As part of this review, we assumed losses for defaulted loans that
closed during the second half of 2005 at a level of 40%, and for those that
closed during 2006 at a level of 45%.
Well, Well, Well. DOW has finished down by 2.6% today.
Well if you're leveraged in to a fund of funds that leverages in to other leveraged funds that buy securities that represent shares of a fund that uses leverage to buy stock swaps, then it's more like a 260% decline.
Welli, Welli, Well. They now think BRIC will maybe sink us instead of saving us. All because we will not be able to buy all those goods on credit. Oh my.....
Welli, Welli, Well. They now think BRIC will maybe sink us instead of saving us.
It will be interesting to see if the dollar rally as money is repatriated to the US by Americans if we get a melt down in emerging markets. May take the shine off of oil and gold if that happens.
"Well if you're leveraged in to a fund of funds that leverages in to other leveraged funds that buy securities that represent shares of a fund that uses leverage to buy stock swaps, then it's more like a 260% decline."
Are there 'traders' or 'black boxes' that really do this? Yow
Good to see that the mighty PPT/I-bank cabal, as much as they tried as evidenced by nice volumes on the S&P futures, could not pull out another 'save.'
The rumor I heard was about Global Alpha, but GS came out after the close and "categorically denied" there were problems. I guess that's better than uncategorically...
Welli, Welli, Well. They now think BRIC will maybe sink us instead of saving us. All because we will not be able to buy all those goods on credit. Oh my.....
Topher | 10.19.07 - 4:41 pm | #
Once I trade Brazilian stock market I should say that it is unsually dependent of PBR and RIO, both very much overvalued and in blowoff mode (both account for 30%).
Here the uptrend is becoming more and more seletive although still with high volume. Any rebound of US stock market would launch Bovespa to its recent peak but it would be a kiss good bye.
The foolish decoupling thesis will be challenged very soon.
rich, I guess the term "America's Working Poor" is to differentiate them from "America's Unemployed Poor." Perhaps the liberal media's way of beating conservatives to the punch: Here are some poor people, BUT THEY WORK, THEY'RE NOT WELFARE CASES!
In any event, it's unfortunate, but not surprising. The value of the dollar has been going down the tubes and inflation is rampant, despite what the government reports. I believe this to be the inevitable byproduct of globalism. A truly global marketplace would bring most peoples' living standards to an equilibrium. This is good news for IWP (India's Working Poor), but bad news for AWP. But, in the long run, it will be good news for everybody, because America will prosper more down the road with increased wealth abroad. Moreover, humanity is better off when everyone is doing better, even if there is some short term pain for those in the better half.
AAA securities downgrade
S&P Lowers Ratings on 1,413 U.S. RMBS Classes Backed by Subprime Mortgage
Are the markets closed?
Let the games begin!
45% haircut on defaulted loans.
As part of this review, we assumed losses for defaulted loans that
closed during the second half of 2005 at a level of 40%, and for those that
closed during 2006 at a level of 45%.
S&P Lowers Ratings on 1,413 U.S. RMBS Classes Backed by Subprime Mortgage
Friday, 4pm. I believe the confessional is officially open.
Well, Well, Well. DOW has finished down by 2.6% today.
Next Monday is going to be very interesting.
Many people will be doing “deep thinking” over the weekend.
Harley profit falls 15% on weaker U.S. demand
Harley profit falls 15% on weaker U.S. demand - MarketWatch
what a wonderful day.
Well, Well, Well. DOW has finished down by 2.6% today.
Well if you're leveraged in to a fund of funds that leverages in to other leveraged funds that buy securities that represent shares of a fund that uses leverage to buy stock swaps, then it's more like a 260% decline.
Welli, Welli, Well. They now think BRIC will maybe sink us instead of saving us. All because we will not be able to buy all those goods on credit. Oh my.....
Hey Tennis_8
How much you lose today brother.
Shiver me tranches! Whatta day
They are gonna have to create a new entity to contain all of distressed puns.
Welli, Welli, Well. They now think BRIC will maybe sink us instead of saving us.
It will be interesting to see if the dollar rally as money is repatriated to the US by Americans if we get a melt down in emerging markets. May take the shine off of oil and gold if that happens.
No one could have seen this coming.
ac wrote :
"Well if you're leveraged in to a fund of funds that leverages in to other leveraged funds that buy securities that represent shares of a fund that uses leverage to buy stock swaps, then it's more like a 260% decline."
Are there 'traders' or 'black boxes' that really do this? Yow
Good to see that the mighty PPT/I-bank cabal, as much as they tried as evidenced by nice volumes on the S&P futures, could not pull out another 'save.'
Breaks my cold, sociopathic heart.
The rumor I heard was about Global Alpha, but GS came out after the close and "categorically denied" there were problems. I guess that's better than uncategorically...
Welli, Welli, Well. They now think BRIC will maybe sink us instead of saving us. All because we will not be able to buy all those goods on credit. Oh my.....
Topher | 10.19.07 - 4:41 pm | #
Once I trade Brazilian stock market I should say that it is unsually dependent of PBR and RIO, both very much overvalued and in blowoff mode (both account for 30%).
Here the uptrend is becoming more and more seletive although still with high volume. Any rebound of US stock market would launch Bovespa to its recent peak but it would be a kiss good bye.
The foolish decoupling thesis will be challenged very soon.
EWZ
Living Paycheck to Paycheck Gets Harder
America's Working Poor Stretching Paychecks to the Breaking Point
Expired
New term discovered by the MSM...
America's Working Poor (AWP)
What happens to the AWP when it stretches beyond the breaking point?
Public assistance.
Who pays the vast majority of public assistance cost in the U.S.?
State and local government.
Next headline:
Agencies Overwhelmed by America's Working Poor
In America, you can not turn away any AWP and just let them starve.
rich, I guess the term "America's Working Poor" is to differentiate them from "America's Unemployed Poor." Perhaps the liberal media's way of beating conservatives to the punch: Here are some poor people, BUT THEY WORK, THEY'RE NOT WELFARE CASES!
In any event, it's unfortunate, but not surprising. The value of the dollar has been going down the tubes and inflation is rampant, despite what the government reports. I believe this to be the inevitable byproduct of globalism. A truly global marketplace would bring most peoples' living standards to an equilibrium. This is good news for IWP (India's Working Poor), but bad news for AWP. But, in the long run, it will be good news for everybody, because America will prosper more down the road with increased wealth abroad. Moreover, humanity is better off when everyone is doing better, even if there is some short term pain for those in the better half.
It's all about the rise in credit, vs no rise in real income.
Gold will take a dive on Sunday night as Asia unwinds the carry trade and margin accounts are liquidated. My humble opinion.