Whyyoushouldwalkaway,now...Regardlessofyourpaymentsituation
I'mcommittedtonorehashonthisblog.Thatis,noboringrepetitionofallthethingsyoualreadyknowaboutthehousingbust.
Ifyouboughtahousein2005-2006intheaffectedareasofthecountry,youmustwalkawayfromyourhouseandthesoonerthebetter.Itstheonlysanedecisionyoucanmakeasahumanbeing.Sanity,meaningtomakedecisionswhichareinyourbestinterest.
Here'syou...[阅读全文]
博文
(2007-12-18 21:02:36)
(2007-12-18 20:23:31)
(ZT)[北美新浪论坛]旅美华人成就感的扭曲与失落
在如今旅美华人心中最感失缺的东西是什么？湘君以为，既不是亲情，也不是文化氛围，而是一种说不出道不明的成就感。
有人说，中国的学校总是请大学者，大明星这样的知名人士来做报告，而美国的学校总是请警察，消防队员这样普通的公务员来做报告，美国的教育让人直面社会，服务社会，而中国的教育则让人以[阅读全文]
在如今旅美华人心中最感失缺的东西是什么？湘君以为，既不是亲情，也不是文化氛围，而是一种说不出道不明的成就感。
有人说，中国的学校总是请大学者，大明星这样的知名人士来做报告，而美国的学校总是请警察，消防队员这样普通的公务员来做报告，美国的教育让人直面社会，服务社会，而中国的教育则让人以[阅读全文]
(2007-12-18 18:05:24)
Howaretheygoingtogetthecatoutofthetree?...mannfm11
NEW12/18/200712:19:21PM TheECBandprobablytheFedaswellasshinniedupatalltreeandnowisnestledinbranchestoothinforrescuerstoclimb.Theremustbeonehellofalotofstuffforthebankstounloadiftheyneedthismuchmoney.Asminyanvillesaid,thisisadebtproblem,notaliquidityproblem.ABADdebtproblem.Lookslike$...[阅读全文]
(2007-12-18 01:03:15)
ALittleAcidTestforFed"Liquidity"
ByJohnP.Hussman,Ph.D.
Thestockmarketretreatedfromitsoverboughtpositionlastweek,astypicallyhappenswhenoverboughtconditionsoccurinunfavorableMarketClimates.Giventhatlastweek'sdeclineclearedthatoverboughtcondition,I'mbacktothemoretypicalpositionofhavingnospecificshort-termviews.Thatsaid,thereisoneparticularscenariothatwouldbeominousinmyview.Thatwouldbeifweseea...[阅读全文]
(2007-12-18 00:00:33)
Whatdoesthismarketfeellikeforplayersatgroundzero?IaskedtheheadofoneoftheleadinghedgefundshowhehadtradedhisportfolioWednesday,thedaythejointrescuepackagewasannounced.Heansweredthathehadstayedoutofthemarketbecausehewasn'tsurewhattodo.Tradesthatlookedsensibleat10a.m.wouldhaveturnedouttobemistakesbynoon."Ifsomeonewouldtakemeoutofallmypositions,longandshort,I'ddoit,"hesaid.Thisisthefinancialmarketequiv...[阅读全文]
(2007-12-17 23:28:35)
Moody'swarningripplesthroughmunicipalbondmarket
Anunprecedented90,000municipalsecuritiesmaybedowngraded,UBSsays
ByAlistairBarr,MarketWatch
Lastupdate:6:07p.m.ESTDec.17,2007
SANFRANCISCO(MarketWatch)--RecentratingactionsonbondinsurersbyMoody'sInvestorsServicearehavinganunprecedentedeffectonthemunicipalbondmarket,expertssaidonMonday.
Moody'sputthetriple-AratingsofFinancialGuarant...[阅读全文]
Anunprecedented90,000municipalsecuritiesmaybedowngraded,UBSsays
ByAlistairBarr,MarketWatch
Lastupdate:6:07p.m.ESTDec.17,2007
SANFRANCISCO(MarketWatch)--RecentratingactionsonbondinsurersbyMoody'sInvestorsServicearehavinganunprecedentedeffectonthemunicipalbondmarket,expertssaidonMonday.
Moody'sputthetriple-AratingsofFinancialGuarant...[阅读全文]
(2007-12-17 23:16:38)
Forcedliquiditydoesnotworkinreverse.smokey
NEW12/17/20077:16:28PM Inthecreditbubbleyears,thebankscouldloan$1Ktoahedgefund.
That$1Kwouldthenbeplacedinthebubblemarketswhichwouldmultiplythat$1Kto,say,$1.5Kontheirbooks.
That$1.5Kontheirbookscouldthenbeusedascollateraltoborrow$1.5Ktobeplacedinthebubblemarketswhichwouldthenm...[阅读全文]
(2007-12-16 22:58:58)
Krugman:Insolvencynotilliquidity...
12/16/20076:13:27PM OnWednesday,theFederalReserveannouncedplanstolend$40billiontobanks.Bymycount,it'sthefourthhigh-profileattempttorescuethefinancialsystemsincethingsstartedfallingapartaboutfivemonthsago.Maybethisonewilldothetrick,butIwouldn'tcountonit.
Inpastfinancialcrises-thestockmarketcras...[阅读全文]
(2007-12-16 22:09:28)
Bailingoutthebanksisonlyhalfthesolution.
Thebanksrunabusiness.Thatbusinessisprovidingcredittotheeconomy.
Iftheeconomyisnowfailingduetorisingpricesfornecessitiesanddebtsaturation,thenthebanks'businessmodelnolongerfunctions.Countywideisaprimeexample.
TheUSconsumeristhekey.Oncehestopsswipinghisplasticcards,theworldfinancialsystemisfinished.
TheborrowingoftheUSconsumerisbeingsqueezedfr...[阅读全文]
Thebanksrunabusiness.Thatbusinessisprovidingcredittotheeconomy.
Iftheeconomyisnowfailingduetorisingpricesfornecessitiesanddebtsaturation,thenthebanks'businessmodelnolongerfunctions.Countywideisaprimeexample.
TheUSconsumeristhekey.Oncehestopsswipinghisplasticcards,theworldfinancialsystemisfinished.
TheborrowingoftheUSconsumerisbeingsqueezedfr...[阅读全文]
(2007-12-16 20:56:35)
Whatisthefinancialproblem?mannfm11
NEW12/16/20078:00:33PM AsIreadmoreandmore,itoccurstomethatthegamehasbeen,Larry,CurleyandMoegettogetherandstartamoneymarketfund.Theygetanaccountatabankandalineofcredit.Theytakeindepositsandbuyhigheryieldingcrap,cyclingthemoneythroughthebanks,butneverreallyinit.Eventually,a$1millionlineofcreditataban...[阅读全文]
