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

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To: GraceZ who wrote (12842)10/5/2004 2:04:20 AM
From: Elroy Jetson  Read Replies (1) of 116555
 
Low interest rates enable you to handle the monthly payments on more debt -- but it doesn't make you borrow.

If the urge to borrow rises as rates decline, Home Equity Extraction would have risen steadily since 1982 as mortgage rates declined.

Yet these charts show absolutely no evidence of your theory being correct. I understand perfectly well that you wish it were true - but it's not. That happens sometimes in life.

home.pacbell.net

home.pacbell.net
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