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LiveWire Economics Blog - December 27, 2007 15:13
Is This Lack Of Worry Normal?
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 […]
New Year’s resolutions for US housing market
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. 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 […]
Mortgage rates hold historic lows as foreclosures fall in November
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). This week’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 […]
Credit Default Swaps – An Example In Real Time
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 […]
Oil still threatens $100, US government passes new fuel efficiency standards
An announcement this morning that Turkish soldiers went into northern Iraq to go after Kurdish rebels sparked a rise of nearly $2.00 in crude oil trade this morning (December 18), a 1.9% gain. Crude oil has fallen back slightly after approaching $100 per barrel during November.
A Beginners Guide To Credit Default Swaps
We hear and see the alphabet of the derivatives world thrown around with gay abandon, like so much confetti at the Brides third (and definitely for the last time, she insists) wedding. Often the word “bond” is thrown into the mix, just to spice up the play, not unlike the bridesmaids, who at 2 and […]
Some economists concerned US dollar on verge of major collapse
As the US dollar hovers below its record lows against the major European currencies and many other world currencies, some economists and foreign exchange market professionals have expressed concern that the dollar may be on the brink of a major collapse.Â
Yen rallies as risk appetite recedes
Yen rallies as risk appetite recedesThe yen rallied from a one-month low against the dollar and the euro on Thursday as the initial euphoria over a concerted effort by global central banks to ease liquidity concerns faded.Source: www.ft.com
Lehman quarterly earnings fall 11 percent
Lehman quarterly earnings fall 11 percent NEW YORK (Reuters) – Lehman Brothers Holdings Inc said on Thursday that quarterly earnings fell 11 percent, hurt by writedowns in bond trading, but results beat analysts’ average expectations. Source: feeds.reuters.com
World stocks slump despite central bank aid (AFP)
AFP – European and Asian stock markets fell heavily on Thursday, even after Wall Street had ended higher as major central banks sought to soothe a global credit squeeze caused by the US home-loan collapse. Read More…
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