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

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To: Ramsey Su who wrote (35638)7/13/2005 5:26:12 PM
From: russwinter  Read Replies (1) of 110194
 
Sandicor on San Diego's June activity, listings continue to surge, sales huffing and puffing to keep up. Listing to sales ratio, 1H, 2004 was 1.76, 2H, 2005 was 2.12.
sandicor.com

Keep in mind that the indexes at the beginning of June that most of these toxic California mortgages are tied to was 3.33 on the 1 year CMT and 3.78 on the 1 Libor. Today (July 13)those indexes are 3.60 and 4.02 respectively. Can't imagine these higher rates aren't fading things even more. Plus more and more teasers and 2/28 IO toxics are being reset as each month goes by. This will just build and build, until viola, blow through, and wake up call!
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