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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GST who wrote (34090)7/23/2005 1:47:41 PM
From: regli  Read Replies (1) of 116555
 
This might help somewhat. The parallels are striking (look at the chart):

tutor2u.net

· Strong growth of house prices – has encouraged mortgage equity withdrawal

· Historically low interest rates – reducing the opportunity cost of borrowing money

· Falling prices of consumer durables – many of which are bought using credit
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