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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (50290)1/19/2006 5:07:24 PM
From: mishedlo  Read Replies (2) of 110194
 
Well the 30,000 per week was the few weeks right before the law went into affect. It was also right after Katrina.

So how much of that was Katrina?

But.... The biggest state was California so that should shoot to pieces any idea that this was all hurricane related.

I wish I knew what "normal" was.
Are there any stats for 2004?

At any rate, after the OCT 21 deadline the rate crashed to 3,500 but is already back over 5,000 per week.
That would only be 260,000 per year. But... no one expected rising bankruptcies this fast.

Note what I said in my blog, about California property tax delinquencies at 1994 rates (all time highs).

What happens if people can no longer do that cash out refi to pay taxes?

Thoughts on all of this?
HMMMM I see that 30,000 * 52 does not even hit 2 million.
Just waht were those rates headed into October and what were the rates for the rest of the year since Nov and DEC were only 4,000 per week or so.

Mish
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