Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Dan, That was interesting. Thanks for posting.

If folks are borrowing that kind of money, some of it has to be flowing into retail. Can retail hold up if cash out refi's (which are also up about $100 bil)and HELOC loans just go flat? I don't know much about program trading, but I do know retail. Borrowings don't have to go down, just if they go sideways will cause problems. Less borrowings could be disastrous. Can they continue to go higher and higher? Doesn't the American consumer ever get tapped out??