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...