tag:blogger.com,1999:blog-6714063.post7406362938862042792..comments2023-10-09T00:45:55.603+09:00Comments on Shisaku: A Palpably False SpringMTChttp://www.blogger.com/profile/04626942240117432624noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6714063.post-8506685156413305272009-05-12T10:54:00.000+09:002009-05-12T10:54:00.000+09:00Well, we managed two and a half years of official ...Well, we managed two and a half years of official zirp in our own backyard, and de facto rather longer than that.. My bet is that US rates stay low enough to significantly ease, even if it doesn't eliminate, the reset issue.Chris (i-cjw.com)http://www.i-cjw.comnoreply@blogger.comtag:blogger.com,1999:blog-6714063.post-75320947632692150792009-05-12T04:53:00.000+09:002009-05-12T04:53:00.000+09:00Chris -
But what is the likelihood that the cent...Chris - <br /><br />But what is the likelihood that the central bank rates will stay low enough for long enough to clear all of the backlog of resets? Three years is a heck of a long time for a ZIRP.MTChttps://www.blogger.com/profile/04626942240117432624noreply@blogger.comtag:blogger.com,1999:blog-6714063.post-23451548039259872322009-05-11T20:27:00.000+09:002009-05-11T20:27:00.000+09:00One thing to note is that a large number of ARMs/A...One thing to note is that a large number of ARMs/Alt-As/adjustables, etc, are, and will continue to, reset *below* their present rate due to low rates in the US and elsewhere. I have friends back in the UK for whom this is happening - they are paying substantially less now than they were during the "teaser" period. It makes a considerable difference to their personal liquidity profiles...Chris (i-cjw.com)http://i-cjw.comnoreply@blogger.com