Shorting Home Equity Mezzanine Tranches
2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches
2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches
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Footnote Exhibits - Page 0933<br />
Strictly private & confidential<br />
Investment poured into the residential market has<br />
dramatically increased during the last decade<br />
900 -<br />
Housing recessions Peaked in 2005 Q4 at 802<br />
800 -<br />
0<br />
700 -<br />
c600 -<br />
U<br />
2600 -<br />
C3 C 0 400 -<br />
U-)<br />
0<br />
cN,- 300~<br />
C<br />
0<br />
200-<br />
100 -<br />
US Real Private Domestic Residential Investment (seasonally adjusted<br />
annual rate; constant 2005 Q4 dollars; Left axis)<br />
N /<br />
Real US Gross Domestic Product (seasonally adjusted<br />
annual rate constant 2005 Q4 dollars; Right axis)<br />
15<br />
12<br />
0<br />
a<br />
9 LO<br />
60c<br />
01<br />
----------- I- I<br />
1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005<br />
Source: Bureau of Economic Analysis, Bureau of Labor Statistics, Deutsche Bank<br />
Data as of end of Third Quarter 2006<br />
Deutsche Banik [<br />
All numbers shown in this presentation are indicative and are based on a sample portfolio. Actual numbers will be<br />
different and will depend on the actual portfolios selected.
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