likethe1987panic,exceptbondrateshaven'trisen.Backthethedollarkeptfalling.Ithinkthebullskeptcheeringuntilitwasapparentitwasfallingfasterthanthetradeanddollarvaluescouldactuallygoup.Weakdollarisn'tgoingtobalancetradeifitmeansoilgoesoffthechart.Oncetheliquiditycrisishits,ithinkthedollarrallies.Astrongerdollarprobablyrepricesthemarketlower.Nojokehere.Thereisgoingtobearealstruggletogetenoughdollarsbefo...[
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Theproblemistheloanwasjunktostart.Plus,lowpricinganARMmakessensewhenratesareup,butpricingitlowwhenratesareatgroundzeroisanothermatter.Iftheyqualifiedthesebuyersonanythingbutthefullyindexedrate,thestuffwasjunktostart.Backinthe1980's,peopleranintotroublewithARM'sandyoumightrecallthatingoodhousingmarkets,priceswererisingliketheywereinCaliforniathistimearound.Compensationwasalsorisingfastandtheyhadsom...[
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Noonewantstoseetheskyfalling.
Eithertheyareafraidthatcloudswillcomefallingdownontheirparade.
Or...
Theyaresonumbedbythe"skyisfalling"prognosticatorsthattheystoplookingup.
Theproblemwithrefusingtolookup,isthatperceptionisthenlimitedtowhatmanhasdonetokeeptheskyfromfallingwhentheskywasnotreallyfalling.Onecloudhereandtherewaspreventedfrommessingupsomeone'ssuit.
TheFeduptonow,hasmet...[
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TheCreditmeltdownisnowmovingtoofastandfurious.Importantly,confidenceisfalteringfortheentireCreditinsuranceindustry,includingthemortgageinsurersandthefinancialguarantors.Thisisadevastatingblowforthesecuritizationmarketplace,alreadyreelingfrompricing,liquidityandtrustissues.TheCreditsystemhaslurchedtotheedgeofmeltdown,whiletheeconomyhasn’tevenasyetsuccumbedtorecession.It'sabsolutelyscary.LastweekIw...[
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知青该忏悔吗?
发布者guzheng在07-11-0307:54
请您惠顾赞助商
鼓励其长期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
·guanzhong·
最近读了CND发表的关于1977年知青参加高考的文章,例如禾子的《三十年前,在那遥远的地方》和78级《左派幼雅病——记77年高考》等。这些用朴实[
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Seriousstatisticalscroomagerasputin
NEW11/3/20076:31:59AM SinceDaBoyzatCitiarehavingan“EmergencyMeeting”thisweekend,IthoughtIwouldconvenemyownsuchmeetingatthecybercafe'thismorning.MyreasoningisthatifTHEYaresufficientlyterrifiedthattheyneedtoblow-offaweekendattheHamptonstofranticallytrytofigureouthownottorevealthattheyarebankrupt,t...[
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傲慢与偏见
作者:阿一
盛行“知识越多越反动”时代早已过去数十年了,但这种时代的变异现象,
现在又有死灰复燃之势(似乎从未消失过)。在当今社会转型时期,“越反动”
的人似乎大多出现在“知识越多”的人群当中,他们对一些社会问题的言谈举止
往往表现为傲慢与偏见,我们一般称之为“知识分子”。而他们之所以为人所关
注,[
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西南联大70周年悼念中国大学
梁龙
今天是西南联大成立70周年(1937.11.1-2007.11.1),这所只维持了8年的大
学培养的大家,在长达半个多世纪的时间里,支撑着中国学术的天空。这样的成
绩,是其后70年中国所有大学培养人才的总合都无法企及的。
悲哀的是,在那8年之后,西南联大独立,自由的精神没能在中国这片土地
延续下去。在那之后,强加到中国的大学上[
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RoundTwooftheCreditCrunch
ThecreditcrisisthissummerendedupwiththeFedandcentralbanksworldwideaddingmassiveamountsofliquidityintothesystem.Thislasttwoweekshaveseenonebankafteranothermakelargewrite-downsofsubprimedebtontheirbooks.Merrillfoundafewbilliondollarsmoreinlossesthantheyhadonlyafewweeksago.MybetisthatCitiwillfindalotmoreaswell.
TheproblemisthatmoreandmoreCDOsandotherformsofmortgagede...[
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DissectingaCDOsausage.rasputin
NEW11/1/20072:31:25PM C'mon,admitit.
YouREALLYwanttoknowwhatkindoffat,grissle,andsawdusthasbeengroundintotheserottingCDOsausages,don'tyou?Butyou'retoobusyanddistractedwithtryingtomaintainyoursanitytopokearoundinthedark,dankdungeon-likekitchenwherethesethingsareconstructed.
Well,leaveituptoRasto...[
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