Thursday, April 09, 2009

Entrant #8 - Captain Capitalism's 2009 Annual Chart Contest

From John

We're not out of the forest yet on this one.

4 comments:

Unknown said...

Heck, that's nothing compared to the coming CRE crash.

James said...

There is one thing I can't understand about all of these resets.

Aren't all of these resets a transition from a fixed teaser rate to an adjustable rate? Isn't that rate tied to LIBOR? Such as 2% points over LIBOR?

Isn't LIBOR currently at about 2%? So this means that all of these mortgage holders will have to make payments based on 4% rates? Unless the holder of the mortgage has to greatly increase principle payments, this doesn't seem like such a big deal.

James

Hot Sam said...

Great chart. It has a nice look forward at the magnitude of the mess that has to be cleaned up and the impotence of Oiwantmymama's foreclosure plan.

Ditto CRE. The numbers of see-through buildings, for lease signs, and closing sales are rising fast.

Unknown said...

I would like to submit the following chart for the contest:

History of Home ValuesI couldn't find an email address, so I decided to post it as a comment.