All Posts Tagged With: "financial crisis"

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How Bad Will the Mortgage Crisis Get?

If you are like most investors you are probably beginning to wonder just how bad will the mortgage and financial crisis get?

I’ve been saying for some time that the developing financial crisis that started in the mortgage market has been underestimated by many people, including most certainly those who are supposed to have some good ideas about such matters — the economists.

The problem with many economists these days is that they are working for people who order forecasts that must in some way fit in with their hopes and expectations. For example, an economist who is working for say the NAHB, National Association of Home Builders, doesn’t want to lose his job or contract over some dang economic forecast that is a bit too pessimistic. The poor fellow must try to balance out what his own research shows against what his bosses wants to hear.

This is a preview of How Bad Will the Mortgage Crisis Get?. Read the full post (384 words, 0 images, estimated 1:32 mins reading time)
30Mar2008 | taipan | 0 comments | Continued
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Acts of Desperation Calm Financial Markets

Last weeks acts of desperation calm financial markets but for how long?

The Federal Reserve Bank under Ben Bernanke has been hyperactive over the past few weeks. To some financial analysts the Fed’s acts were justified and will help to restore liquidity to the markets. To others the acts look like acts of desperation that have calmed the markets for now but for how long. In fact as investors begin to realize just how close the US system was to a complete meltdown even greater fear and panic may develop.

I tend to side with those who think that having the government become the dumping ground for billions of dollars of toxic waste CDO’s and other near worthless paper is a very bad idea.

This is a preview of Acts of Desperation Calm Financial Markets. Read the full post (369 words, 0 images, estimated 1:29 mins reading time)
24Mar2008 | taipan | 0 comments | Continued

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