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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Raymond Duray who wrote (44168)1/1/2004 7:55:50 PM
From: marek_wojna  Read Replies (1) of 74559
 
<<Residential construction is a bright spot, due to dramatically low mortgage rates.>>

Thank you Raymond. The little dark spot in residential boom is that most of it even the minimum down payments (most of them are on credit as well) only adds to consumer debt of American people. It could be they are on very right track taking this gamble. I liked very much too the quote you posted from Eisenhower speech.
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