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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: Sweet Ol who wrote (69517)2/19/2001 12:00:12 AM
From: Zeev Hed  Read Replies (5) of 99985
 
Jhn, I think you err a little here the majority of consumer debt is still their mortgage, easily refinanced and many of the variable rate form. Lower interest rates does trickle quite rapidly yo consumers and corporations bottom line. Auto loans are probably second and then credit cards. A great number of consumer do not accumulate excess credit at 20%, most replace such debt with second mortgages, first the rates are lower, second, it is tax deductible.

Zeev
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