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

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To: John Vosilla who wrote (45325)11/11/2005 10:52:44 PM
From: mishedlo  Read Replies (2) of 110194
 
Why is that a mystery?
Negative savings rates, cash out refis, loose lending standards.

HELOCs have now flattened and refis are way down although from very lofty levels to more normal levels.

As we have discussed the party is over once housing stumbles hard.

To me it is no mystery, but rather it is amazing that it could go on as long as it has. Perhaps that is what you mean.

Mish
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