But stimulating what exactly?
Great post on Minyanville showing the stupidity that’s going on right now.
With federal stimulus money, things are going to get built all over the country that will add to current overcapacity.
The next wave
The next wave of Alt-A and Option ARMs pick up speed later this year. Be wary of apparent turnarounds this year…
IMF: Mortgage Reset Chart (at Calculated Risk)
The Mortgage Meltdown (60 Minutes)
Understanding Subprime with Bird and Fortune
Genius!