Posts Tagged ‘ subprime mortgages ’

A Prime Example

Nov 1st, 2007 | By | Category: Commodities
MORE BAD NEWS KEEPS ROLLING IN from the mortgage industry. If you simply can’t read another word about subprime mortgages, you’re in luck. Prime mortgages have now joined their younger brothers and, in some respects, are now in on the fiasco. Option adjustable-rate mortgages (ARMs) have bled into the once profitable ...read more

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A Day at the Stock Market, A Night at the Opera

Sep 14th, 2007 | By | Category: Macro Economics
What is happening in the stock markets of the planet? Certainly, risk is being repriced across all of the world’s marketplaces. People are taking gains where and when they can, and moving the proceeds off the table to safer instruments, if not to fireproof steel boxes and comfy mattresses. Significant ...read more

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Containment Is Spreading

Apr 10th, 2007 | By | Category: Commodities
In spite of Bernanke's claims that problems in housing are "well contained," most of the evidence appears to be contrary. State Tax Revenues Slump In "Housing Slump Pinches States in Pocketbook," The New York Times is reporting on tax shortfalls: In Florida, tax revenue is "projected to drop this year for the first ...read more

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