Tuesday, September 22, 2009

Conspiracy Theory!!

This is bizarre. According to ZeroHedge, ISI’s Carrie Butler reports that the Fed is no longer publishing MEW (Mortgage Equity Withdrawal) data.

MEW is the amount of equity that consumers withdraw from their homes through home equity loans or lines of credit and cash-out refinances.

I have no idea what could be going on with that number that the Fed would block publication of it. Are they trying to make it more difficult for outsiders to forecast a new bubble? Without this data, it does make it more difficult to understand how leveraged homeowners are.

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