Every once in a while, when you say something negative, you get accused of being pessimistic. Some prefer a gentle, always-positive spin on things. A perfect example, is the Unemployment Rate–”well, at least 90% of people are still working.”
But there are some times when bad news can’t be spun, and this seems to be one of those cases. Mortgage delinquencies.I’ll let the pictures do the talking.
Oh, come on, let’s have some perspective. Surely it was worse when Texas real estate puked. Okay, here it is.