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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Dan3 who wrote (76980)	3/27/2008 5:47:20 PM
From: John McCarthy	Read Replies (3) of 116555

Hi Dan3 Not arguing with you but re-read it and am comfortable with what I posted. That being said - by all means - re-cast it in the light you see it in and post your conclusion. Some take away numbers from the article ... as I see it (which could be wrong) (1) 128 million households (2) 60 % do not have mortgages .... as of 2000 (Of those, 35 million were mortgageless because they were renters; another 26 million owned their own home outright.) (3) No Mortgage ...... 128 * 60% = 76.8 million (4) Some type of Mortgage ..... 128 - 76.8 = 51.2 million (5) Before we go any further .... I cannot believe that the majority of the pool of 51.2 million mortgages has anything to do with sub prime or arm resets .... (logically the total mortgage pool would comprise from the late 1970's forward i.e. 30 year mortgage) (6) Loanforeclosure tracked 5 million arms (which for all I know - IS the total universe of ARMS ... I don't know ... We'd need to know total arms within the 51.2 million ... The 5 million ARMS universe consisted of 3.7 million prime ARMS 2.1 million sub ARMS which does not add back to 5 million .... regards, John regards, John

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