New Braunfels Herald Zeitung, September 23, 1987, Page 7

New Braunfels Herald Zeitung

September 23, 1987

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Issue date: Wednesday, September 23, 1987

Pages available: 25 - Used by the World's Finest Libraries and Institutions
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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 164,099

Years available: 1952 - 2013

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All text in the New Braunfels Herald Zeitung September 23, 1987, Page 7.

New Braunfels Herald-Zeitung (Newspaper) - September 23, 1987, New Braunfels, Texas New Texas September I t I Global economy affects nations interest rates NEW YORK AP An ad ministration economist says interest rates are much higher than can be justified by An investment adviser A real estate economist says already high rates are a threat to In their own particular all three are expressing concern about an increasingly important fact of life for Americans The destiny of the economy isnt based solely or mainly on domestic factors Awareness of the change may be somewhat slow to dawn on whose economy in the past was so big relative to the rest of the world that what happened domestically was far more important than what happened It isnt necessarily so thanks to the countrys big budget Those deficits need to be Foreigners have the money to finance but they want something in mainly high rates of while the latest news about domestic inflation suggests that it remains in the need to encourage foreign investments is probably forcing the Federal Keserve to allow higher interest While Beryl outgoing chief White House didnt say he quite likely was alluding to this fact of life when he commented that inflation reports seemed and that the financial markets are Wrong or those interest rates are and so are worries about them going even higher because of the need to keep foreign investors Such worries caused John chief economist for the National Association of to hedge his forecast for broadbased economic growth with a reminder that rising interest rates could lower his expec His projections for housing for could re quire significant adjustments if in terest rates must continue to rise in order to continue to attract the need ed foreign In exchange for holding dollar assets that could decline in he observes that foreign investors are demanding and getting higher in terest even though such rates are a threat to the housing John head of Wright In vestors contends that in the economy is currently being held hostage to interest which rightly or become entangled with the fate of the In his as the value of the dollar the Federal Reserve may believe that they should raise the discount rate again in order to shore up the a position that he says is obviously The he is that higher in terest rates would increase the risk of which in turn would worsen the budget deficit and require ever more foreign The Fed already has raised the dis count perhaps the most basic of all interest rates since inevitably it leads to increases all down the almost immediately in business bor rowing and soon after in home mor tgage For the discount rate in crease on 4 was not very large to 6 percent from percent but banks immediately raised prime len ding rates to percent from and mortgage rates moved higher within Serious damage to the economy already has been says Its a dilemma that the country hasnt faced at least to such an In the if any one economy called the shots it was that of the United It just isnt that way Sale Date 23 27 Store Hours Daily 99 115 Location 35 Walnut WALMARTS ADVERTISED MERCHANDISE is our to have every advertised item in stock However rl due G any unforeseen reason an advertised item is not available or purchase WalMart will issue a Rain ChecK on request tor the merchandise to be purchased at the sale price whenever available CK will sell you a simitar item at a comparable reduction in price We reserve the right to limit quantities Limitations void New Mexico LOW fvtmv OAY LOW MtlCg DA r 1 win Size Mtttrass Cushions r O yCKX bhapr to ptOViUe suppon ConiiuMaDie Will not witti the I1 sheets foam Full Size Queen Size 14 102x90 Inches dot 01 solid desig Machine wash and diy Poiye BUnfcMs Choice ol colors Mac tune wdsti and ot I locked DuPont nylon tacton loam base For Inches ;