Was related to ARM-loan exposures,
But more so of late
The relevant rate
Is the instance of factory closures.
Thanks to Nick Timiraos for his analysis of mortgage delinquencies and foreclosures in The Wall Street Journal.
A limerick's hard to complete/In the space of a typical tweet/Haiku, it is true/Are simpler to do/But not a remarkable feat. #NYCpoetweet— Dr. Goose (@DrGooseEcon) April 6, 2012