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--- In realtraders@xxxxxxxxxxxxxxx, "Charles Meyer" <chaze@xxxx>
wrote:
> Just a wild guess; but I suspect the credit environment (interest
rate picture/structure) was a lot different in the 30's.
FWIW, here's a link to a 200 year bond chart:
http://www.globalfindata.com/frameset.php3?location=/datasource.html
Recently there has been a lot of refinancing so
> that may account for this
> activity? Again; just a wild guess; and maybe someone qualified
could chim
> in on your question.
>
> chas
>
> ----- Original Message -----
> From: <tradewynne@xxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 21, 2003 9:46 AM
> Subject: [RT] December Home Starts Rise 5%
>
>
> > http://www.bloomberg.com/bbn/index.html
> >
> > "01/21 08:53
> > U.S. December Home Starts Rise 5% to 1.835 Mln Pace (Update1)
> > By Siobhan Hughes
> >
> >
> > Washington, Jan. 21 (Bloomberg) -- U.S. home construction
> > unexpectedly surged in December, completing the best year for the
> > industry since 1986, as housing helps bolster the economy.
> >
> > Builders broke ground on new homes at an annual pace of 1.835
million
> > units, the fastest since June 1986, the Commerce Department said.
> > That was up 5 percent from November's revised 1.747 million pace
and
> > exceeded expectations of a 1.68 million- unit rate.
> >
> > Some 1.705 million homes were started last year, the most in 16
> > years..."
> >
> > I'm not a fundementals / news guy, but I'm curious how the doom
and
> > gloomers see this. Were there "pops" like that in the early 1930's
> > several years into that bear?
> >
> > I really don't know, just asking.
> >
> > BW
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
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