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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (20430)	7/25/2007 12:23:27 AM
From: TobagoJack	Respond to of 217588

you are ok in my book, fwiw, just misplaced your faith, as will be demonstrated by developments, awful days after terrible nights.

To: carranza2 who wrote (20430)	7/26/2007 2:31:12 AM
From: elmatador	Respond to of 217588

Decoupling test: U.S. Subprime Woes May Hit Emerging Markets, ING Says Volatility for emerging market debt is likely to rise by the end of the month as 28 U.S. subprime loan originators, home builders and building-material makers will report second-quarter earnings, wrote David Spegel, head of emerging-markets strategy at ING in New York. Results for nine of 13 companies that have already reported reflect poorly on upcoming data, he said. Carranza2, lets see the result of this test after end of this month. U.S. Subprime Woes May Hit Emerging Markets, ING Says By Guillermo Parra-Bernal July 25 (Bloomberg) -- Emerging market debt will remain volatile for at least the next two weeks as a slew of earnings reports from companies affected by the slumping U.S. housing and subprime-mortgage markets are likely to disappoint investors, according to ING Bank NV report. Volatility for emerging market debt is likely to rise by the end of the month as 28 U.S. subprime loan originators, home builders and building-material makers will report second-quarter earnings, wrote David Spegel, head of emerging-markets strategy at ING in New York. Results for nine of 13 companies that have already reported reflect poorly on upcoming data, he said. ``The implication of the heavily loaded calendar for real estate related company earnings is that credit market volatility may be expected to continue to feel related pressure for the next two weeks,'' Spegel wrote in the report, dated yesterday. ``Although something of a ``safe-haven,'' emerging market debt may still suffer contagion or see outflows as money searches for cheaper assets on a relative credit risk basis.'' Yesterday, bonds of developing nations and their companies posted losses for the third straight day as the fallout from losses on securities tied to home loans to U.S. citizens with poor credit hurts other markets. At least 35 bond and loan deals worldwide have been canceled or restructured since mid-June because of investor worries about subprime mortgage losses. Earnings Reports The spread, or extra yield, on emerging-market bonds over U.S. Treasuries reversed an early decline and widened 2 basis points to 1.95 percentage points at 2:30 p.m. New York time, according to JPMorgan Chase & Co.'s EMBI Plus index. Today's reading was the highest in at least six month. A basis point is 0.01 percentage point. A total of 15 companies with $32 billion of debt will report earnings by tomorrow, including Atlanta-based Beazer Homes USA Inc., which builds single-family homes in the U.S. South, and; Capstead Mortgage Corp., a Dallas-based real estate investment trust. Beazer is expected to report a drop in profit to about 28 cents a share, according to a Bloomberg survey of analysts. Fort Worth, Texas-based D.R. Horton Inc., the second-largest U.S. homebuilder, said earlier this month that it plans to report a third-quarter loss when it releases results tomorrow.