Can you say, Stagflation?

Ian Murray seamus2001 at attbi.com
Fri Sep 6 10:20:34 PDT 2002


----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com>


> >Weekly updates of the index are released only to subscribers.
>
> Not true. The index is available at <http://www.businesscycle.com/data.asp>.
>
> Economy.com's analysis points out that the inflationary pressures are
> being felt mainly in the housing market (which isn't surprising,
> given that the index is being driven upward by real-estate loans).
> So, once again, it's more an inflation in asset prices - houses this
> time rather than stocks - and not in goods and services.
>
> Doug

===============

Aren't lots of folks just refinancing at lower rates and thus dumping some debt even as the value of their homes has gone up since the last time they refinanced?

Ian



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