John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Steve Lee who wrote (5716)	2/25/2002 10:15:33 PM
From: Hawkmoon	Read Replies (1) of 33421

In the past, when interest rates have been low, have consumers enjoyed a lower ratio, rather than this time where they have used the lower rates to expand their borrowing? Hmmm... I'm not so sure about that Steve... It would seem that the percentage of household debt has remained within a relatively narrow range, no matter what the interest rates have been. Thus, when rates go down, they refinance to reduce their overall percentage expense. But when rates are sky high, they still require basic housing and transportation. But overall, expenses generally remain within a 2% range.. (since we know at least 40% of our income goes to Uncle Sugar, it makes me wonder if the FRB's definition of desposable income is pre or post tax... :0) Hawk

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