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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (68134)	8/27/2007 8:35:12 PM
From: polarisnh	Read Replies (1) \| Respond to of 116555

Crimson, 'Why did the markets and the media downplay the subprime menace? ' I believe the reason is quite simple. The banks and financial companies hadn't completed moving all of their CDOs onto the public and were still caught holding the bag when the sub prime market blew up in their faces. At that point in time they had to do damage control by downplaying the problem through the media which they control until they could unload their holdings onto the public. Unfortunately for them, the market disappeared for their garbage and now they are trying to get the Fed to pony up and pass their losses onto the American taxpayers. It is kind of ironic how they didn't share their record earnings over the past 6 years but they want the taxpayers to share in their losses now. Very sick indeed. Steve

To: Crimson Ghost who wrote (68134)	8/28/2007 10:44:23 AM
From: Steve Lokness	Read Replies (2) \| Respond to of 116555

PNW housing still hot! Did I see this morning that Seattle housing prices were up 7.9%. That would be consistent with what I see in rural PNW 100 miles away from Seattle. The county assessor Friday told me that home prices are still very strong and that prices are still climbing significantly. Lots of building and lots of permits still being issued. Arrrrrgggg. These comparables will be used when I get reassessed next year. Valuations are often doubling and more since the last assessment. ........I'm not sure how this fits in with the national trends. Do we escape? Are we just late to the party? steve

To: Crimson Ghost who wrote (68134)	8/28/2007 12:17:45 PM
From: mishedlo	Respond to of 116555

Slope of Hope globaleconomicanalysis.blogspot.com Bullish analysts say stocks are cheap. The claims are typically based on a discredited "Fed Model" or forward earnings. But the quality of those earnings is dropping as are estimates. Others point to rates cuts by the Fed as the cure. But earnings have peaked and the rate cut theory is simply more misguided optimism down the slippery slope of hope. Mish

To: Crimson Ghost who wrote (68134)	8/28/2007 3:39:07 PM
From: mishedlo	Respond to of 116555

A House of Credit Cards globaleconomicanalysis.blogspot.com Credit-card companies wrote off 4.58% of payments in the 1st half of 2007, 30% higher year-on-year. The spike high in writeoffs after the bankruptcy reform act was passed will be taken out in due time. That law, which attempts to make consumers debt slaves forever, will backfire in ways not yet seen. What's the next shoe to drop? Read and find out. Mish

To: Crimson Ghost who wrote (68134)	8/28/2007 6:43:36 PM
From: clutterer	Respond to of 116555

Vanishing trader sparks fears of Nick Leeson replay August 29, 2007 HE was called him 'Captain Sensible' for the safe trades he made at Barclays Capital. But frantic colleagues are now worried he may be the next Nick Leeson. Leeson was the infamous Singapore-based trader who fled Barings Banks in 1995 after losing £830m ($2.5b) of company money. His illegal trades caused the collapse of Britain's oldest bank. Mr Edward Cahill, 33, quit last week when the multi-million-dollar investment schemes he was handling collapsed. Then he vanished, sparking fears of a financial crisis at one of Britain's biggest banks, reported the Daily Mail. Mr Cahill was Barclays' European head of collateralised debt obligations - where loans are broken up into parcels and sold. But many of these packages are believed to now be worthless because of the credit crisis in the US. Barclays Capital has brushed off the idea Mr Cahill was a new Nick Leeson. A bank source said: 'He would never have been in a position to do anything like Leeson.' Mr Cahill has not been seen at his £1m London flat, which he shares with his graphic designer brother, since he resigned last Thursday. Said Mr Michael Cahill, 28: 'I hope my brother is not the next Nick Leeson. I have no idea where he is, but it is not unusual for him to go off at times for days on end.' newpaper.asia1.com.sg

To: Crimson Ghost who wrote (68134)	9/6/2007 2:07:18 AM
From: elmatador	Read Replies (1) \| Respond to of 116555

Accountants don't give Signs Of An Impending Crisis, do they? All we have to do is to try to get the to know what is going on behind the figures. You live by the numbers? You die by the numbers. What do you think I keep doing in my thread? I keep try explaining to people to keep their eyes open for tricks behind the established "truths". As you have seen in the Enron and other major cases where people can be mislead into throw money away. Also look to the US government trying to keep control of the accountants using Sarbannes-Oxley, a device that per se, causes more trouble than control. Do you remember Arthur Andersen debacle and fall from grace? I haven't forgot.