Too funny...
The Chinese are bailing out the Americans (who are bailing out their banks and the IMF) and the Germans (who are bailing out their banks and the IMF and the EU) and the Saudis (who are bailing out their banks and the IMF and Dubai) and the EU is bailing out Iceland and Ireland and...
FED NOT EVEN THINKING ABOUT RAISING RATES TILL 2012This is from the set of FOMC minutes from the April 27-28 policy meeting. I underlined the key sentence from this paragraph:
“Participants expected the economic recovery to continue, but, consistent with experience following previous financial...
Interesting analysis by economist David Rosenberg on the role of housing in the recent economic recovery in Canada.
"We did a bottom-up accounting from the GDP data to see just how much of the post-recession recovery in Canada has been due to the direct and indirect effects from the housing...
QUOTE (ThomasBeyer @ Apr 13 2010, 11:50 AM) the US has FreddieMac and FannieMae .. similar idea to CMHC.
The biggest difference between Canada and US is that most Canadian banks do not sell their mortgages .. thus in the US the perception of "risk" or the real risk of lending (i.e. not...
Amazing that new stories about how the credit crisis unfolded keep popping up - this one about a hedge fund that played both sides to make amazing returns - http://www.ritholtz.com/blog/2010/04/how-o...e-bubble-going/
Here is another view from a speaker with more credentials. Dannielle Park is experienced money manager that, notably had her clients in cash since 2007 before the bear started. She has been warning for a while of financial trends that points to a housing bubble -...
Article from WSJ raising concerns about the (too?) fast recovery of Canadian real estate - http://online.wsj.com/article/SB1000142405...0730017666.html
What are your thoughts?