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

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To: John Vosilla who wrote (47426)12/15/2005 2:57:02 PM
From: russwinter  Read Replies (1) of 110194
 
We are seeing an increase in deliquencies if CFC numbers are any indication, but it's mostly in the 4Q:
Message 21974739

Further, the rob Peter to pay Paul machine (*)is seizing up, as that will translate into even more problems. Add in the heating bills that will start arriving with regularity in the mail for the rest of winter, some more pink slips in financial and RE related industries in Bubble locales,
latimes.com
more mortgage resets, failure to restrain XMAS spending (??), higher credit card minimums= slow pays will really continue to mount up.

(*)
Home Equity Loans
08/03/2005 439.3
11/30/2005 436.1

Consumer Loans:
09/14/2005 721.8
11/30/2005 705.8

Real estate, sputtering:
11/09/2005 2858.3
11/16/2005 2853.8
11/23/2005 2863.5
11/30/2005 2861.4
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