Thursday, August 9, 2007

Ongoing Subprime Woes

Fed Chief Confirms Housing Predictor Forecast - that more than 2 million homes will be foreclosed as a result of the sub prime lending crisis

The Mortgage Mess - STUPID LENDERS making stupid loans to stupid borrowers. What is to be done?

BNP freezes funds in sub-prime shock - "The complete evaporation of liquidity in certain market segments of the US securitisation market has made it impossible to value certain assets fairly regardless of their quality or credit rating"

Global Liquidity Defined - "What do they mean when they talk about global liquidity drying up?"

Subprime meltdown can cause a massive crash in stocks, dollar, and long bond - Bear Stern’s disastrous subprime investments were just tips of the icebergs

Money is Also Destroyed - If money can be created from thin air, the opposite is also true

Yen rallies as investors spooked again by risk - Low-yielding yen jumps, high-yielding Aussie and NZ dollar crumbles

Are We at The Peak of a Minsky Credit Cycle? - "It is always risky to call an equity market peak and the beginning of a bear market in equities"

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