Wednesday, June 18, 2008

sales of mortgages repackaged into bonds are down a whopping 89 per cent

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 (781 views)
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5 thoughts on “sales of mortgages repackaged into bonds are down a whopping 89 per cent

  • planning4acrash says:

    Welcome back! 😉

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  • puppetmaster!

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  • flintster1994 says:

    Hey,

    I was called a hand puppet or something like that a few weeks ago. Are you typing this?

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  • 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

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  • Excellent article. I wonder why we don’t hear this stuff on the beeb :-

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