jpidding Posted July 26, 2007 Share Posted July 26, 2007 Dont know the details yet, but he is not one to send me mails like this unless there is something significant happening. Implications are that if credit is getting peppered (heavily sold) then yields are rising....hence motrgage fix rates go up. Will keep you posted. J. Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted July 26, 2007 Share Posted July 26, 2007 Dont know the details yet, but he is not one to send me mails like this unless there is something significant happening. Implications are that if credit is getting peppered (heavily sold) then yields are rising....hence motrgage fix rates go up.Will keep you posted. J. thanks for the info. Please keep us posted. BBC news just mentioned a credit crunch coming, that's why the "turbulent" trading in the markets. obviously he can't show the email. Quote Link to comment Share on other sites More sharing options...
jpidding Posted July 26, 2007 Author Share Posted July 26, 2007 Let's see the email The email said nothing more than the title of this thread. Just had a chat on the phone and he's said that the average spreads for the book he runs have now moved out to 400 points from 200 less than a month ago. Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted July 26, 2007 Share Posted July 26, 2007 http://www.bloomberg.com/apps/news?pid=206...&refer=home The market is having ``a huge flight-to-quality rally,'' said Gary Pollack, who helps oversee $12 billion as head of fixed-income trading at Deutsche Bank AG's Private Wealth Management unit in New York. ``There are concerns the credit market is going to be shut.'' Quote Link to comment Share on other sites More sharing options...
Chazza Posted July 26, 2007 Share Posted July 26, 2007 (edited) http://www.bloomberg.com/apps/news?pid=206...&refer=home AH, DIDNT WORK...YEs credit is getting hammered Edited July 26, 2007 by Chazza Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted July 26, 2007 Share Posted July 26, 2007 The email said nothing more than the title of this thread.Just had a chat on the phone and he's said that the average spreads for the book he runs have now moved out to 400 points from 200 less than a month ago. You can see last month's spreads here http://www.markit.com/information/affiliat...mmaryjune07.pdf The XOver was approaching 400 bps this morning Quote Link to comment Share on other sites More sharing options...
crash2006 Posted July 26, 2007 Share Posted July 26, 2007 The credit market has shut the doors for a few months, trying to contain the losses and lack of investors. Quote Link to comment Share on other sites More sharing options...
littlepumpkin Posted July 26, 2007 Share Posted July 26, 2007 You can see last month's spreads here http://www.markit.com/information/affiliat...mmaryjune07.pdf The XOver was approaching 400 bps this morning so does everyone think i'm sensible buying US$ for my September holiday tomorrow, and that sterling's going to weaken aganist the dollar, or shall i wait?!!! Quote Link to comment Share on other sites More sharing options...
lets get it right Posted July 26, 2007 Share Posted July 26, 2007 The credit market has shut the doors for a few months, trying to contain the losses and lack of investors. Fancy yourself as a bit of a spinmeister eh? 'The credit market has shut the doors for a few months' - nothing to worry about - the doors are not locked, they've been closed because it's a bit hot in here, or is it cold out there? or cold in here and hot out there? - anyway, no matter, under no circumstances are you to be concerned ... 'What do you mean you can't get a mortgage big enough to buy up?' ... look, just hang on for a month or two, the door WILL be OPENED again, as soon as enough MUGS, IDIOTS, FOOLS, SUCKERS investors (sorry, struggled to find the right word there) can be found to buy the risky debt we're left holding. Quote Link to comment Share on other sites More sharing options...
jpidding Posted July 26, 2007 Author Share Posted July 26, 2007 so does everyone think i'm sensible buying US$ for my September holiday tomorrow, and that sterling's going to weaken aganist the dollar, or shall i wait?!!! Not got much to do with the topic of the thread, but I would say yeah, go for it....looks to be swinging back the other way now, so buy your dollars quick. Quote Link to comment Share on other sites More sharing options...
Warwick-Watcher Posted July 26, 2007 Share Posted July 26, 2007 Not got much to do with the topic of the thread, but I would say yeah, go for it....looks to be swinging back the other way now, so buy your dollars quick. Dow down 101 points right now (no doubt it will pick up later on soe good news - a cat being rescued from a tree etc.).FTSE100 down almost 100 and FTSE250 down over 200 points. Dollar stronger by 1c against Sterling - don't worry just yet ! Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 26, 2007 Share Posted July 26, 2007 http://www.bloomberg.com/apps/news?pid=206...&refer=home Hence why Treasuries' yields are falling. Quote Link to comment Share on other sites More sharing options...
lets get it right Posted July 26, 2007 Share Posted July 26, 2007 so does everyone think i'm sensible buying US$ for my September holiday tomorrow, and that sterling's going to weaken aganist the dollar, or shall i wait?!!! Come on! We're all dribbling with excitement as we wait for ARMAGEDDON here. Change your dollars now, change them at the airport, change them when you get there ... who cares? We've got bigger fish to fry. Quote Link to comment Share on other sites More sharing options...
Minos Posted July 26, 2007 Share Posted July 26, 2007 Come on! We're all dribbling with excitement as we wait for ARMAGEDDON here.Change your dollars now, change them at the airport, change them when you get there ... who cares? We've got bigger fish to fry. Unfortunately, we'll still be dribbling this time next year. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 26, 2007 Share Posted July 26, 2007 Unfortunately, we'll still be dribbling this time next year. Quite true. A friend and I read a book in the late eighties predicting a financial catastrophe in fact we became quite obsessed that we might be facing the end of the world as we know it. I can't remember what this book was called now "how to survice the coming crash" or something like that. In the end a "crash" of sorts came in 1989, though it took several years to realise we had been in one at the time Quote Link to comment Share on other sites More sharing options...
lets get it right Posted July 26, 2007 Share Posted July 26, 2007 Quite true. A friend and I read a book in the late eighties predicting a financial catastrophe in fact we became quite obsessed that we might be facing the end of the world as we know it. I can't remember what this book was called now "how to survice the coming crash" or something like that. In the end a "crash" of sorts came in 1989, though it took several years to realise we had been in one at the time Funny thing was - on the day we pulled out of the ERM and there was talk of interest rates being moved from 15% to 20% - in one go, just like that, abracadabra - it really did feel like the end of the world. And, for many people, it was. They lost their homes and jobs and some have never recovered. Maybe if they had read that book and acted on it ... well, of course if people did that we wouldn't have the boom in the first place. Quote Link to comment Share on other sites More sharing options...
Minos Posted July 26, 2007 Share Posted July 26, 2007 Quite true. A friend and I read a book in the late eighties predicting a financial catastrophe in fact we became quite obsessed that we might be facing the end of the world as we know it. I can't remember what this book was called now "how to survice the coming crash" or something like that. In the end a "crash" of sorts came in 1989, though it took several years to realise we had been in one at the time I suspect the end always comes when it's least expected. Quote Link to comment Share on other sites More sharing options...
jpidding Posted July 27, 2007 Author Share Posted July 27, 2007 OK...I'm sure you know this is all kicking off, but my mate just mailled me saying "carnage in the credit markets now". This should really dry up some of the excess liquidity we've been seeing. Lets see what happens. Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted July 27, 2007 Share Posted July 27, 2007 (edited) Cracking article: http://www.bloomberg.com/apps/news?pid=206...&refer=home I particularly liked this quote: ``By the time it ends, in three to four years, people will not want to hear of financial markets or real estate.'' Edited July 27, 2007 by Tuffers Quote Link to comment Share on other sites More sharing options...
jpidding Posted July 27, 2007 Author Share Posted July 27, 2007 Cracking article:http://www.bloomberg.com/apps/news?pid=206...&refer=home I particularly liked this quote: ``By the time it ends, in three to four years, people will not want to hear of financial markets or real estate.'' Thanks...good article Tuffers. just got off the phone to my mate and credit spreads have widened another 50 basis points in one day. he said this would be considered a significant move over a year in normal circumstances. Cash is now king...hold onto your lugnuts....it time for an overhaul! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.