Global Subprime Fallout: Focus On The UK [Housing Tracker] [View article]
My recent experiences, following a nine-month trip through UK and Ireland, taught me that the real estate bubble is more pronounced there than it is in the US. Much more pain to come in both locales. Ireland, in particular, should experience a lot of dislocation and malcontent.
Doug Kass on Housing Predictions: An Update [View article]
There is no doubt that we are currently in the early innings of a global financial crisis. The FED is doing what it can (very little) to control markets and avoiding a crash. Keep the little people from panicking and buy some time. Someone will eventually have the guts to flush the toilet, but up until now the phrase seems to be "not on my watch." Play your cards close to your vest and ride it out as safely as you can. How about a story on LIBOR...it looks ready to blow up soon.
Housing Market Tracker - It's About Affordability, Stupid. [View article]
How about an update on Rule 157 where the banks and brokers were supposed to mark to market rather than mark to model? It appears that has been shelved so they can continue to avoid facing the music on Level II and Level III crap on their books. What a mess! Oh, and my banker neighbor just bought a third home with his bonus money I'm sure...a winter golf palace to go along with the mountain lodge and family home. God Bless America!
The government (read FED) is simply trying to calm the public and prevent runs on the bank. Putting bubble gum in the holes of the dyke will not solve the problem. Two words: Capital Preservation. Do not pass on three percent earnings on your savings...it's much better than a 30 percent haircut. Now is the time for caution and prudence.
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Latest | Highest ratedThe Disastrous Future of the U.S. [View article]
Global Subprime Fallout: Focus On The UK [Housing Tracker] [View article]
FAS 157: Blackstone and Its Banker Buddies Have It Wrong [View article]
Home Equity LTVs In Stratosphere [View article]
Doug Kass on Housing Predictions: An Update [View article]
Housing Market Tracker - It's About Affordability, Stupid. [View article]
Housing Market Tracker - Subprime Strikes Korea, Switzerland, Israel, Australia, Germany... [View article]