Skip to main content

View Diary: Timing the next crash (35 comments)

Comment Preferences

  •  Agree, the Fed is the market maker for MBS (3+ / 0-)
    Recommended by:
    gjohnsit, PrahaPartizan, greenearth

    But most of those MBS' were bought after the crash, so the quality is much, much better than before the crash.  In fact, they would almost be foolish to try and unwind them since they're making a monthly profit.  Just hold them till the loans reach maturity.  But there are plenty of WS firms that would pay very good money for those MBS' now.

    In my neck of the woods, we're actually experiencing another housing bubble.  Prices climbed over 10% last year.  The Fed actually needs to cut back on it's purchases just to cool some of these markets off.

Subscribe or Donate to support Daily Kos.

  • Recommended (148)
  • Community (64)
  • Elections (43)
  • Civil Rights (37)
  • Culture (32)
  • 2016 (32)
  • Baltimore (28)
  • Texas (27)
  • Law (27)
  • Economy (27)
  • Environment (26)
  • Bernie Sanders (26)
  • Hillary Clinton (24)
  • Labor (23)
  • Rescued (21)
  • Barack Obama (20)
  • Health Care (20)
  • Republicans (18)
  • Freddie Gray (17)
  • International (17)
  • Click here for the mobile view of the site