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Pastimes : The Big Picture - Economics and Investing

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To: Arik T.G. who wrote (600)1/31/1999 12:35:00 PM
From: Bonnie Bear  Read Replies (2) of 686
 
Arik: I took a cut at figuring out what the U.S. mortgage market is worth....I got 6.2T dollars. How much of this money is coming in from people refinancing their houses after the interest rate cut and dumping the money into the stock market? Or selling their houses tax-free and dumping the money into the market? IMHO a trillion dollars could have been created during the last year via this mechanism. But if interest rates are stable, this cash should dry up soon.
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