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Americans Drunk on Debt?

We Americans are borrower against home equity at a pace not seen since 2007. 
Check out the chart below. Our home equity borrowing has already returned to Pre-recession levels.
Is this a predictive model of history repeating itself?  Perhaps.  Finances tend to run in cycles.
Is this simply a surge due to stagnancy in preceding years? Perhaps.  From 2009-2012, many folks laid low and put those moving/building plans on hold.  Now the storm has subsidized and we are ready for bigger houses, swimming pools and those postponed vacations.
There is no denying that we Americans as a whole... are dropping cheddar like its hot.  Keeping up with the Jones appears more important than ever before.
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