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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (29241)3/23/2005 3:04:53 PM
From: Ramsey Su  Read Replies (1) of 110194
 
realtor.org

the numbers are really not bad, especially that unadjusted numbers.

so I can only assume that at "best", we are at the beginning of the down cycle.

the more I think about the MBAA application data this morning, the more I think about the refi applications. Are these refis due to necessity, vs that state of the art kitchen or fancy marble bathroom that is purely discretionary spending?

I also heard that credit card delinquencies may be understated because of the "no interest for 1 yr" offers to bounce from card to card.
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