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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GraceZ who wrote (12941)10/6/2004 2:13:59 PM
From: russwinter  Read Replies (1) of 116555
 
They take HELOCs out to pay off older higher interest rate credit cards with balances for food (including restaurants), gasoline, basic necessities, the occasion marble counter, and airline ticket. It's also a fundamental driving financing force for inflation in all the above.
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