Posted in Bankruptcy, CMBS, Equities, Foreclosure, Herd Mentality, Liquidity, Recession, Subprime, U.S. on September 27, 2007 | Leave a Comment »
Roubini came out with a great post today on the housing market. Read the full article here. This quote is spot on:
The stock market is still blissfully ignoring the onslaught of lousy macro news deluding itself that the Fed easing – and more to come – will rescue the economy from a hard [...]
Posted in CMBS, Fixed Income, Herd Mentality, Interest Rates, Investment Banks, Liquidity, U.S. on September 23, 2007 | Leave a Comment »
MarketWatch has an article today about the slowdown in both equity and debt capital markets.
$569 billion worth of deals were announced across the world in July, but that slumped to $227 billion in August, Dealogic data show.
This month, $99 billion of deals were unveiled through Sept. 18. That’s roughly $45 billion below the same period last [...]
Posted in Bankruptcy, CMBS, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Recession, Subprime, U.K., U.S. on September 21, 2007 | Leave a Comment »
September 20, 2007 (Socialist Party) – For ten years Gordon Brown has claimed that New Labour have created economic stability, overcoming capitalism’s “cycle of boom and bust”. In the last week this claim has been shattered.The Northern Rock crisis, the first full-scale bank run in Britain for over a century, has laid bare the reality [...]
Posted in CMBS, Foreclosure, Interest Rates, Real Estate, Recession, Subprime, U.S. on September 16, 2007 | Leave a Comment »
It is not just the number of foreclosures that matter. In fact, many of the current foreclosures are not in prime real estate markets, but rather in secondary markets such as Riverside County (California), Ohio, Atlanta, Michigan, and other non-prime areas. Real estate prices have actually held up relatively well in major population areas such as San Francisco, Los [...]
Posted in Currencies, Gold, Herd Mentality, Interest Rates, Recession, Silver, U.S. on September 10, 2007 | Leave a Comment »
We are still significantly overweight in gold stocks, in particular GLD. While it is difficult to guess what the Fed will do on September 18th, in either a largely deflationary or inflationary environment gold performs well. Given that the dollar has broken through the psychological 80 level and global central banks continue to print money [...]
Posted in Australia, China, Energy, Natural Gas, Peak Energy, Resource Wars on September 10, 2007 | Leave a Comment »
September 7, 2007 (Bloomberg) WOODSIDE Petroleum’s proposed Browse liquefied natural gas project, should it proceed, may be worth as much as $12 a share for the oil and gas producer, the broker UBS said.The West Australian project, which on Thursday signed up China’s PetroChina as its first customer, encouraged UBS to raise its 12-month share [...]
Posted in Bankruptcy, CMBS, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Real Estate, Recession, Subprime, U.S. on September 8, 2007 | 2 Comments »
Countrywide to Cut As Many As 12,000 Jobs Because Company Sees 2008 Loan Originations Dropping
September 7, 2007 – LOS ANGELES (AP) — Struggling lender Countrywide Financial Corp. will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry, the company said Friday. The cuts, amounting to as [...]
Posted in Bankruptcy, CMBS, Federal Reserve, Interest Rates, Liquidity, Recession, U.S. on September 7, 2007 | 1 Comment »
This man should be jailed for the multi-trillion dollar credit bubble he masterminded. And now he’s getting paid by Deutsche Bank and PIMCO for his “consulting” work? Fraudulent.
Adding to discomfort on Wall Street, former Fed Chairman Alan Greenspan said recent market turmoil is “identical” in many ways to what happened in the stock market crash of [...]
