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To: reaper who wrote (166288)5/16/2002 2:02:58 PM
From: Oblomov  Respond to of 436258
 
>>>Large NOMINAL wage growth is what allows you to get out from under crushing debt loads.

I agree for the most part, but what about all of those people who took out adjustable rate mortgages linked to the T-Bill or Libor over the past year or so?