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

To: Perspective who wrote (207852)6/22/2009 8:57:07 PM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
"virtually every one of them has trumpeted how much debt they've paid down."

That doesn't make sense to me. Why pay down debt when you can borrow at some of the lowest rates that will be available for many years? If I were a CFO I would be borrowing at current rates and calling in old high interest debt instruments with the proceeds. Even better, buy them on the open market if it's trading cheaper.



To: Perspective who wrote (207852)6/23/2009 9:34:40 AM
From: Skeeter BugRespond to of 306849
 
gld is up 17 cents and ngd is flat. unbelievable.

edit - ok, now we have signs of life - ngd in the low $2.60s.


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