Posts Tagged ‘ subprime mortgage ’

Sub Standards — A Metaphor for the U.S. Financial Market

Oct 19th, 2007 | By | Category: Macro Economics
A CRISIS AS BIG as subprime lending usually does not spring out of nowhere. Often crises like this one are symptomatic of a much larger problem. If you are one of the few who believe this to be a local problem that will be contained, don’t let yourself be fooled. ...read more

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Bernanke’s Choice

Oct 18th, 2007 | By | Category: Macro Economics
Like a scene out of a Hollywood blockbuster, picture Fed chairman Ben Bernanke hovered over two giant red buttons. With sweat pouring from his brow and a giant clock ticking away, our hero must make a decision with the fate of the entire world holding in the balance. He could ...read more

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Subprime Ground Zero, Part I

Apr 11th, 2007 | By | Category: Emerging Markets
"NEVER TURN DOWN a combat assignment," said one of my old Navy commanding officers. "It is bad for your career," he noted. Bad for your career? So is dying. But what the man meant was that a combat assignment is "good" for your career if you live to tell about ...read more

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The Easy Society

Mar 13th, 2007 | By | Category: Commodities
Things are starting to get a bit rough for "The Easy Society." Florida Today is reporting, "5,600 Brevard Residents Are on the Brink of Losing Their Homes": "A wave of home mortgage foreclosures is sweeping across Brevard County -- signaling a disastrous end to the local housing boom for those who ...read more

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Accounting Reflects Housing Market Reality

Feb 15th, 2007 | By | Category: Macro Economics
  "Subprime" mortgage lending is a disaster unfolding before the eyes of financial market participants. Subprime refers to the practice of providing home mortgages to those with spotty credit histories in return for a few extra basis points of interest. The Mortgage Lender Implode-O-Meter Web site has gained a wide following as ...read more

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