Thisisn'taboutlosses,itisaboutcreditandloanavailability.Homeequityfinancedtherecoveryfollowingthetechbubble.ItfinancedtheconstructionofChinaandabouteveryotherthingaroundtheworld.Ifthecollateralholdsup,excesslossesinsubprimeandasfarasthatgoes,primewon'tbethatgreat.Theloansaren'ttheshorttermtrouble.Theyarethelongertermtrouble.
Whatsubprimedidwasallowtheblowingofamuchbiggerbubblethanpreviouslyp...[阅读全文]
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...[阅读全文]
HereinSouthernCAwherepricesaveraged$500,000duringtheboomtimesthemajorityofthepurchaseswere80/20's.
Thesewere0downloanswhereALLthetermsarebad.The1stwasatateaserstartratewhichwastheONLYthinggoodabouttheloan.Theborrowercouldchooseeither2or3yearteaserrate.Onthe25thmonththeywouldturnintoanARMwithtypically61/2to7%marginwhichwasa...[阅读全文]
(2007-07-26 23:10:19)
名人谈爱国来源:黑窑主于07-07-2612:42:21[档案][博客] [旧帖][转至博客][给我悄悄话]
每当一个国家的政治、经济出现重大危机的时候，爱国主义的破旗就又散发出臭味来。
——列宁
爱国主义是无赖最后的避难所。
——塞缪尔·约翰逊（SamuelJohnson1）
爱国主义就是积极地为了微不足道的原因杀人并被杀。
——勃特兰"罗素
爱国主义是超越于原则之上的[阅读全文]
(2007-07-26 21:08:15)
Stampedeofanimalsawayfromthewateringhole
TycoElectronicscanceledabondoffering.DAEAviationHoldingsInc.scrappedplansforaloan.Credit-defaultswapsonGoldmanSachsGroupInc.andBearStearnsCos.rosetorecordsonconcernsinvestmentbankswillbestuckwithhigh-riskdebtthattheyareunabletosell.
RiskpremiumssurgedafterAbsoluteCapitalGroupLtd.,anAustralianhedgefund,suspendedwithdrawalsfromtwofundsafterforecasting...[阅读全文]
TycoElectronicscanceledabondoffering.DAEAviationHoldingsInc.scrappedplansforaloan.Credit-defaultswapsonGoldmanSachsGroupInc.andBearStearnsCos.rosetorecordsonconcernsinvestmentbankswillbestuckwithhigh-riskdebtthattheyareunabletosell.
RiskpremiumssurgedafterAbsoluteCapitalGroupLtd.,anAustralianhedgefund,suspendedwithdrawalsfromtwofundsafterforecasting...[阅读全文]
(2007-07-26 20:06:43)
Bigturtle'sreply:
AgainstMiltonFriedmen'scomplain,FEDandpresdientHooverintervenedheavilyafterthe1929crash.FEDloweredofficialinterestratetonegative(yes,belowzero),andkeptatzeroforsometime.Didthiscurethemarket?NottomentionBOJ'szerorateonlysendprecicouscapitaloverseas.
Yes,Virginia,itmakesmoresensetodoYencarrytradethentoinvestinJapantobuilduplocaleconomy.MyhumbleviewtopatrioticJapanese...[阅读全文]
AgainstMiltonFriedmen'scomplain,FEDandpresdientHooverintervenedheavilyafterthe1929crash.FEDloweredofficialinterestratetonegative(yes,belowzero),andkeptatzeroforsometime.Didthiscurethemarket?NottomentionBOJ'szerorateonlysendprecicouscapitaloverseas.
Yes,Virginia,itmakesmoresensetodoYencarrytradethentoinvestinJapantobuilduplocaleconomy.MyhumbleviewtopatrioticJapanese...[阅读全文]
(2007-07-26 00:46:11)
Money,MoneyEverywhere
andNotaPennytoInvest….TolistentotheexpertsonWallStreet,youwouldbelievethattheinvestingworldisawashwithdeeppoolsofun-investedcashandbeinghitwithwavesofnewcasheachmonth.Notquite.Let’sfirstbackupanddefinesomeofthetermswewillbeusingandwhattheymeantotheeconomyandthemarkets.Backgroundanddefinitions
Liquidity
Cash,orliquidity,isthefuelthatkeepsboththeeconomygoingandsen...[阅读全文]
(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...[阅读全文]
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...[阅读全文]
(2007-07-25 23:23:58)
令人心惊的奢靡之风
发布者lq在07-07-2507:23
请您惠顾赞助商
鼓励其长期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
江迅
曾看到一幅照片，煤矿老板女儿出嫁，租用１０多辆超长林肯轿车排长龙，花半天时间在都市大街游行炫耀，引起当地民众一阵惊叹；听说北京商场的一只名表，标价１０万元人民币，乏人问津，老[阅读全文]
发布者lq在07-07-2507:23
请您惠顾赞助商
鼓励其长期支持CND
QualityBrand!
CNDAmazon
Cameras,Books...
江迅
曾看到一幅照片，煤矿老板女儿出嫁，租用１０多辆超长林肯轿车排长龙，花半天时间在都市大街游行炫耀，引起当地民众一阵惊叹；听说北京商场的一只名表，标价１０万元人民币，乏人问津，老[阅读全文]
(2007-07-25 18:31:35)
Defaultsonsomeso-calledAltAmortgagespackagedintobondslastyeararenowoutpacingthosefromsubprimeloans,accordingtoCitigroupInc.
Thethree-monthconstantdefaultratefor2006AltAhybridadjustable-ratemortgagesis2.3percent,comparedwith2.2percentforsubprimeARMs,NewYork-basedCitigroupanalystsledbyRahulParulekarwroteinaJuly20report.Thefiguresrepresentthepercentageofbalancesinamortgage-bondpoolexpectedtodefau...[阅读全文]
Thethree-monthconstantdefaultratefor2006AltAhybridadjustable-ratemortgagesis2.3percent,comparedwith2.2percentforsubprimeARMs,NewYork-basedCitigroupanalystsledbyRahulParulekarwroteinaJuly20report.Thefiguresrepresentthepercentageofbalancesinamortgage-bondpoolexpectedtodefau...[阅读全文]
(2007-07-25 00:37:37)
"Weareexperiencinghomepricedepreciationalmostlikeneverbefore,withtheexceptionoftheGreatDepression,"saidCEOAngeloMoziloofCFC.[阅读全文]
