Be advised MEXS faces the same conundrum as EWT and MEXS is trading near its all-time low as we write this.
Lenders' write-offs have been surprisingly low during the latest downturn, largely because interest rates are low and house prices high.
The fast write-off was replaced with the low income housing credits which required re-engineering of deal structures.
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The others were asked to write about an experience of high or low power where they did not feel their power (or lack of it) was legitimate.
"I cannot conceive of people calling this a dull place, " Harriet Low, an American woman, would write to her sister in 1829.
An assembly language is a low level language and it is tedious to write applications in it compared to high-level languages.
With corporate debt defaults low these days, the temptation is high to write insurance policies on bonds.
However, investors will continue to write LIBOR floors into the loans they buy to compensate them for low lending benchmarks.
This low valuation suggests that Wall Street believes BAC faces a massive further write-down of its mortgage portfolio.
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No, in the post-Madoff era they were lying low, but they were launching a virtual film center, and I could write for the new site when it took wing.
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Half of 105 participants were asked to write about a past experience in which they had legitimately been given a role of high or low power.
Russia's private-sector creditors have agreed to write off more than a third of the debt, swapping the rest for long-dated, low-interest Eurobonds.
To some people, including, almost certainly, those who write the headlines in the Daily Express, the fact that the same phenomenon might explain either record low sea ice or continued recovery of sea ice will be seen as inconsistency, poor science, or something more suspect.
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We note low inventories, low real interest rates, rational consumer resilience, high levels of bank cash (since the write-downs are generally non-cash accounting entries), small business flexibility and reasonable output gains apart from housing, autos and finance.
The former number is big because banks are thriving in the low-interest rate environment, but the latter is small or minus because it comes after the write-offs of bad loans.
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