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

To: James M. Belin who wrote (61100)	5/16/2006 12:06:50 PM
From: John Vosilla	Respond to of 110194

"..But he believes that the market is deteriorating......With respect to mortgages that have been or will be reset, at least in the mortgage broker office in which his wife works, there has not yet been a tidal wave of problems." That appears to be the common theme these days in bubble markets, almost all of which have slowed down dramatically with rising inventory and now a decline in prices if you are serious about selling. Now a question of when homeowner distress finally picks up once the inability to continue tapping credit to fund lifestyle and cash flow becomes a serious issue.. Could it come in waves over a period of years like in the heartland or will we get a sudden avalanche within 2-3 quarters?