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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (11267)4/3/2004 1:21:22 PM
From: DOUG H  Respond to of 110194
 
so what is the first canary in the coal mine of a consumer credit crunch?

Deer in the headlights. Re-fi activity dries up. Consumers think their oppurtunity to "catch the bottom" has passed so they sit with their ARMs and await the coming train.