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Now let me see if I have this straight: Interest rates have been historically low lately because of a worldwide high savings rates, and therefore competition for savings among savings institutions is low. But now people everywhere have figured out they can get a higher rate of return by moving their savings into equities.
Then does it not follow that as people pull money out of savings institutions, interest rates will start to increase as those institutions try to lure them back? And don’t equities markets react to higher interest rates the way a cat reacts to a bath?p>Are we getting a taste of this in the stock market this week? br> — Paul Doolittle /p>
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?