[I_Like_Plants]

Just heard it on the radio, "Faux Newz, Fair'n'balunced" still, they said it.

Maybe I'm wrong, but the neocon take on things is a higher interest rate means a better economy somehow. So I don't thing phox is phooling.

[Eli]

The rising interest rates do not mean a better economy. Well that is not true it makes it harder to get a loan and spend money that you don't have that will be a good thing.

But those people with variable interest rate home loans are about to be screwed. Also think of companys who go into bankruptcy they have to pay more for there debt and that kills big companys.

The high interest rates of the late 70's and early 80's were wonderful for the economy. (sarcsm)

[Armageddon]

with alot of people who only qualified for adjustable arm rates, their payments will be going up every time the feds raise rates. its already at 4 yr highs now. not good news