It's about time!
"Premature accumulation" - I LOVE that!
Apologies for the gap in posting, but life caught up with me again. I've been working to dig out of a real estate foibles for the past few weekday mornings. I guess that'll be the subject of another post. And I plan to respond to Teresa Lo's comment at length, which means taking some time to actually craft an intelligent response.
Anyway, I liked that quote so much I had to post it. However, I think default rates are going to hit record levels in this recession. You can figure out for yourselves what that generally means, from a portfolio perspective.