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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (32873)2/24/2002 4:57:21 PM
From: jjstingray  Read Replies (1) | Respond to of 99280
 
I think that once Greenspan raises rates, it will signify the end of the refinance boom. This boom has put more dollars into Americans pockets than the money they earn from their jobs. Once the refinance boom ends, I think the economy will crush under its own weight. The consumer will not be able to continue to prop the economy up and I think it is at that point that we take another dip on the indexes.



To: LTK007 who wrote (32873)2/24/2002 5:09:35 PM
From: Larry Brubaker  Read Replies (6) | Respond to of 99280
 
<<Householder liabiltity versus personal disposable income has been over 100% since the year 2000>>

Not according to the statistics maintained by the federal reserve, not even close. In fact, household debt service as a percentage of personal income is not substantially higher than it was in 1980.

federalreserve.gov

Boy, with all the doom and gloom on this thread, I'm going to have to start thinking about deploying some money into the market:-)