Posted To: MBS Commentary

Everyone has a lot to digest right now. The average human on planet earth is no different from the entire financial market in that regard. We're undoubtedly already several weeks into the sharpest and broadest economic contraction any of us have seen in our lifetimes. Sound hyperbolic? It shouldn't. When else has every major metro area in every major (and minor) economy in the world had a reason to cancel a majority of its public events, close restaurants/bars/casinos/etc, cancel sports or spectating thereof, lay-off droves of employees? When else has all of that happened right at the same time, and been guaranteed to be an issue for at least 3-4 months in the very best case scenario? For all the people saying the world just needs to "rub some dirt on it and get back out there…(read more)

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Source: Mortgage News Daily