oil dropping because

speculators are now expecting a Kerry win.

[rogerashton]

5. They may, but only for a few days,

because your co-worker's expectations, shared by many bond traders, can be self-fulfilling prophesies.

If so, BUY BONDS. They will be cheap and you will make out like a speculator.

Which is what you will be.

[Ganja Ninja]

6. Interest rates will go up next year.

Bush's spending has already seen to that. That coupled with the fact the Greenspan won't need to prop up the un-elected fraud and I would be surprised if they didn't go up.

I'd like to see Kerry fire Greenspan and put Clinton in his place.

[SammyWinstonJack]

7. Is Alan Greenspan still around?

[no_hypocrisy]

8. When they go up next year (regardless of whether * steals another

election), it's a sign of economic progress and it's a good thing in an overall way, not necessarily for consumers and homebuyers. It means that the housing market will no longer be carrying the economy and that other markets are ripe for investment.

I can see * with his optimism, or whatever his stupor is, proclaiming how rising interest rates are a good thing and his supporters will fall into line and agree with him because * is never wrong in their eyes. They'll just gnash their teeth if Kerry is on watch when it happens.

[Tactical Progressive]

9. Greenspan??

Greenspan raised interest rates throughout election year 2000 to try to strangle the Clinton economy in an unprecedented series of hikes. He continued to do this after the stock market had already stumbled and leveled off. It was wholly politically motivated. Greenspan is a hard-right-wing libertarian whose corruption was as great as those right-wingers on the Supreme Court who decided the 2000 election.

As soon as Bush was appointed Greenspan held emergency Fed meeting after emergency Fed meeting to drop interest rates in an equally unprecedented series of interest rate reductions to get to where we are today. The Fed moves were blatant; turning on a dime the instant BushCo assumed control.

He has held rates down to benefit a right-wing administration. If Bush is elected they will go up. Don't waste a second of your time wondering what will happen if Kerry is elected.

Greenspan is basically a traitor, and it pains me that Democrats don't have a common conception of what he did throughout 2000 like they understand what the Supreme Crooks did in December 2000.

As long as people with as little ethical character as Republicans and libertarians, like Greenspan, are allowed to remain in control of the money supply, you will have the money spigot thrown wide open for right-wing political advantage and choked off for Democratic policy. This has a huge effect. If it wasn't for this catastrophic failure in Iraq, it's the kind of effect that will consistently keep right-wingers in power and their economic warfare hidden under the deepest of economic lies.

[MallRat]

10. Oh, because fiscal responsibility is BAD for interest rates?

:crazy:

[Doctor_J]

11. or if smirk wins

the have been suppressing them to try to help * elected. regardless of who wins, they're going to have to be raised.

[Catfight]

12. If Kerry wins tomorrow, I"m buying a house because I'll have a job

I can count on instead of waiting to be laid off. Tell your friend to grow up.

[skordane]

13. And the Stock Market Sure Has Boomed under Bush Hasn't It

[rlev1223]

14. most investors...

think that a Kerry win might hurt stocks, but will benefit bonds,
(means reduced interest rates, not higher.)

[Catt03]

15. My sister says she is taking all her money out of bank

because if Kerry wins, she will lose everythig.

(sister lives in the Alabama part of PA.)

(no offense to DU Alabamians)

[prayin4rain]

17. Oh stop!!! That is hilarious!!!---LOL

[Bandit]

18. I think they will indeed go up

It is one way the GOP has of making it look like a Democrat can't manage a budget. Imagine if interest rates only go up three points how much we will have to pay on National Debt that bush* has run up so high. We already pay more in interest on debt than we do on National Defense. It is all part of the plan. They did the exact same thing to Clinton. Notice how quickly they dropped when Bush* came to power.

[Redleg]

19. Maybe you should bang your co-worker's head on the desk and knock

some sense into him/her.

[Jacobin]

20. Of course interest rates will go up

They HAVE to. When you have the biggest fucking deficit in American history, there is NO CHOICE but to raise rates so that T-bills can be sold to finance the deficit and when the economy comes back because of cheap money, to tame inflation you have to raise rates. Its Economics 101.

Guess what? Smirky would have to do the same thing, but he's not going to be president, so Kerry (actually the fed) will have to do it.

[Bongo Prophet]

21. They spread the same shit in '92

My brother "warned" me.
In 2000, he said "Gore will regulate which days we can mow our yards!"
and "Jesse Jackson is the most dangerous man in America"

I used to enjoy the humor of talk radio listeners.

It's all fun till someone gets hurt.
:crazy:

[f1 dad]

22. umm...

Won't the Fed close up shop tomorrow several hours before election results come in?