Jun 24
Hi-fi quants are like pigs in a trough today, driving the market on horrible new home sales numbers just as State Street is back to its usual antics and (or as a result of which) Fidelity disclosing no IWM borrow available. In the meantime, Moody's has released its Credit Card Index update: charge off rates for May have now surpassed 10%. From the report : "These trajectories are both consistent with our revised expectation for the charge-off rate index to peak in the second quarter of 2010
