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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: John McCarthy who wrote (68006)8/24/2007 4:37:53 PM
From: Lee  Read Replies (1) of 116555
 
That there is the chart.

We have ramped from $22B per month in ARM resets during January 2007 to $43B in resets in the month of July 2007.

Everyone said those seven months hurt.

Now we go from $52B in August to a peak $110B in March 2008.

What will those eight months feel like?

And we don't get back dowm below $22B until seven months further out - October 2008.

The storm is still coming ashore. The Feds may have put out an umbrella but the wind will surely shred that to bits soon.

Lee
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