Bob, thanks for the inside information on the Bond market. If I read this right, you are suggesting that the Fed may have to reverse course and that the result would be that interest rates would go up. Maybe this is the next bubble. Interesting.
Also, thanks for the good news on the release of REOs in the future. Maybe we should start a new thread about that stuff, but what should we call it ? Hey, here’s a stab at coining a phrase. Let’s call it “shadow inventory”.