Slade,
You have a knack for simplification and clarity! Excellent presentation!
With a housing double-dip being called by many do you prognosticate a rate increase? I would think downward pressure on housing prices will result in reduced housing sales until a "perceived" bottom which might take some time.
If belt-tightening is insufficient and claims continue north then profit pressures will increase possibly affecting reserves. The only "out" would be rate increases.
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