Morgan Stanley: Strategic Mortgage Defaults Reach 12%
• Nakedcapitalism.com/“There’s another big leg down,” he said. “You can’t have much of a rally when you’ve got this big overhang.”
“There’s another big leg down,” he said. “You can’t have much of a rally when you’ve got this big overhang.”
Whoa! That's.....something we need to add as a factor from now on. That's a pretty serious market input now. The "strategic default" rate is gonna be an inventory input from now until...las vacas regressan ala casa.