Monday, January 10, 2005

Refinancing Boom To Boomerang?

The public policy website Demos has an interesting piece by Javier Silva addressing the many negative aspects of the refinancing explosion of the last few years. Such as collateralizing debt such as credit card balances and using home equity for current consumption. Overall a very fine analysis of this massive trend. The same site has another excellent writeup on the housing bubble by guest columnist Dean Baker.


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