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Sunday, October 21, 2007

Future Mortgage Resets

Menzie Chinn is distressed:

Distressing Picture of the Day, by Menzie Chinn: From the IMF's September Global Financial Stability Report:

reset.jpg
Figure 1.7: from IMF's September Global Financial Stability Report:

The subprime resets in 2008 should put to rest the notion that the housing market's troubles are soon to be put behind.

    Posted by on Sunday, October 21, 2007 at 07:56 PM in Economics, Financial System, Housing | Permalink  TrackBack (0)  Comments (4)

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