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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Hawkmoon who wrote (5722)2/25/2002 10:22:11 PM
From: Steve Lee  Read Replies (2) of 33421
 
So if rates go up from here, how does the debt drop to keep the interest payments the same? Does the consumer switch to off balance sheet financing <g>?

Or do they downgrade their homes and cars - Is that what you meant by basic housing and transportation?
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