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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (219)	6/18/1998 12:47:00 PM
From: Oeconomicus	Respond to of 3536

Valid point re real rates being high and one that I have made in the past. Shame on me for forgetting. It would be interesting to see a stat on mortgage payments vs. gross income as that would tell you better how much room we all have - whether the debt service is historically high or low. I'm sure that stat is out there somewhere, but I don't know where. BTW, how do second mortgage "debt consolidation" type lenders typically do in bankruptcies and how might that change with Congress changing the rules? Just wondering... No, my shorts aren't bankrupting me. Regards, Bob PS: "... why are real rates so high?" Consider it a stealth tightening.