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= SERVICES LTD. MORTGAGES « This is a great time to re-finance! MORTGAGES 1 year rate 5 year hi-ratio rate 8: 25 year mortgages available 10.29% 8.25% 95% Are you interested in paying a lower monthly mortgage payment? Are you interestcd in consolidating your Financial Obligations? Land Good eal win Ap t@in1 FINANCIAL THE MORTGAGE SPECIALISTS ~ COMPARE OUR RATES ~ (No Fees charged for people who qualify) We also have monies for Power of Sales, Second Mortgages, etc. (Rates subject to change without notice) CALL DAVE or DONNA KRAUSE DAVE KRAUSE 873-4991 rax 873-3931 .6 acres, nestled below the hills sot the river. Stone and brick, 4 bedrooms, family room, Ing fireplace, 3 car garage. Real Estate This Week, Wednesday, October 28, 1992 — Page 3 75 foot frontage. Call Larry Barnstaple* now! 92-2-466 $89,900. 1.34 acres on paved road, water, gas, and sewers. Call Larry, 874-3040. On 89 acres, large bank barn, indoor riding are a, 38 Stalls, trout stream, pond, 5 acres of bush. Call Larry* 92-2-485 Rodgers LARRY BARNSTAPLE Sales Representative Cable TV wen SOROS Providing Real Estate Services Since 1972 877-5165 833-9714 | a | 3 | 2 E SSR. La ms a 4 a ia ACTON 1. $109,900 one acre 2. 21 acre building lot, pond and 3 acre building lot, ro Wor ay #7118600 47 plus acres just north of Terra Cotta. view of Toronto Skyline rge rooms, sauna, hot tub room, Fantastic shop call Lary’. 92-2-292 $229 000 ares 3 Bedroom bungalow on treed fireplace walkout to ished rec room wih wali fo back = Minutes e *Go". Lamy Bamstaple* 92-2-457 ee tn Veale LA 19.86 ha. adjacent to Misty Vieng oN in Caledon Village with proposed plan Close to Brampton, corer property. Lamy * 874-3040 he deta call 3 bedroom townhome, finished rec room, freshly painted. Call Larry* 92-2-476 ‘Only $299,000 on 7 resort-like acres in Terra Cotta. Minutes to "GO" Train. Don't miss this one! Larry Bamstaple’. 2-464 Out at the Ranch |7™ | with Bill Ellis The Hero The other day I was reading that General Schwartzkopf was in town speaking at a seminar. No, not in Georgetown - in town - Toronto. This man, Schwarztkopf, just amazes me. He went from a rather obscure posting at a military air base in Florida to world class hero in a matter of months. You know the old saying - with a name like that - he had to be good. Just think of the hard time he had fighting his way through public school with a name like that. That would have been great train- ing for a future hero. You just have to like the guy. When you watch him on TV, talking to his own troops, UN officers, TV newsmen, newspaper reporters, prime ministers, presidents and kings - he carries it all like it was just another day in the army. Just another job for Stormin’ Norman. I was always told that it is great to be good but it also helps to be lucky. And though I have the highest respect for the General and his talents, I think he happened to be in precisely the right place at precisely the right time. “Who do we send? How about Norm? down at McDill just lookin’ for a fight! Can he do it? Hell yes! Get him on the phone!" Well, maybe ‘twas not quiet that easy but I am pressed for space here. If you take a good hard look at what the guy accom- plished you have to be impressed. To win the war is one thing. To get all that equipment, stores and troops into position and ready to fight was a modern miracle of logistics and supply. I had a first hand look at some of the equipment on the move and it was something to see. We were driving to Florida when the first equip- ment started to move to Saudi Arabia. On I-75 in Ohio we passed U.S,.Army truck con- voys that were strung out for miles, already painted desert colors. On the beach at Dunedin, you could watch an almost continuous pattern of huge cargo aircraft flying in and out of McDill Field on Tampa Bay. God forbid that the world gets into another tussle like Desert Storm but if it does, I just hope we have another guy just like Stormin’ Norman to head up the good guys! Immaculate 3 bedroom on landscaped acre lot. lated basement. Close to "GO". Asking $208,000. Call Lary’. 91-449 72 acre farm with bank barn 15 min to "GO" vain Exceptional 2600 sq.ft. home. With walkout oak kitchen, main floor ney hal with fireplace, 2-128 By George Perdue, B. Sc. P. Eng. The central bank rates are falling again. It appears that the uncertainty induced by the referendum a few weeks ago has been absorbed by the market and the discount has been ken. Analysts expect the rate to fall again this week — and this is being written before the referendum takes place. This being the case, look for interest sensitive investments to rise again in the near term. People who have recently pur- chased bonds only to find their trading value decrease with the boost in interest rates required to support the sagging dollar, will now experience some relief. How long will this last? The government has few alternatives to stimulate the economy. This is because of the enormous debt and the strain on cash reserves. They will proba- bly use reduced interest rates to try to get the econ- omy rolling. When the economy shows positive signs the reduction in interest rates will cease in order to minimize the effects of inflation. Economists do not agree on the timing for this to hap- pen. Most believe that this "bottoming" will occur any- time during the next year. What do bond investors do? Those looking in the long term tend to hold their position. Those playing the interest rates in the short- er term are moving to shorter term investments and coupling their bonds with preferred shares. The idea here is to be more sen- sitive to the last decreases in the interest rates and to pick up performance from any improvements in the economy through the pre- ferreds. New investors who are interested in lower risk can put their money in money market funds and shorter term bonds. Since the money market is extremely short term it follows the prevailing interest rate almost directly. A new investor with some money market and some short term bond holdings is protected against interest rate swings since these investments work opposite to one another with respect to interest rates. This is not a bad option for this type of person when the interest rates are at or near the bottom in the business cycle. George Perdue is a Financial Planner, Business Consultant, and Partner in Money Concepts, Halton Hills. He can be contacted at (416) 873-1877.