by Constantine von HoffmanDecember 12, 2008
Economy
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Guest post by Constantine von Hoffman, veteran business journalist and author of the blog CollateralDamage.biz, a humorous look at marketing and business.
Two weeks ago the National Bureau of Economic Research officially confirmed what we already knew: we have been [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
Now here?s a lagging indicator for you: at least a year after the fact, the recession is now known to have began in December 2007. A depression comes next, but since there has been only one in [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
The derivatives time bomb that Warren Buffet warned about several years ago has exploded. Here?s how it?s playing out around the world.
From the US:
The Fed:
?Federal Reserve chairman Ben Bernanke acknowledges he was wrong in believing that there [...]
In a recent story published on BusinessWeek’s website, the subprime mortgage industry is taken under the microscope and picked apart, bit by scandalous bit. The article, entitled ?Sex, Lies, and Subprime Lending,? presents many of the familiar excesses of subprime lending (pressure from investment banks and mortgage-backed securities brokers, data manipulation by loan officers) with [...]
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
Thus far, all indications seem to lead us to believe that the Federal Reserve can solve economic problems by throwing massive [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
I?m afraid many of the New World Order conspiracy theories will have to be laid to rest after this weekend?s G20 meeting. Worldwide coordination of anything other than a rate cut here and there will never fly. [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
Hedge funds are continuing to lose big bucks, suspending redemptions and, in a number of cases, liquidating. They all cite difficult market conditions. Which markets, though? Derivatives have been under the radar lately, yet there have been [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
Economies worldwide are in recession and it?s getting worse. The momentum on the downside is too strong and the losses too pervasive to expect bailouts or interest-rate cuts to have more than a temporary effect. At best, [...]
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