Man, I hate when mortgage defaults are brought up in conversations like this. The next frustration in the economic boom-bust cycle is 99% likely to NOT come fro

Man, I hate when mortgage defaults are brought up in conversations like this. The next frustration in the economic boom-bust cycle is 99% likely to NOT come from mortgage-backed securities or anything mortgage-based. Yes, we understand it triggered the 2008 recession. No, it probably won't be the canary in the coalmine for the next one.