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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (48477)	12/30/2005 2:28:39 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

Russ, I sent MICA an inquiry before regarding the cure rate, questioning them on how the cure rate could be over a 100% back in the early 1990s when the market was so bad. They responded by saying that they only report the numbers and do not digest them. Cure rate of 80-85% is good, very good. Cure rate should be closer to zero when times are bad. That is what I suspect why the cure rate was so high back in the early 1990s when they call it a "cure" because the claim was paid in full. Ramsey