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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Asymmetric who wrote (72997)3/4/2007 6:22:57 PM
From: saveslivesbydayRead Replies (1) | Respond to of 306849
 
I guess we will find out soon just how leveraged the world is.

IMO a derivatives default would set off a global financial crisis.

I guess that would be Karma for all of the speculative excesses of late.



To: Asymmetric who wrote (72997)3/4/2007 7:25:30 PM
From: OblomovRead Replies (1) | Respond to of 306849
 
Many commentators remarked on the Fortress IPO as a sign of a top, but I prefer this example:

finance.yahoo.com

They don't claim much exposure to subprime mortgages, but an unraveling such as Kass outlines would smack them hard.