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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (36845)7/24/2005 3:09:10 PM
From: GST  Read Replies (1) of 110194
 
Having struggled to "own" a home, people on the lower rung will not bail on their mortgage as fast as your article might suggest. People will bail out of their house if they lose their job -- and of course that is another snowball that is likely to gather in coming months, but it will not hit with a bang until it has had more time to gather.
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