tag:blogger.com,1999:blog-6616959642391988608.post1261730705843087204..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Housing starts vs permitsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-1304190280372750342010-01-21T12:36:07.803-08:002010-01-21T12:36:07.803-08:00I think I've mentioned before that TBT was not...I think I've mentioned before that TBT was not working out as well as I had hoped. It hasn't done very well for quite awhile, and is not designed to do well in an environment where rates see-saw up and down even in a rising trend. My enthusiasm for TBT has gone down, even though I continue to think T-bond yields are in a rising trend.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82484681279285075022010-01-21T08:44:34.803-08:002010-01-21T08:44:34.803-08:00Scott, somewhat off-topic, but what are your curre...Scott, somewhat off-topic, but what are your current thoughts on interest rates and TBT?Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41300507223074455122010-01-21T05:43:39.051-08:002010-01-21T05:43:39.051-08:00Scott,
Won't the number of foreclosures comin...Scott,<br /><br />Won't the number of foreclosures coming on the market continue to not only depress prices but also limit new home construction? Do you have numbers or can you point to a resource that addresses the number of homes in foreclosure and preforeclosure (there is term for that which I have forgotten). TIA<br /><br />BobBobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54917455542946400332010-01-21T00:05:32.683-08:002010-01-21T00:05:32.683-08:00Thank you I am an old bond trader
and sometimes ge...Thank you I am an old bond trader<br />and sometimes getting information on some of these esoteric securities is very difficult. I wish there was greater transparency on these securities so<br />that more of the investing public<br />could understand.broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31893801635151825242010-01-20T14:45:53.336-08:002010-01-20T14:45:53.336-08:00Unfortunately I don't have any specifics on th...Unfortunately I don't have any specifics on this. I got the information from a trusted source. We were talking about non-agency asset-backed securities in general and how prices have been moving up impressively over the past few months. We then turned to the housing market and he mentioned that default assumptions built into the current prices of non-agency securities were driven by a view Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17497621393518667792010-01-20T12:15:53.206-08:002010-01-20T12:15:53.206-08:00Is the securities that are pricing a further fall ...Is the securities that are pricing a further fall of of 15%... ALT-A securities or could you<br />tell us the type that you are talking about?broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com