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

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To: GraceZ who wrote (54224)2/19/2006 5:01:00 AM
From: Mike Johnston  Read Replies (2) of 110194
 
Lots of equity out there to tap, but there is a mismatch between those who might need to tap it and those that have it.

There is always lots of equity to tap at the top of the cycle.
What will happen at the bottom ?

If the economy was really booming, we would not be discussing people's needs to borrow money against their homes.

With retail sales up 10% y/y, one would think that consumer confidence would be much higher, IMO skyrotecting retail sales number is a reflection of higher prices paid and inflation, as opposed to a booming economy.
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