Rank: New-farer Joined: 3/14/2011 Posts: 31 Location: Nairobi
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Nabwire wrote:Read my lips...rates will not go up in the US!!! At this rate, I should just place a $1,000 bet, go to www.bloomberg.com click markets, scroll down to key rates and check the Fed interest rates, they are on a downward trend. Unless you are talking about Libor. Cant believe we are having this convo, regardless of who the Fed chairman is, rates cant go up in a recession/depression, if they did the US would become worse than Zim. About QE, most people have the wrong impression that Wallstreet was bailed out or given free money. NO, Wallstreet firms were loaned money with interest, and most were basically managed by the government in terms of what they can or cant do, until they paid back their loans. Thats why majority of the firms paid up those loans chap chap to avoid Government scrutiny. The Federal gov made a profit off of QE, but ask the average American and they think Wallstreet was bailed out for free. Republicans perfected this lie. About rising up, that just sucks!!! I dont plan on rising up anytime soon since I rarely post, dont know who actually thinks its a good idea to dictate how much s'one can say according to rank. Just saying!!At this rate, I will not post again, im not used to working kienyeji like this, its a very bad idea to limit what pple can say coz of rank, who does that?? Ati Elder, I wanna be young forever. By the way keep bashing the US, utashangaa, I am very bullish on the US. After everything clears, China will be left holding debt on paper, watch this space. With that ciao, I'm not waiting another 50 mins to post!!
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