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These cost increases translate themselves into higher debt levels that with present day interest rates can be a killer.

Actually, especially in the USA with ZIRP, present interest rates are highly favorable. The problem is availability of credit and, related, the perceived stability of current rates.

Thanks for the diary.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jan 25th, 2012 at 10:56:00 AM EST

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