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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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John Pitera
To: John Pitera who wrote (92266)6/14/2013 6:38:18 AM
From: dealmakr 1 Recommendation  Read Replies (3) of 119358
 
Hi John,

I remember when Meredith Whitney made her call on the looming crisis in the state of the muni & state gov bond market and how dire things were looking and then the market proceeded to go on quite the run with the Fed on the stimulus gas pedal and no thoughts about any risk

Looking at the data available and doing some back of the envelope calculations, its pretty easy to see how things will turn out in some of these based upon trying to analysis on the cash flows just like when you are looking at how a private company is run. Even though they have the ability to raise revenue by taxation or fee increases in some cases the numbers just don't add up by actuarial standards in some of the more risky areas.

I just think that Meredith was early to the party and her warnings mostly fell upon deaf ears.

Good trading

dealmakr
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