tinman

The Rules of the Game Have Changed

jimmy, how do you know only cheaper houses are selling? ahhh, because HALF ARE FORECLOSURES and we know they're concentrated in the lower end (aka subprime) market.

I'd call that cold comfort indeed.

The Great Dollar Pump of 2008: A Doomed Central Bank Intervention

Why has no one pointed out the egregious typo in here? "As you can see, it would be easy to take a trillion or so dollars temporarily out of circulation by using locking up just a small portion of these derivatives with the 6 trillion euros sold by the U.S. ESF."

I think I know, alas.

The Great Dollar Pump of 2008: A Doomed Central Bank Intervention

Why has no one pointed out the egregious typo in here? "As you can see, it would be easy to take a trillion or so dollars temporarily out of circulation by using locking up just a small portion of these derivatives with the 6 trillion euros sold by the U.S. ESF."

I think I know, alas.