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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: SeaViewer who wrote (17444)12/2/2004 5:41:05 PM
From: russwinter  Read Replies (1) of 116555
 
Yes, lots of subprime, low/no down, and adjustables. But are they in trouble, or soon to be so? Any evidence of real difficulties, or more importantly when will the cognoscenti figure it out? I think they (*) are still robbing Peter (inflated home assets) to pay Paul.

(*) Two groups, the "first receivers", and "late recepients", concepts well presented in this Shostak essay:
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