Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

Subprime for now

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As usual, Mish lays out the data and walks you though it. For now, this mess is called “Subprime,” named after the category of home buyer that doesn’t quite have high enough numbers (credit score or cash). Who knows what it will devolve into, but exect Congressional Hearings and newsprint sobstories on all the people that can’t finance a home, but WANT to.

http://globaleconomicanalysis.blogspot.com/2007/04/no-spillover-no-contagion-not.html

Edit/Addition: The number of loans at Harley Davidson for bikes that is more than 30 days past due is moving up. Trust the market. Do you think the market sniffed that out two months ago? Is that why Harley has slid from low $70’s to under $60?

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Written by heyercapital

April 2, 2007 at 9:52 am

Posted in macro econ

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