Be prepared for the strong possibility of more selldowns in the weeks and months ahead. The US financial sector and therest of the economy could take a couple of years to clean up and consolidate.
Unemployment will go up, housing prices continue to drop, more mortgage loans will be foreclosed, domestic consumption may shrink and economic […]
1. Rising cost and reduced availability of credit
2. Damaged balance sheets in world’s largest investment banks (falling house prices reduce equity value-house value less mortgage) of homes, hurting ordinary consumption in richer courntires
3. De-leveraging /reducing debt levels in banks (selling off assets to pay off devts) in banks, companies and funds.
4. Bursting economy and commodity bubbles
5. Adjustment to higher energy […]
This week I would be focus on home, mortgage loans, and the impact on inflation and economy for my policyholders and reader. I lifted this original article to place so others may read its original text. The next article is a summary of what I learned on various analysts.
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THE Federal Reserve’s decision to cut interest […]
(NEW YORK) Former Federal Reserve chairman Alan Greenspan said that financial markets, roiled by the collapse of the sub-prime mortgage market, have shown a ‘pronounced turnaround’ since March. ‘The worst is over in the financial crisis or will be very soon,’ the former Fedchairman said in remarks via satellite on Friday to a conference in […]
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