Snuggles

The Long Case for U.S. Equities

I may be able to accept your argument that the US market is over sold, and over-due for a bounce but...

What about currency effects? Implicit in being over-weight in US equities is a bet that the USD ain't going much lower. There's an argument to be made for being invested in emerging markets as a currency hedge if nothing else...

Foreclosures Prove Loan Modification Isn't Working

"...In the meantime, because so many problem mortgages are securitized in pools, banks cannot act even if they wanted to..."

I don't understand why more hasn't been made of this fact. Securitization has made it infinitely more difficult to conduct work-outs with borrowers. I find it highly ironic that a tool that was supposed to mitigate risk is actually going to help accelerate losses.