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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (12174)4/19/2004 12:24:48 PM
From: mishedlo  Read Replies (2) of 110194
 
the problem with relying on the repeatability of "lowered within months every time" is that each drop in the 10yr leads to more refis, which just exacerbates the inflationary pressures when things need to cool off.

We are far far away from another refi boom now.
Fleck declared the refi boom over yesterday. I agree (and said so myself last week).

M
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