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To: stockman_scott who wrote (210782)12/19/2002 5:22:43 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
That's an absurd premise..."money" extracted from a cash out home refi is not "saved"....it's simply transferred from one asset class to another.

While consumers spent some of the money, they saved or invested more of it, according to a study published in the Federal Reserve Bulletin



To: stockman_scott who wrote (210782)12/19/2002 5:41:11 PM
From: DebtBomb  Read Replies (1) | Respond to of 436258
 
yep, there's tons of cash out there, it's flying into money market funds, bonds, and real estate, not stocks though, ho ho ho

at least not yet


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