09 August 2007

Easy Money Fun World


Death Of The Consumer.

Wow, so here we are with some actual volatility...the big V. Credit markets pretty much frozen...Residential mortgage market...real estate standstill. Alt-A, no no, no No-Doc and Jumbo...no. Owner-occupied? No. No...
So the spigot is shut off. No more refi's, cashouts or consolidation loans...no more signature loans...no more nothing...shut down.

Washout. We probably don't see that until a brand name folds or sells. Who's it going to be?

CFC, WM, BSC?


Driving me crazy. Not trading...

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