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by
Susan C. Walker
4/17/2009 6:15:00 PM
Wall Street hires sophisticated number-crunchers to figure out all kinds of risk for investments, but their computer models give only the illusion of evaluating risk.
Filed Under:
risk, quants, hedge funds, market risk, subprime mortgages
Category:
Classic Prechter
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by
Nico Isaac
5/9/2008 4:45:00 PM
In many ways, the May 3 Kentucky Derby tragedy is not unlike the fateful events unfolding in the U.S. real estate market, otherwise known as the mournal Housing Race... The downfall of the housing bull, however, was not a "freak accident," unforeseeable until the damage was already done...
Filed Under:
kentucky derby, eight belles, U.S. housing market, Real Estate, housing bull, subprime mortgages
Category:
Real Estate
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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
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by
Robert Folsom
3/12/2008 5:15:00 PM
Amidst all the happy words and noises that followed yesterday's story that "Fed Offers $200 Billion Lifeline for Spurned Debt," most news accounts either failed to include or buried the truly relevant details. Looked at closely, the Fed's "Offer" of a "Lifeline" comes attached with the kind of terms you'd expect from a benevolent loan shark.
Filed Under:
$200 billion, AAA rating, AAA ratings, banking, Fed, Federal Reserve, subprime mortgages, Treasuries
Category:
Economy
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by
Robert Folsom
3/7/2008 5:15:00 PM
Yesterday I said that the Economist magazine had just published a favorable review of a book about the housing market crisis. The author is a respected financial journalist, and a thumbs up from a publication like the Economist suggests a book that deserves to be taken seriously. But consider these other quotes, specifically the "who" & "when" behind them...
Filed Under:
Bear market, conquer the crash, deflation, Fed rate cut, Federal Reserve, Real Estate, recession, subprime, subprime mortgages, Wall Street
Category:
Real Estate
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by
Robert Folsom
2/22/2008 1:45:00 PM
Yesterday on this page I suggested that it's absurd to compare today's ailing economy to the economic woes of the 1970s. I asked the rhetorical question, Can you have "stagflation" -- or even a strong overall inflationary trend -- if home prices are headed in the other direction? Unfortunately, what I've read today makes me wonder if "headed in the other direction" was an understatement. The source of my wonder was (yet again) a front-page story in The New York Times, which included this staggering quote...
Filed Under:
Federal Reserve, mortgage, subprime mortgages
Category:
Real Estate
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by
Editorial Staff
2/5/2008 10:45:00 AM
Hardly anyone imagined the day would come when AAA bonds would be downgraded to junk status on a daily basis. But that's exactly what has been happening to bonds backed by subprime mortgages in these last few months.
Filed Under:
bonds, AAA ratings, subprime mortgages, government bonds
Category:
Classic Prechter
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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.
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