SD_R: Thanks. Since I have you on the line, what about the lag effect in reporting? My understanding on the majority of these numbers is that they are somewhat aged, meaning we are “looking in the rearview mirror” as regards some of these statistics.
Also, it appears that the real weight of the sub-prime resets is about to felt, starting in October 2007 and forward.
If this is true, and financing is both more difficult to acquire and more expensive once you do, and we are heading into the slow season, the real ugliness has yet to manifest itself, correct?
