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85 ArticlesCrisis 2008

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What Now?

Time for some rambling. Where are we today? No man’s land In terms of asset allocation we are in no-man’s land. That does not mean that it’s ...

China: 70 lakh sq. feet malls lying empty

Anita Campbell writes: South China Mall is the world’s largest shopping mall, according to this article in The National. At over 7 million square feet, it is ...

Remarkable Upmove, but the credit crisis isn’t over.

Firstly – fantastic upmove. In the last week, the markets have gone up some ridiculous 18%. Which is good, because a bounce was expected. There are a ...

ABXes going nuts again

The ABX indices seem to be hitting newer and lower lows. ABX is based on the various tranches of CDOs of subprime mortgage loans (see here for more, and thanks ...

Crude Realities of Speculation

From RedOrbit: High Oil Prices, It’s all about Speculation: “Thunder Horse started pumping from a single well on Saturday and on schedule to have ...

Inflation at 11.4% is meaningless

Inflation at 11.4% today and the folks on CNBC are jumping around in excitement. I usually don’t watch business news, but today I have this viral fever ...

Ambac, MBIA downgraded; more losses to come

From Bloomberg: Citigroup Inc., Merrill Lynch & Co. and UBS AG may post losses of $10 billion on bond insurance after MBIA Inc. and Ambac Financial Group ...

ABX Home Equity indices sliding again

The ABX HE indices, which basically shows prices at which home asset backed securities are quoting, are sliding downwards again. This is the ABX-HE-AAA-07-2 ...

The Hunt For Leveraged Players

From John Mauldin’s newsletter: The Commodity Futures Trading Commission announced yesterday that they are looking very hard at possibly closing a ...

Why Subprime Phase 3

Before I start my theory about Subprime Phase 3, I want to clarify one thing. Everything I mention here is a short term opinion on where things are going. That ...