default Archive

euro zone update- markets yet to discount the discounts

The issues I’ve been discussing over the last year or two while now crystallizing, remain highly problematic. The idea of Greek default transformed from being a Greek punishment to a gift, with the pending question: ‘If Greece doesn’t have to pay, why do I?’- threatening a far more disruptive outcome that is ...Read More

Bernanke: No Plans to Add New Stimulus Measures Now

More evidence of the suspected understanding with China- they resumed buying US Tsy secs in return for no more QE: The U.S. economy “has been doing worse than expected” and Beijing needs to “seriously assess” possible risks to its vast holdings of American debt, said Yu Bin, an economist in the Cabinet’s ...Read More

Re: NYtimes.com: Mortgage Re- Defaults Rising, No Sign of Slowing

[Skip to the end] >    >   On Mon, Dec 22, 2008 at 12:29 PM, Bill wrote: >    >   The dominant reason loan modifications fail IMMEDIATELY is >   because the borrower’s financial condition is far worse than >   your records indicate. The most likely reason that’s true is >   that your loan officers instructed the borrower to lie ...Read More