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

To: Perspective who wrote (71411)	11/19/2007 4:39:28 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Point of No Return globaleconomicanalysis.blogspot.com Credit default swaps on homebuilders continues to deteriorate. Standard Pacific, Beazer Homes, and Hovnanian may have all reached the point of no return. In addition, Meritage and Lennar are rapidly losing ground on a percentage-wise basis. Mish

To: Perspective who wrote (71411)	11/19/2007 5:35:43 PM
From: RealMuLan	Respond to of 116555

Bond Market to Fed: Recession Threat Means More Cuts (Update4) bloomberg.com By Daniel Kruger Nov. 19 (Bloomberg) -- The headline in the financial futures market these days says Federal Reserve Chairman Ben S. Bernanke is withholding some vital information: The economy is so bad the central bank will have to lower interest rates at least three-quarters of a percentage point to avoid a recession. Bernanke's two rate cuts since September failed to reassure the bond market, where volatility has risen four of the past five weeks, according to Merrill Lynch & Co.'s MOVE Index. Yields on Treasury bills, the haven for bond investors in times of turmoil, are near their lows of August, when losses on securities backed by subprime mortgages froze credit markets.