After Phase 1 of subprime in Aug 2007, and Phase 2 in Feb 2008, we are now going into Phase 3 of the crisis. I’ll explain later about why I think so, ...
So the dollar has risen like crazy. From 39.9 a couple weeks back, to 42.5 today. And getting stronger. Is this FII profit booking? Heavy dollar buying by ...
So how much does ICICI stand to lose if the news is correct? (Ref: ICICI subprime losses at 1000 cr.). ICICI’s share dropped 5% to Rs. 970. They made ...
The Markit ABX indices, which are based on asset backed securities, are trading at new lows. This is the graph for the ABX based on loans (rated AAA!) made in ...
The US madness is poised to hit us very soon. Note that I say poised to hit us – it has not quite hit us, and it has not quite hit America either. This ...
From Rediff: State Bank of India, ICICI Bank , Bank of Baroda and Bank of India are set to book mark-to-market losses on the exposures of their foreign offices ...
