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

To: ild who wrote (53834)	2/14/2006 3:08:39 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

Too many distractions this morning but I finally got a chance to go through some of the tables. firstamres.com It is actually an "excellent" report. It gave me a lot of simple charts and tables to digest. It is especially useful when they repeatedly use the equity percentages to illustrate their points. Of course, they made no distinction between on-paper equity and real equity, if the equity needs to be converted to cash. I would say under normal circumstances, you can take 10% off the paper equity if one needs to sell. Under any adverse market conditions, 20%+ percent may vaporize. So all you have to do is to move the bars accordingly to adjust for net equity and you can see how precariously the real estate market is dangling on the edge of the cliff. Soft landing? I think I may want to take the bet against.