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House Passes Bailout Bill

The US House of Reps – the lower house – equivalent to our Lok Sabha – has passed the bailout bill. The Dow is down to +99 from it’s ...

Buffett Interview: Markets, excesses, bailout, fear

Listen to a one hour interview of Warren Buffett. Interesting thoughts: In my adult lifetime I don’t think I’ve ever seen people as fearful ...

Short term interest rates scaling new highs

LIBOR’s up to the highest level this year: The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 6 basis ...

Will the Bailout really change anything?

Thoughts: Look at Calculated Risk’s “ForeClosure Alley” post. The video there is fascinating – of entire neighbourhoods hit hard with ...

Homeowner Moral Hazard

If you were a homeowner who was “underwater” – your outstanding principal on your loan was greater than the assessed value of the house ...

Bailout Plan Rejected, Dow Down the Toilet

From Yahoo: Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, as the financial bailout package was ...

Random prediction: Mumbai Real Estate will fall 50%

So all the realty folks are saying that of all places, Mumbai will see the least impact on real estate prices. Meaning, even if prices drop, Mumbai won’t ...

Lehman's bonds unbonded from the "guarantee"

Lehman’s “capital guaranteed” structured notes are likely to yield only pennies on the dollar: A brochure pitching $1.84 million of notes ...

Bailout plan: some details are out

Pelosi’s draft of the changes to the US bailout plan are in (thanks to Calculated Risk): $700 billion in two installments, congress can say no if they ...

Realty pressure: Rents, Sales and Diwali Prayers

BS: Store rentals suffer 20% fall in 4 months We have seen rentals cooling off by 10 to 20 per cent in the last three to four months,’’ said Ashok Bhasin, ...