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To: Mike M2 who wrote (21219)3/30/2000 9:44:00 AM
From: pater tenebrarum  Respond to of 42523
 
yes, i have that somewhere...have to look it up though. interestingly, it has not risen as fast as the debt-load itself, which indicates that at least in the household segment the maturity of the outstanding debt has lengthened. that jibes with the balance sheet expansion of Freddie and Fannie as well as the big drop in home-owners equity. i.e., a large portion of the debt increase is mortgages. a la Japan in the '80's actually.