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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (1568)	3/9/2004 10:08:24 AM
From: mishedlo	Read Replies (3) of 116555

Royal Bank of Canada Jumps off the Deep End rbc.com RBC Economics debunks perception that North American household finances are in disarray. Myth No. 1: North American households are in over their heads in debt. Myth No. 2: Consumer bankruptcies keep getting worse. Myth No. 3: Growth in revolving credit products is a problem. Myth No. 4: Households will be in trouble when interest rates rise. Myth No. 5: Households are not saving enough. Myth No. 6: Households are frivolously spending their home equity. Myth No. 7: Falling equity prices hurt credit quality.

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