The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (1354)	10/8/2003 8:14:00 PM
From: Ramsey Su	Read Replies (3) of 110194

russwinter, I was talking to a title manager last week. The layoffs in the title insurance industry had started when rates shot up. They were just planning back then because there were still a lot of closings that required bodies. Now they are starting the actual layoffs. He thinks some title insurance companies in San Diego could lay off as much as 30% but hopefully less. I assume the mortgage brokers will be doing same. However, they may not show up anywhere because many are either self employed or employed as independent contractors. Furthermore, if their income drop in half due to decrease in refi volume, that won't show up anywhere. It will be months before we will see the indirect signals. First, we should see credit card debt starting to pile up. Second, or at the same time, we should see more draw downs on lines of credits. Third, delinquencies for consumer debt start to climb. Fourth, bankruptcy filings go up. Fifth, foreclosures go up. Last but not least, Greenspan resigns. Except no one knew it becasue no one understood what he was mumbling about in his letter of resignations.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next