Methodius Posted March 5, 2008 Share Posted March 5, 2008 How Bad Will the Mortgage Crisis Get? They have no comprehension of just how bad this is going to get. Quote Link to comment Share on other sites More sharing options...
Lone_Twin Posted March 5, 2008 Share Posted March 5, 2008 How Bad Will the Mortgage Crisis Get? Quality find. Thanks. . ST Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 5, 2008 Share Posted March 5, 2008 Cheers. It's interesting that with the small price falls we've had so far, we've had Northern Rock and a few other biggies pushed to the edge. Yet none of these forecasts even attempt to factor in the knock-ons of the loss of major banks and hedge funds, as much higher losses hit.Perhaps it's just because such wholesale catastrophes would lead to outlandish national government, even global responses, so you just get lost in a hypothetical wilderness. But if I had money at risk in these things, I would want to know the worst cases, so I could position myself accordingly. In effect, I'm surprised serious analysts are in such denial. (Then, I suppose they were in denial all the way up too.) They might not be in denial, they just cannot say it in public because that would ruin both their careers and the companies they work for. Aren't all the analysts employed by financial institutions? Quote Link to comment Share on other sites More sharing options...
Blue Peter Posted March 5, 2008 Share Posted March 5, 2008 I agree. No one ever seems to factor in the effects of the effects - the second, then third round of spillovers, and so on. Hello Durch. I seem to remember that you had a feeling in your bones of 90% falls...are you still feeling that way? Peter. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted March 5, 2008 Share Posted March 5, 2008 It's going to get worse than they think i'd guess. As it all hits the fan more and more will jsut walk away! Bye Bye Bank capital! Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted March 5, 2008 Share Posted March 5, 2008 How far is our housing market behind America? How much bigger is our housing bubble than America? Quote Link to comment Share on other sites More sharing options...
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