Wednesday, Jul 11, 2007
CDS report: Sell, sell, sell
FT.com: Boom bing bang crash..
Some of this is a bit technical, but there are some relevant and readable bits in there, notably:
"there is the long-held concern that problems in one segment of the US mortgage market could spread to other areas and spark a spiral of falling house prices and slowdowns in consumer spending. The knock on effects of this to the US economy broadly and then the global economy could harm the corporate credit boom of the past few years."
Essentially it's saying that the price of insuring debt has jumped and that there is a danger of a "spiral of sales and falling values in complex credit products of many different kinds".
Posted by dohousescrashinthewoods @ 01:12 PM (156 views) Add Comment
2 Comments
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1. sold 2 rent 1 said...
It's called a k-winter and I have been banging on about it for the last 3 months.
2. El Cid said...
are you lot familiar with www.reutersrealestate.com ?
I think you might like it -- it's also free, until mid-August that is.