Hussman’s weekly article is short and sweet.  One really only needs to look at the graphs to get a sense of future mortgage pain… but I definitely recommend reading the article.

http://www.hussmanfunds.com/wmc/wmc100315.htm

…it is an event that has just begun to occur with loans now hitting their resets…

I remain concerned that we could quickly accumulate hundreds of billions of dollars of loan resets in the coming months, and in that case, would expect to see about 40% of those go delinquent…

[IMFresets.jpg]

http://www.hussmanfunds.com/

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