{"id":199527,"date":"2007-07-19T18:31:00","date_gmt":"2007-07-19T23:31:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/07\/19\/whats-going-on-with-subprime-loans\/"},"modified":"2007-07-19T18:31:00","modified_gmt":"2007-07-19T23:31:00","slug":"whats-going-on-with-subprime-loans","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/07\/19\/whats-going-on-with-subprime-loans\/","title":{"rendered":"What&#8217;s Going On With Subprime Loans"},"content":{"rendered":"<p>I came across <a href=\"http:\/\/www.aleablog.com\/?p=329\">this post at Alea blog<\/a>, which has a picture worth <span style=\"font-weight: bold;\">many<\/span> thousands of words:<\/p>\n<p><img decoding=\"async\" style=\"width: 574px; height: 566px;\" src=\"http:\/\/img201.imageshack.us\/img201\/6899\/hc061af5.png\" \/><br \/>As you can see, the other loan default rates are at or below their levels in the 2001-2002 recession.<\/p>\n<p>The big question is whether the other default rates will follow subprime variable rates.<\/p>\n<p>My guess is yes, for at least 2 of the remaining 3.  Notwithstanding the Dow, we are headed for a slow down, and interest rates are going to have to rise.  They are still at or near historically, and unsustainably, low levels.<\/p>\n<p>With oil likely to break 90 by year&#8217;s end, and trillions in mortgage resets due to hit in the next few years, I see it as getting very, very bad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I came across this post at Alea blog, which has a picture worth many thousands of words: As you can see, the other loan default rates are at or below their levels in the 2001-2002 recession. The big question is whether the other default rates will follow subprime variable rates. My guess is yes, for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,1265],"tags":[],"class_list":["post-199527","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-housing-crash"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199527"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=199527"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199527\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}