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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Gold Beach who wrote (109357)	9/14/2008 6:11:32 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 206291

I guess where I'm going with that is that lowering rates is only postponing things.. Japan is a bad example in that they had a high savings rate. Is the consumer supposed to spend again with lower rates ? Does the consumer nuckle down with lower rates pay down debt ? The first is a postponement.. and the second implies lower growth.. (but of course is better LT) OTOH... here is some food for thought.. realtytimes.com # Nearly nine out of ten of them have specific timelines and strategies to fully pay off their mortgages and become debt-free, or have already paid off all first and second lien debt. # One out of four of all owners already are mortgage-free. # Thirty-eight percent of all owners say they've paid off 50 percent or more of their original mortgage debt. Another 28 percent expect to be fully paid off within the coming 10 years. # One out of every 25 owners say they've got no particular payoff plan or timeline in mind -- they've just never thought about it -- and one of every 16 expect to only pay of their mortgages when they sell their house. Must be that last group causing all the problems :O) The Black Swan