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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (84976)	8/13/2007 11:40:45 PM
From: bart13	Respond to of 110194

Well put, and we're in basic agreement.

To: regli who wrote (84976)	8/14/2007 12:05:47 AM
From: GST	Read Replies (1) \| Respond to of 110194

<the start of the end of Bretton Woods II> I am interested in hearing more of your views on this -- do you see a new "regime" taking shape?

To: regli who wrote (84976)	8/14/2007 1:43:04 AM
From: critical_mass	Read Replies (3) \| Respond to of 110194

This post which quotes an NYT article puts the subprime crisis in perspective. Message 23786330 snip "The total mortgage market in the United States is roughly $10.4 trillion. Of that, a little over 13 percent, or about $1.35 trillion, is subprime — certainly a large sum. Of this, nearly 14 percent is delinquent, meaning late in payment or in foreclosure. Of this amount, about 5 percent is actually in foreclosure, or about $67 billion. Of this amount, according to my friends in real estate, at least about half will be recovered in foreclosure. So now we are down to losses of about $33 billion to $34 billion." Maybe it is more than just the US subprime that is causing problems. Derivatives perhaps? Would you trust the competency of any banker that bought billions in US mortgages, but was not aware of the loose credit conditions?

To: regli who wrote (84976)	8/14/2007 9:10:29 AM
From: forceOfHabit	Read Replies (1) \| Respond to of 110194

regli, I expect that the major fallout from current events will be the start of the end of Bretton Woods II as a result of foreign distrust in U.S. packaged securities. I wonder if this will also accelerate the ascendancy of London over New York as the center of global finance. Sarbanes-Oxley, increased anti-terrorist and money laundering scrutiny, the arrest of the CEO of a publicly traded, foreign (British) based internet gambling company. Anybody for a long London (LSE.L) short New York (NYX) trade? habit