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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (345610)8/3/2007 2:02:14 PM
From: Road Walker  Read Replies (2) of 1575626
 
re: We are starting to see subprime lenders go under. I am expecting that most will be gone by the end of the year. I don't think any major banks will go under which is a big plus. And I expect at least one homebuilder to go under. I also expect that many people who bought homes in 2006 particularly subprime properties will probably walk. That means we will have a housing inventory hangover well into 2009. None of this is pretty but he could be much worse.

What's your thoughts?

I'm more worried about the credit markets, hedge funds. If there is a lot of worthless paper floating around then liquidity might dry up and lead to a serious recession. If the easy cheap money that we've enjoyed since the 90's goes away, a lot of the economy goes away with it.

I think that risk is being priced into the markets right now. If there is some demonstrative crisis it could send people to the exits in mass.

Then again, maybe not <g>.
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