Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Proud_Infidel who wrote (7421)	10/6/2003 9:36:20 AM
From: The Ox	Read Replies (1) of 25522

OT After reading the article, 2 things occur to me. 1st is that one should expect mortgage debt to be near all time highs since we have near all time lows in interest rates. This should not be alarming at all and it makes sense that people have taken advantage of the lower rates to either refi or move into larger, nicer homes. 2nd is that one might expect consumer debt to be very high, especially after the tough few years the US economy has had. More people are out of work. These people will be leaning on their credit cards harder then before. I fail to see the connection that the writer(s) of the article make by posting the $10K mermaid suit and then implying that someone would get a home equity loan to buy such a thing. It seems more like scare tactics journalism to justify the negative perspective being displayed in the article.

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