Financial Markets
The Unfolding Credit Crisis
With the collapse in the price of sub-prime mortgage backed securities and credit derivatives, the credit boom has moved into the crisis phase.
The Fed Bought What?
Unfortunately, by buying up MBS and propping up the market the Fed will only cause more harm than it already has.
A Falling Dollar, After All
It is hard to avoid the conclusion that the dollar could be ready for another beating.
Credit crunch + Market Rout = Central bank intervention
The turmoil in financial markets is eliciting the usual response from the central bankers, all up there in their Hueys, ‘Die Walkuere’
The Housing Bubble and the Credit Crunch
The turmoil in the credit markets now emanating from the collapse of the housing bubble can be understood in the light of the theory of the busines
What Caused the Liquidity Crunch?
It follows that liquidity could come under severe pressure if the Fed decides to cling to the current fed funds rate target whilst the economy is weakening.
Are Stock Markets a Swindle?
Aside from the error identified by Shostak this morning, another error concerning financial markets is th