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

To: Mike Johnston who wrote (76719)12/27/2006 2:18:41 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
'Where is bursting housing bubble and consumer defaults?'

I guess part of the Wall Street game to screw the crowd betting too heavily on the obvious?

No doubt C,BAC,WFC, JPM, CFC ect.. are starting to suffer from net interest margin squeeze and added reserves for credit losses. Look at Countrywide's REO website when you get a chance. Incredible. So much for the stock market discounting the next 6-12 months anymore<g>


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