Preferred stock is sending a warning signal.
Fannie and Freddie: Single Family Serious Delinquency Rate Decreased,
Multi-family Decreased in March
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Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie:
Single Family Serious Delinquency Rate Decreased, Multi-family Decreased in
March...
Well the narrative has finally changed. The fundamentals in all sectors across the planet have been horrible for years now, especially in the past few months, but last week seems to have been the time that the narrative has finally changed.
ReplyDeleteI think Ben Hunt's article on blue eye / green eye is relevant.
http://www.salientpartners.com/epsilontheory/post/2014/05/25/When-Does-the-Story-Break
Also for DB: http://vignette2.wikia.nocookie.net/adventuretimewithfinnandjake/images/1/14/Boy-that-escalated-quickly.jpg/revision/latest?cb=20120922113943