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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (75211)2/25/2008 12:18:28 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Credit Lines Dry Up, Homeowners In Withdrawal
globaleconomicanalysis.blogspot.com
Consumers have been living beyond their means for a long time. The three primary ways to do this have been cash out refis, credit cards, and home equity lines of credit (HELOCs). All three have been reduced or shout off completely. Consumers are going thru withdrawal and will be forced to live within their means.
Mish



To: Elroy Jetson who wrote (75211)2/25/2008 3:59:42 PM
From: SouthFloridaGuy  Read Replies (4) | Respond to of 116555
 
Finally, the greatest credit crunch in the history of the United States has been averted with $3 billion.