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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: el_gaviero who wrote (1590)10/21/2003 5:20:24 AM
From: russwinter  Read Replies (6) of 110194
 
<If the US economy sustains an increase in interest rates without serious problems, I will be in need of new wet-ware>

I see a backup in rates as an economy killer. In fact money supply is already contracting even with 6% mortgage rates. The mortgage application index is the number to follow, and it's heading south. Without steady credit expansion the economy fades quickly.
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