5.15.2007

REO Speedwagon

In keeping with the recent Countrywide bashing, let's take a look at Countrywide's growing Real Estate Owned (REO) portfolio. Dumb loans gone bad.

Uh-oh.

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QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...