Aidis Zunde's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/140006/comments http://seekingalpha.com/article/87402-time-to-look-at-valero?source=feed#comment-217908 217908 However, most importantly, this recalculation does not impact the trend I have discussed.]]> Tue, 29 Jul 2008 21:15:44 -0400 However, most importantly, this recalculation does not impact the trend I have discussed.]]> http://seekingalpha.com/article/60005-book-value-can-be-deceiving-for-financials?source=feed#comment-110394 110394
Having said this, some will then argue that all this information should already be priced into the derivative instruments built upon these mortgage loans and, consequently, into the share prices of the firms holding those derivatives. However, if the crisis of recent months has shown us anything, it is that even the "experts" do not have a handle on the full financial impacts of impending defaults.

This, in turn, will continue to affect overall willingness to extend credit, with all the associated second level effects on the business environment. Though I am not at all predicting the end of the financial world (far from it!), this is enough of a crisis for me.

Therefore, I agree with the second comment that this has gone beyond subprime; the "bursting" of the housing bubble, coupled with concerns about the quality of other credit sectors, will continue to exert a bearish influence for a while. I agree that the market has further to go before reaching a bottom...

For more of my perspectives, I encourage you to visit my blog at vestopia.com at your convenience.]]> Mon, 14 Jan 2008 21:17:22 -0500
Having said this, some will then argue that all this information should already be priced into the derivative instruments built upon these mortgage loans and, consequently, into the share prices of the firms holding those derivatives. However, if the crisis of recent months has shown us anything, it is that even the "experts" do not have a handle on the full financial impacts of impending defaults.

This, in turn, will continue to affect overall willingness to extend credit, with all the associated second level effects on the business environment. Though I am not at all predicting the end of the financial world (far from it!), this is enough of a crisis for me.

Therefore, I agree with the second comment that this has gone beyond subprime; the "bursting" of the housing bubble, coupled with concerns about the quality of other credit sectors, will continue to exert a bearish influence for a while. I agree that the market has further to go before reaching a bottom...

For more of my perspectives, I encourage you to visit my blog at vestopia.com at your convenience.]]>