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  • snugly60031 snugly60031 Aug 15, 2005 12:29 AM Flag

    Market Correction Underway

    Kiki,
    I still believe the reason Fed is raising rates has to do with keeping the Dollar afloat so that foreigners keep lending to us and to keep foreign and big domestic lenders from loss due to devaluated principal. The US is addicted to living beyond its means. The foreign lender spigot must keep flowing or way of life in this country will change for the worse. Recently, I read in Chicago Tribune that the US consumes 80% of the World's savings through purchasing US debt. Snug

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