Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Ripsnort on November 26, 2003, 08:09:08 AM

Title: More good U.S. economic news
Post by: Ripsnort on November 26, 2003, 08:09:08 AM

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20031125/bs_nm/economy_dc

:aok :aok :aok :aok

Title: More good U.S. economic news
Post by: Modas on November 26, 2003, 10:29:51 AM

Well, I'll tell ya.  Whether or not Bush's tax cut is the result of the "improving" economy has yet to be seen.  I personally think that people are just starting to get confident again after the 9/11 attacks and are figuring out that the "sky" isn't falling after all.

I think the big indicator of the health of the economy will be this coming weekend after Thanksgiving.  If people go out and spend like gangbusters, I wouldn't be surprised to see the interest rates go up some.  

I locked in my 30 year morgage a couple of days ago on a new construction (my first house :D) at a whopping 5.8%.  I'm all for interest rates going up now.  My money market is making a whopping .65% :eek:  It was a 7% a couple of years ago when I got into it.