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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (4548)8/31/2001 8:39:33 AM
From: hugh thorne  Read Replies (3) of 33421
 
Given their near zero interest rate regime, they have at least ameliorated the effects of accruing compounding interest on all these loans for the last 15 or 16 years.

I don't know how they account for these transactions over there, but assuming a 2% rate over the period, $1000 would now only be about $1350.

I would bet however that the real property index has expanded at an even lower rate, thus making the whole loan issue worse now than it was at the begining of the last decade.
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