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Stock Markets Plunge Worldwide |
| January 22nd, 2008 under Bond Market, Business, Economy, Finance, Market Update, Mortgage Blog, Stocks, Uncategorized, credit crunch. [ Comments: none ]
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LONDON (AP) — Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government’s stimulus plan to prevent a recession.
U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week’s market declines there circled through Europe, Asia and the Americas.
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No Reason To Pay The Mortgage |
| December 26th, 2007 under Credit, Cuture, Economy, Finance, Housing Crash, Housing Market, Lenders, Loans, Mortgage Blog, Mortgage News, Uncategorized. [ Comments: none ]
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THE Dow soared 200 points in a Christmas rush on Friday that belied emerging details that US banking, mortgage companies and credit rating faced collapse while the nation’s mortgage insurance industry plunged into chaos.
Nearly 180,000 US local councils were placed on credit watch, with the credit agency Fitch releasing another $US5.3 billion in credit downgrades [...]
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The Biggest Mess Since 1929 |
| December 8th, 2007 under Bond Market, Credit, FED, Finance, Housing Crash, Housing Market, Liquidity Crisis, Mortgage Blog, Uncategorized, bubbles, credit crunch. [ Comments: none ]
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It was Charles Mackay, the 19th-century Scottish journalist, who observed that men go mad in herds but only come to their senses one by one.
We are only at the beginning of the financial world coming to its senses after the bursting of the biggest credit bubble the world has seen. Everyone seems to acknowledge [...]
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