This advice hasn't changed for at least the past 6 months, and probably much
longer, except that it is now more urgent. Faith G.
Sent: Monday, October 20, 2008 7:31 AM
Subject: Weiss Research's Emergency Q&A - Transcript
Money and Markets Monday, October 20, 2008
WEISS RESEARCH'S EMERGENCY Q&A - TRANSCRIPT
by Martin D. Weiss, Ph.D.
Dear Faith,
Paulson and Bernanke's massive bailout for the banking industry is
causing so many unintended side effects it must be making their
heads spin.
Yes, banks have gotten some interest-rate relief and don't have to
pay through the nose for short-term funds like they did a few days
ago.
But to fund the bailout, the government will have to borrow
massive sums, and the mere expectation of that huge avalanche of
borrowing is already driving long-term interest rates higher.
To read more click here ...
http://www.moneyandmarkets.com/?p=27632
Good luck and God bless!
Martin
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