MaxedOutMama
Friday, August 03, 2007
No Guts, No Glory
It's a rout and a panic for lenders, and it is now affecting the markets. Over 500 billion in loans are just stuck in the clogged financial arteries. Cramer's on-air meltdown didn't help any, and it sure isn't going to help the markets - because CR is correct. This is a risk re-pricing, and cutting interest rates won't help matters. It might well make them worse. The better approach might be to raise rates.
Don't panic. Instead, watch it with a soundtrack. This is a near perfect musical history of this bubble.
And when you get bored watching the indexes fall, you can always read a little.
Your soundtrack songs:
Don't panic. Instead, watch it with a soundtrack. This is a near perfect musical history of this bubble.
And when you get bored watching the indexes fall, you can always read a little.
Your soundtrack songs:
1.Lynyrd Skynyrd: Sweet Home AlabamaNote: Look at HSH weekly trends for real numbers and rational analysis, not Cramer. What's happening is that riskier loan terms are now carrying a much higher interest rate, which is a rational move. When a market can't withstand a solid dose of rationality, that market has a problem.
2.Kansas: Carry On Wayward Son
3.Boston: More Than a Feeling
4.Tom Petty: Won't Back Down
5.38 Special: Caught Up In You
6.Eagles: The New Kid in Town
7.Fleetwood Mac: Dreams
8.Journey: Wheel in the Sky
9.Lynyrd Skynyrd: Free Bird
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ed in texas
Glad you're back, hope you had a good sojourn.
Rationality I can deal with. What's been bothering me has been the 'Hollywood' effect, the willing suspension of disbelief. Sort of Fantasy Island on the Hudson.
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Glad you're back, hope you had a good sojourn.
Rationality I can deal with. What's been bothering me has been the 'Hollywood' effect, the willing suspension of disbelief. Sort of Fantasy Island on the Hudson.
# posted by 
: 7:31 AM
: 7:31 AM 
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