The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: John Vosilla who wrote (37721)	8/4/2005 8:12:55 AM
From: Ramsey Su	Read Replies (1) of 110194

A lot of the debt, e.g. the 3 yr hybrids, would not come due, just that the interest and payments would be reset. The difference is probably not that great, yet. However, for those who had pushed the limit and might have taken HELOCs in the mean time and have negative cash flow snapping at them for those "investments" they purchased in Vegas or Pheonix, now is the time to sweat. Many could easily find themselves in the predicament that refinance is not an option because they may neither be able to draw anymore cash out nor reduce payments. Consumer spending and revolving credit should be good indicators to see if these people are looking for different sources of funds instead of the house ATM. federalreserve.gov bea.doc.gov

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