Mish's Global Economic Trend Analysis Message Board

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

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To: mishedlo who wrote (102211)	9/19/2009 8:19:37 PM
From: SouthFloridaGuy	Read Replies (2) of 116555

Mish, a very good buy side bank analyst I speak to believes that "Strategic Defaults" will begin to fall if house prices have troughed - which appears to be the case - at least regionally. People are less incentivized to walk away if they believe house prices will begin to rise and/or they see it first hand. That's why the bull case has a lot of merit here, especially for the financials which are seriously over-capitalized if recent economic strength continues as tepid as it may be.

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