Disclaimer: To the extent there is further CASHOUT in 2008 and beyond the Debt outstanding will grow and the asset will drop more making the 35% - 40% upper range of the estimate. Since that most likely happen anyway, the truth is my personal forecast calls for $3T left at the hand of 20% homeowners who ABSOLUTELY NEVER took a mortgage. OLD money RULES. The rest, as I have said, are HOs.
9 comments:
Very nice graph there spy spy
did you see our little friend WB today...It is very nicey indeed
Yes, I have been watching FED instead, hopefully the crazy fund says they want to "acquire" and that will be the time to stick a fork into buying this pig's put.
MTG... can you provide more insight into "fund"...i am not a connected as you...Is it a vulture fund that wants to buy shares/debt what???
I saw 13F of a couple of funds who were involved with DSL pumping 6 months ago.
mister spy... thanks for the filings thing... i know you have been hitting the drum har but did you see the $tnx vs. the equity markets today??? and furthermore do you have any thoughts???
thanks spy... will send chinese porn
They are moved by the same thing. Oil inflation. The curve should be higher and flatter IF there indeed is a tightening cycle.
thanks. I suppose Im not talking about a direct tightening cycle but more and indirect phase via slosh and alphabet soup... In order to defend the long end of the curve. Chinese are bery worried bout bondy prices
There is ZERO chance the alphabet soup are pulled. No. There is absolutely no market for garbage.
On the other hand, there is urgency to control the cost of risk/fund so that the crazy oil price is more liveable. I am sure there are blames going around and I think Ben will get a lot of it.
OK sank you bery much mtgspy
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