Thisisn'taboutlosses,itisaboutcreditandloanavailability.Homeequityfinancedtherecoveryfollowingthetechbubble.ItfinancedtheconstructionofChinaandabouteveryotherthingaroundtheworld.Ifthecollateralholdsup,excesslossesinsubprimeandasfarasthatgoes,primewon'tbethatgreat.Theloansaren'ttheshorttermtrouble.Theyarethelongertermtrouble.
Whatsubprimedidwasallowtheblowingofamuchbiggerbubblethanpreviouslyp...[閱讀全文]
博文
(2007-07-27 20:06:57)
(2007-07-27 19:28:46)
Itseemstomethatmost(exceeding75%)ofthepurchasesubprimeswilldefault.
HereinSouthernCAwherepricesaveraged$500,000duringtheboomtimesthemajorityofthepurchaseswere80/20's.
Thesewere0downloanswhereALLthetermsarebad.The1stwasatateaserstartratewhichwastheONLYthinggoodabouttheloan.Theborrowercouldchooseeither2or3yearteaserrate.Onthe25thmonththeywouldturnintoanARMwithtypically61/2to7%marginwhichwasa...[閱讀全文]
HereinSouthernCAwherepricesaveraged$500,000duringtheboomtimesthemajorityofthepurchaseswere80/20's.
Thesewere0downloanswhereALLthetermsarebad.The1stwasatateaserstartratewhichwastheONLYthinggoodabouttheloan.Theborrowercouldchooseeither2or3yearteaserrate.Onthe25thmonththeywouldturnintoanARMwithtypically61/2to7%marginwhichwasa...[閱讀全文]
(2007-07-26 23:10:19)
名人談愛國來源:黑窯主於07-07-2612:42:21[檔案][博客] [舊帖][轉至博客][給我悄悄話]
每當一個國家的政治、經濟出現重大危機的時候，愛國主義的破旗就又散發出臭味來。
——列寧
愛國主義是無賴最後的避難所。
——塞繆爾·約翰遜（SamuelJohnson1）
愛國主義就是積極地為了微不足道的原因殺人並被殺。
——勃特蘭"羅素
愛國主義是超越於原則之上的[閱讀全文]
(2007-07-26 21:08:15)
Stampedeofanimalsawayfromthewateringhole
TycoElectronicscanceledabondoffering.DAEAviationHoldingsInc.scrappedplansforaloan.Credit-defaultswapsonGoldmanSachsGroupInc.andBearStearnsCos.rosetorecordsonconcernsinvestmentbankswillbestuckwithhigh-riskdebtthattheyareunabletosell.
RiskpremiumssurgedafterAbsoluteCapitalGroupLtd.,anAustralianhedgefund,suspendedwithdrawalsfromtwofundsafterforecasting...[閱讀全文]
TycoElectronicscanceledabondoffering.DAEAviationHoldingsInc.scrappedplansforaloan.Credit-defaultswapsonGoldmanSachsGroupInc.andBearStearnsCos.rosetorecordsonconcernsinvestmentbankswillbestuckwithhigh-riskdebtthattheyareunabletosell.
RiskpremiumssurgedafterAbsoluteCapitalGroupLtd.,anAustralianhedgefund,suspendedwithdrawalsfromtwofundsafterforecasting...[閱讀全文]
(2007-07-26 20:06:43)
Bigturtle'sreply:
AgainstMiltonFriedmen'scomplain,FEDandpresdientHooverintervenedheavilyafterthe1929crash.FEDloweredofficialinterestratetonegative(yes,belowzero),andkeptatzeroforsometime.Didthiscurethemarket?NottomentionBOJ'szerorateonlysendprecicouscapitaloverseas.
Yes,Virginia,itmakesmoresensetodoYencarrytradethentoinvestinJapantobuilduplocaleconomy.MyhumbleviewtopatrioticJapanese...[閱讀全文]
AgainstMiltonFriedmen'scomplain,FEDandpresdientHooverintervenedheavilyafterthe1929crash.FEDloweredofficialinterestratetonegative(yes,belowzero),andkeptatzeroforsometime.Didthiscurethemarket?NottomentionBOJ'szerorateonlysendprecicouscapitaloverseas.
Yes,Virginia,itmakesmoresensetodoYencarrytradethentoinvestinJapantobuilduplocaleconomy.MyhumbleviewtopatrioticJapanese...[閱讀全文]
(2007-07-26 00:46:11)
Money,MoneyEverywhere
andNotaPennytoInvest….TolistentotheexpertsonWallStreet,youwouldbelievethattheinvestingworldisawashwithdeeppoolsofun-investedcashandbeinghitwithwavesofnewcasheachmonth.Notquite.Let’sfirstbackupanddefinesomeofthetermswewillbeusingandwhattheymeantotheeconomyandthemarkets.Backgroundanddefinitions
Liquidity
Cash,orliquidity,isthefuelthatkeepsboththeeconomygoingandsen...[閱讀全文]
(2007-07-26 00:21:06)
Wednesday,July25,2007
JustOneNoteOnTheMarket'sAction......
ThebullswillobviouslypointtoApple'safterhoursaction,andAmazon'syesterday,as"proof"thatTheBullisAliveAndWell.
Ohreally?
Letmepointsomethingouttoyouguystoday.OnadaywheretheNasdaqNDX(BigcapNasdaq100)wasup1/2%,10.59points,decliningissuesbeatadvancersby45:55.
OntheS&P,whichgained0.47%today,onceagainadvancerslosttodecline...[閱讀全文]
JustOneNoteOnTheMarket'sAction......
ThebullswillobviouslypointtoApple'safterhoursaction,andAmazon'syesterday,as"proof"thatTheBullisAliveAndWell.
Ohreally?
Letmepointsomethingouttoyouguystoday.OnadaywheretheNasdaqNDX(BigcapNasdaq100)wasup1/2%,10.59points,decliningissuesbeatadvancersby45:55.
OntheS&P,whichgained0.47%today,onceagainadvancerslosttodecline...[閱讀全文]
(2007-07-25 23:23:58)
令人心驚的奢靡之風
發布者lq在07-07-2507:23
請您惠顧讚助商
鼓勵其長期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
江迅
曾看到一幅照片，煤礦老板女兒出嫁，租用１０多輛超長林肯轎車排長龍，花半天時間在都市大街遊行炫耀，引起當地民眾一陣驚歎；聽說北京商場的一隻名表，標價１０萬元人民幣，乏人問津，老[閱讀全文]
發布者lq在07-07-2507:23
請您惠顧讚助商
鼓勵其長期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
江迅
曾看到一幅照片，煤礦老板女兒出嫁，租用１０多輛超長林肯轎車排長龍，花半天時間在都市大街遊行炫耀，引起當地民眾一陣驚歎；聽說北京商場的一隻名表，標價１０萬元人民幣，乏人問津，老[閱讀全文]
(2007-07-25 18:31:35)
Defaultsonsomeso-calledAltAmortgagespackagedintobondslastyeararenowoutpacingthosefromsubprimeloans,accordingtoCitigroupInc.
Thethree-monthconstantdefaultratefor2006AltAhybridadjustable-ratemortgagesis2.3percent,comparedwith2.2percentforsubprimeARMs,NewYork-basedCitigroupanalystsledbyRahulParulekarwroteinaJuly20report.Thefiguresrepresentthepercentageofbalancesinamortgage-bondpoolexpectedtodefau...[閱讀全文]
Thethree-monthconstantdefaultratefor2006AltAhybridadjustable-ratemortgagesis2.3percent,comparedwith2.2percentforsubprimeARMs,NewYork-basedCitigroupanalystsledbyRahulParulekarwroteinaJuly20report.Thefiguresrepresentthepercentageofbalancesinamortgage-bondpoolexpectedtodefau...[閱讀全文]
(2007-07-25 00:37:37)
"Weareexperiencinghomepricedepreciationalmostlikeneverbefore,withtheexceptionoftheGreatDepression,"saidCEOAngeloMoziloofCFC.[閱讀全文]
