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

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To: russwinter who wrote (18905)	9/23/2004 1:20:12 PM
From: Ramsey Su	Read Replies (1) of 110194

Russ Mish I am not sure if the ARMS data is meaningful. Talking to my mortgage broker friend, he has been doing "ARMS" exclusively for some time, but these ARMS are the 3-5 yr types. If the ARMS that MBAA is reporting are of the negative amortization, or 1 yr or less types, then I would say they present a big problem. In the mean time, I guess San Jose is going down. biz.yahoo.com Ramsey

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