Website owner: James Miller
Increasing interest rates tend to hurt stocks. Why? There is more than one reason: 1. As interest rates go higher it costs more to do business, cutting down profits. It costs a lot more to produce an item if you are paying 15% on borrowed money than it does if you are paying 3%. When profit falls the stock is not worth as much. 2. Higher interest rates reduce the demand for stocks, causing them to drop in value, by attracting available money away from them into less risky money markets, CD's and short term paper. If you can get 15% on your money in safe, government insured CD's why risk investing it in stocks? If, instead, you can only get 3% from CD's perhaps you will be willing to take the risk of investing in stocks. The investor has several options on where to invest his money (stocks, bonds, real estate, money markets, etc.) and he places it where he can get the best return with least risk. May 2000
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Personal attributes of the true Christian
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Love of God and love of virtue are closely united
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Tools of Satan. Tactics and Tricks used by the Devil.
The Natural Way -- The Unnatural Way
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Knowledge is one thing, wisdom is another
My views on Christianity in America
The most important thing in life is understanding
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The Prime Mover that decides "What We Are"
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Sin is serious business. The punishment for it is real. Hell is real.
Self-imposed discipline and regimentation
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