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


To: Travis_Bickle who wrote (71052)11/9/2007 10:24:13 AM
From: 10K a day  Respond to of 116555
 
Yah. And WaMu caused the housing bubble. Get real. :)



To: Travis_Bickle who wrote (71052)11/9/2007 11:44:59 AM
From: mishedlo  Respond to of 116555
 
Homebuilder Credit Default Swaps November Update
globaleconomicanalysis.blogspot.com
Except for KB Homes, the cost of credit insurance (likelihood of default) is up across the board since September 25. In march, Standard Pacific, Beazer Homes, Hovnanian all had CDS spreads at 200+ basis points. The market is now pricing in a sharply increasing likelihood of bankruptcies for SPF, BZH, and HOV, and smaller increases across the board.
Mish



To: Travis_Bickle who wrote (71052)11/9/2007 11:46:35 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
On purpose?
Does it matter?