Summary of subprime bank losses
Spread around enough so no one went out of business, and most lost less then a quarter’s worth of earnings. And a chunk of it
January 22, 2008
Spread around enough so no one went out of business, and most lost less then a quarter’s worth of earnings. And a chunk of it
(an interoffice email) > the only problem i have with Meltzer is that is the consensus view now, > that inflation is a foregone conclusion-i
Will the cure be worse than the disease? Right, the financial press will chop the Fed to ribbons if inflation continues higher, as I expect
The Fed is aware rate cuts don’t do much for near term financial disruptions. For example, the FF/LIBOR spread was first addressed with FF cuts,
FOMC Inter-meeting Rate Cut (Jan 22) Survey n/a Actual 3.50% Prior 4.25% Revised n/a The cut was fully priced in for next week, with a
Weakness: Equity markets still heading down. Commodity markets anticipate slowing demand. Credit markets anticipate additional rate cuts. First, a word on the bond insurers: A
On Jan 21, 2008 6:45 PM, Bobby wrote: > Hi > > Don’t you think the Media has something to do with this. Hi, yes
> Hi > > You’ve been looking for this kind of financial trouble for a bit over in Europe. Good call Warren. > > Bobby.
Major themes intact: weak economy higher prices Weakness: US demand soft but supported by exports. US export strength resulting from non resident ‘desires’ to reduce
(an interoffice email) > … He’s here w/me now & also is very concerned over the entire > spectrum, especially all the 5/1 ARM’s &