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: jimmg who wrote (70120)	9/23/2006 9:56:47 AM
From: russwinter	Read Replies (2) of 110194

<If you feel the long bond yields are way too low, you could go get a 30 year fixed rate mortgage on your house and invest the proceeds in something that is inflating faster than the interest on your debt.> Indeed, borrowing for such purposes plus speculative "better get it now" consumption is epidemic: September 20 – Bloomberg (Craig Stirling): “U.K. mortgage lending rose by a record in August, a sign the $6.8 trillion property market absorbed an interest-rate increase, figures from the British Bankers’ Association showed.” September 20 – Bloomberg (Elin McCoy): “The New York wine auction season started with four sales last week and is set to become a record breaker. ‘This is the greatest season ever for offerings,’ says Richard Brierley, 33, head of North American sales at Christie’s…”

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