It is no coincidence that households found it more difficult to maintain current payment schedules just as the volume of refinancing activity began to dry up as the second half of the calendar year got underway,

Typically, at the present stage of an economic rebound -- roughly two years after the trough in economic activity had been reached -- corporations are borrowing aggressively, funding capital expansion projects, payroll additions and inventory accumulations,

Activity is very light ahead of Greenspan's testimony tomorrow. We really shouldn't see much movement . . . there is no prominent economic data out today.

Activity is very light ahead of Greenspan's testimony tomorrow, ... We really shouldn't see much movement . . . there is no prominent economic data out today.