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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (17794)2/24/2004 7:26:41 PM
From: MSIRespond to of 306849
 
What, everybody supposed to start trading interest swaps or something?

In the dreams of high-level money managers, yes. They would love to see a few trillion in transactions from frightened homeowners, scurrying from one instrument to another with every Fed pronouncement.

We're becoming a nation of money-managers, not wealth-producers.



To: Perspective who wrote (17794)2/24/2004 7:43:34 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
<<What, everybody supposed to start trading interest swaps or something?>>

You may laugh, but if one has a fixed rate mortgage, then opens an adjustable home equity line of credit, they obtain similar flexibility (even more so, because they don't actually have to draw down on the HELOC if rates go up).

Maybe John Law Jr.'s angling for a cushy directorship at Countrywide after his turn's up?<G>


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