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Pastimes : Rage Against the Machine

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To: Thomas M. who started this subject	12/3/2002 8:06:22 PM
From: Thomas M.	of 1296

The credit bubble rolls on . . . "I subscribe to Economy.com, and right on the main page is a chart of cash-out refis, 1990 to the present. It will blow your mind that we may hit $300 billion this year. From 1990 to 1999, refis ranged from $25 billion to $50 billion a year. Look at 2000, with slightly over $100 billion; and 2001, with $150 billion. Add the last three years together. The total will hit at least $550 billion, just blowing away the combined total of the entire 1990s. What a mess we face in the future." moneycentral.msn.com

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