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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GraceZ who wrote (12812)10/4/2004 8:58:08 PM
From: Elroy Jetson  Read Replies (1) of 116555
 
Why not take a moment and again review the stark reality presented by this chart. I know you don't like the reality it presents, but it just sits there mocking you.

home.pacbell.net

You claim this is simply because home prices have been rising. Well, home prices rose even faster from 1985 to 1990 yet equity extraction barely rose during that period. Review the chart and test out your theory before you make it public. Why embarrass yourself needlessly.

Your most recent claim, real estate loans suddenly "have less inherent risk" than they have in the past is a psychotic hallucination frequently seen among those who spend too much time reading Monetarist mumbo-jumbo. It's similar to the hallucination that "internet stocks can't fall in value because they're the future."

You have also claimed equity extraction has exploded in the last four years because interest rates has steadily declined since 1982. Now really, isn't that just too pathetic to warrant a reply.

home.pacbell.net

You've also claimed that this chart can't be true because you haven't personally extracted all of the equity from your real estate and you know several other people who haven't borrowed heavily either. Huh?
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