Next up: Commercial Loans to Bear Brunt of Future US Bank Losses – McKinsey expects  the US banking and securities industry to incur losses averaging $125 billion per quarter through 2010, with the bulk of it concentrated in commercial banking loans. … estimates that total credit losses on US-originated debt from mid-2007 through [...]

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‘Ferris Bueller’ pal’s home for sale – The Daily Herald reports: Remember the stunning Highland Park (IL)  home made famous by the 1986 movie “Ferris Bueller’s Day Off?” It’s on the market for $2.3 million. – Chicago Breaking News  -    Chicago Daily Herald   hat tip  John Lothian’s excellent newsletter
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  classic chart update [...]

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Charts from Wednesday’s Mortgage Massacre:

 
great charts: Yeah but this time I’ve got the money! – … Mortgage servicers sold intermediate/long rates, which drove rates higher, which brought out more mortgage hedge sellers. Now we are set with some very basic problems.  The Fed can’t keep mortgage rates at or below 5% with the [...]

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California To Eliminate All Welfare Programs? – … I don’t wanna get all Mad Max here. But it’s no stretch to say that social unrest is a real possibility at this point.  When social services start to fail, people get angry. And California’s economic situation couldn’t be much worse … – Bearish News.com
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To ‘Fix’ [...]

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