Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (14243)	2/21/1998 4:53:00 PM
From: Mike McFarland	Read Replies (4) of 94695

Several times each week for the last year (and especially over the last two months) I receive home equity/credit card consolidation offers in the mail. I wish I had been saving them and stacking them up just to see how high a pile I'd get. One has to wonder what the percentage of lower- to-middle income Americans have leveraged their mortgage loans to the hilt in order to bail themselves out their plastic. (I am discounting the risk that the upper-middle class have gone into debt--clearly they have enough money not to go into debt because I see them towing new boats behind their new Ford Explorers in my city. I happen to drive a '72 Nova (although I would be willing to upgrade to an Explorer cheap after a crash.) --Oh, that's Thailand, never will happen here.

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