LiveWire Economics Blog
LiveWire Economics Blog - January 3, 2008 10:27
Having traded through 2007 in very volatile conditions most market participants have taken on board the need to ensure that risk management is at the forefront of their plan. Even with risk management it has been a very frustrating experience for many attempting to trade over the longer term.
WHO CAN REALLY SAY what 2008 will bring? A post-Olympics slump in China, perhaps, tipping its near-10% annual rate of expansion into an historic depression…The first annual fall since 1995 might also hit UK real estate too, unwinding a chunk of the near-quadrupling of London house prices…
The National Association of Realtors (NAR) announced today that November existing home sales were up .4%, the first such increase in nine months.Â This is the second positive report from Novemberâ€™s housing market as last week it was reported that foreclosures fell 10% during the month.
Oil and gold prices both hover just below all time highs as of this morning (December 27), following the assassination of Pakistani opposition leader Benazir Bhutto.Â As with any political assassination, unrest tends to have an impact on world pricing depending on the location and nature of the tragic event.
There can be little doubt that even as the stresses in the credit market have spilled over into other financial markets, the reaction of the public has been muted. In the UK, other than the collapse of Northern Rock hitting the headlines, the credit crunch has been largely ignored. In the US the picture is […]
As 2007 comes to an end, many investors, home owners, and creditors in the US are hoping for a strong turnaround in housing and mortgages for 2008.Â While there are still opportunities for the markets to extend their slumps into the New Year, there are some signs of hope and some reasons to believe the […]
According to Bankrate.com surveys, conventional 30-year and 15-year fixed mortgage loan rates remain near all time lows since average rate data was first collected (1985).Â This weekâ€™s average 30-year fixed loan rate is 5.8%, virtually steady from last week, while the popular refinance loan, the 15-year fixed rate dropped three basis points from the prior […]
In that almost mystical way in which co-incidence happens, a real time occurrence of the risks I outlined in A Beginners Guide To Credit Default Swaps has appeared. With excellent timing S&P downgraded the rating of ACA Capital Holdings Inc to CCC or, as it is known, junk. Whilst not a happy occurrence, it does […]