Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: clutterer who wrote (66878)	7/25/2007 10:40:13 AM
From: mishedlo	Read Replies (2) of 116555

Liquidity Crunch Looms globaleconomicanalysis.blogspot.com The beginning of a liquidity crunch has arrived. The housing mess has spread from subprime to alt-a to prime. Sales of the securities used to pool loans and derivatives into new debt dwindled to $9.1 B in the U.S. in July from $42 B in June. The Fed will respond by lowering rates but it won't work. The steepening yield curve will be good for gold. Mish

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