https://markets.ft.com/data/announc...506020900BIZWIRE_USPRX____20250602_BW939201-1
ICE Mortgage Monitor: Record Levels of Home Equity and Falling Rates Drive Highest HELOC Withdraws Since 2008
Translation, the consumer is broke and being forced to tap into whatever credit they now have left and we are about to see history repeat again. BTW all this "borrowing" is being done at the highest interest rate levels in over a decade in the US. 2008 going to end up being seen as bullish event compared to this Ponzi?:
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22767
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Last
8,555.5 |
Change
80.600(0.95%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,474.9 | 8,574.0 | 8,474.9 |
| XJO (ASX) Chart |