Wednesday, Jun 18, 2008
sales of mortgages repackaged into bonds are down a whopping 89 per cent
informationclearinghouse: Bush's "ownership society" hits the canvas
The economy is in tatters. Consumer confidence has plummeted, food and energy prices are soaring, and the housing market is experiencing its biggest crash since the Great Depression. Manufacturing is down, unemployment is up, gasoline is topping $4 per gallon, and tent cities are sprouting up throughout the Southwest. If there's a silver lining to this mess; it's not visible from planet earth.
The trillion dollar mortgage-backed securities (MBS) market is barely limping along. Investors are brushing off the higher yields and staying on the sidelines. How bad is it?
Posted by malct @ 04:57 PM (434 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. planning4acrash said...
Welcome back! ;-)
2. malct said...
puppetmaster!
3. flintster1994 said...
Hey,
I was called a hand puppet or something like that a few weeks ago. Are you typing this?
4. malct said...
flintster1994 - nothing personal -
just me being suspicous of p4ac pulling a few strings behind the scenes - hence - puppetmaster!
maybe he did maybe he didn't
I could explain further but it might cause what we're trying to avoid. (james)
btw I like your posts - keep that open mind
5. Rajd said...
Excellent article. I wonder why we don't hear this stuff on the beeb :-\