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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: carranza2 who wrote (49008)5/12/2009 4:18:22 AM
From: TobagoJack  Read Replies (1) of 217774
 
just in in-tray

Make sure you read the final part on the Commercial Mortgage Market, because the insights are important.

I state that because some might have eyes that glaze over on the comments on mortgage pre-payment speeds - which I find interesting in itself in regards to defaulted loans accelerating pre-payments due to the rules...

A good read:
annaly.com

And a great quote:
"Do we view the U.S. economy as a half-full glass or a half-empty glass? Our answer is that we see it as a glass that is twice as large as it should be. Our economy and our national balance sheet have been bulked up by the steroids of credit, and we are now witnessing what happens when we stop taking our steroids. The deflation in housing and many financial assets is occurring in the context of leveraged balance sheets. And nature abhors a balance sheet that doesn’t balance."

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