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August 10, 2007 at 9:39 AM in reply to: Why is overall credit market tanking on mortgage defaults #72867August 10, 2007 at 9:39 AM in reply to: Why is overall credit market tanking on mortgage defaults #72874
bsrsharma
ParticipantThe dirty little secret is CMOs are not the only toilet paper in the portfolio. The credit market was drunk and bought a lot of “covenent lite” (commercial/junk) paper, that they are now suspecting will follow the path of “Ninja Loans” i.e. illiquid and eventually worthless. With that much capital loss/illiquidity + fear, condition is ripe for an extended credit crunch. Add to it the fact that a lot of these “investors” were overseas with weaker understanding of US markets, you can see why they would develop a renewed “fear of the foreigner”.
ParticipantI have put all my 401(k) into global/international mutual funds in the last 2 years and I am happier compared to say, previous 5+ years. You may look at a well diversified global index fund. Holding large $ assets now is like buying real estate in 2005-06.
ParticipantI have put all my 401(k) into global/international mutual funds in the last 2 years and I am happier compared to say, previous 5+ years. You may look at a well diversified global index fund. Holding large $ assets now is like buying real estate in 2005-06.
ParticipantI have put all my 401(k) into global/international mutual funds in the last 2 years and I am happier compared to say, previous 5+ years. You may look at a well diversified global index fund. Holding large $ assets now is like buying real estate in 2005-06.
August 10, 2007 at 8:12 AM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #72686ParticipantI am a Bush critic, but his speech yesterday was one of his better ones. He basically said “Taxpayer bailout or help to losers over my dead body”. Expect the blood bath to continue till Jan 20, 2009. To some he may appear cold, uncaring or unconcerned, but I saw it as “Tough Love” in practice.
August 10, 2007 at 8:12 AM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #72805ParticipantI am a Bush critic, but his speech yesterday was one of his better ones. He basically said “Taxpayer bailout or help to losers over my dead body”. Expect the blood bath to continue till Jan 20, 2009. To some he may appear cold, uncaring or unconcerned, but I saw it as “Tough Love” in practice.
August 10, 2007 at 8:12 AM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #72810ParticipantI am a Bush critic, but his speech yesterday was one of his better ones. He basically said “Taxpayer bailout or help to losers over my dead body”. Expect the blood bath to continue till Jan 20, 2009. To some he may appear cold, uncaring or unconcerned, but I saw it as “Tough Love” in practice.
Participant“We salute all the folk”
On the flip side, we should also salute them for providing one of the largest stocks of affordable housing 2009 onwards. Without all the capital injection from the “investors”, we wouldn’t be having upwards of ten million excess homes in the country pushing down the prices to ground.
Just like WorldCom & Global Crossing bankrupted their “investors” but provided plentiful supply of cheap fiber optic lines underground making internet such a pleasure to use.
All part of “Creative Destruction” that is the beauty of free markets.
Participant“We salute all the folk”
On the flip side, we should also salute them for providing one of the largest stocks of affordable housing 2009 onwards. Without all the capital injection from the “investors”, we wouldn’t be having upwards of ten million excess homes in the country pushing down the prices to ground.
Just like WorldCom & Global Crossing bankrupted their “investors” but provided plentiful supply of cheap fiber optic lines underground making internet such a pleasure to use.
All part of “Creative Destruction” that is the beauty of free markets.
Participant“We salute all the folk”
On the flip side, we should also salute them for providing one of the largest stocks of affordable housing 2009 onwards. Without all the capital injection from the “investors”, we wouldn’t be having upwards of ten million excess homes in the country pushing down the prices to ground.
Just like WorldCom & Global Crossing bankrupted their “investors” but provided plentiful supply of cheap fiber optic lines underground making internet such a pleasure to use.
All part of “Creative Destruction” that is the beauty of free markets.
Participant“average Joe seems to be oblivious..”
And will remain so. Some one said: It is Recession when your neighbor loses his job; It is Depression when you lose your job. Till unemployment crosses 5% it is good time. At 6% it is worrisome. At 7%, all hell breaks loose.
Participant“average Joe seems to be oblivious..”
And will remain so. Some one said: It is Recession when your neighbor loses his job; It is Depression when you lose your job. Till unemployment crosses 5% it is good time. At 6% it is worrisome. At 7%, all hell breaks loose.
Participant“average Joe seems to be oblivious..”
And will remain so. Some one said: It is Recession when your neighbor loses his job; It is Depression when you lose your job. Till unemployment crosses 5% it is good time. At 6% it is worrisome. At 7%, all hell breaks loose.
Participant“what the people did with the money”
Could some of them be sharp enough to have sent that 200K to Cayman islands or Bahamas? You do it five times and you can retire not too bad. I suspect at least some would have figured this.
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