Wednesday, December 31, 2008

Good Signs

Peter Cook of Performance Trust Capital Partners sees good signs in the economy.The low gas prices are a 2-3% consumer stimulus,on top of a record pace in refinancing.In 2002-2003,there was a giant refinancing boom at the end of a bear market.Today we are making fewer houses and cars than the demand rate.This is what you see at the end of a cycle,Mr.Cook indicated.

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