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TAG: SUBPRIME MORTGAGE Return to Free Updates Home Page

A Non-Guarantee Put to the Test (part 1)
The Ballad of Fannie & Freddie

by Robert Folsom
3/13/2008 2:30:00 PM

Once upon a time, the U.S. government created the secondary mortgage market. (During FDR's New Deal, if you're dying to know). With help from the agency known as Fannie Mae, this government creation grew tall and strong. What's more, the government held a virtual monopoly over its creation for several decades -- and after all, the market was its creation....

Filed Under: credit crunch, Freddie Mac, government bonds, great depression, Real Estate, real-estate, recession, subprime, subprime mortgage, subprime mortgages, Wall Street
Category: Economy


No Country For Old Mania
How much did has the marketplace lost in the "coin toss" of high-risk mortgages? Try $400 billion and counting

by Nico Isaac
2/26/2008 4:15:00 PM

The hunt for the guilty parties responsible for the housing and credit blood bath has begun as the world's largest economy has become No Country For Old bull market mania. Truth be told, the subprime mortgage industry was a marked man the moment it went mainstream, a fate our March 2005 Elliott Wave Financial Foreacst saw coming from miles away...

Filed Under: No Country For Old Men, mania, coin toss, subprime mortgage, credit, Citigroup, Goldman Sachs, HSBC
Category: Economy


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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.