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Ace Hanlon

03/02/03 8:34 AM

#81852 RE: Public Heel #81814

Only creit card debt carries rates in the teens. Mortgage rates are at or near all time lows. As are rates on home equity loans.

My take is that one of the FUNDAMENTAL forces behind the bear is that the market recognizes that the US economy can only be kept afloat by keeping rates so low as to risk a total crash of the dollar at some point.