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To: Bucky Katt who wrote (12409)6/9/2003 3:28:13 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
Anyway, back to CRED and all the other bubble real estate, when the rest of the world stops lending to US, interest rates go up & real estate drops...

William:

It's just a matter of time before the interest rates start rising... The growing Gov't budget deficit will put a big time squeeze on the credit markets... It will hurt the ailing manufacturing sector by raising the cost of their borrowing... It will probably take 12 to 18 months to unfold while rates are artificially held down...

Jim



To: Bucky Katt who wrote (12409)6/9/2003 4:25:57 PM
From: SilasSan  Respond to of 13094
 
OOOW! I like that too! $CRED ... so close to crud! My suggestion is to buy homes with $CREDs or maintain a mortgage with as much "timeliness and completeness of ... cooperation and candor" as any finance company executive (wink, wink, nudge, nudge). Don't keep any $CREDs in the bank, keep your car and furniture new, buy jewelry ....