US Subprime - 09/30/07 01:26 PM
 
See below article by Benjamin Tal (CIBC econominst) regarding the US Sub Prime market
It’s far from over. The news from the US subprime space will get much worse in the coming year, with default rates surging to
unprecedented levels. But what really counts for the market is how much of this bad news is already reflected in current prices. It turns
out that not only did the barrage of negative headlines of recent months raise the level of market immunity to adverse subprime
news, but in fact, even after its recent improvement, the mortgage-backed market is currently pricing in a … (1 comments)

Economic forecast - 09/03/07 01:44 PM
World Markets – StrategEcon
Containing Contagion
CONTAGION - When an economic crisis in one country's bond or equity markets spreads to other countries which experience the same problems. The term comes from the more general definition of contagion, which is a highly transmittable disease. 
Just how damaging contagion effects will be to credit and equity markets remains to be seen.  Funding billions of dollars in the overnight market may not be the “Greenspan put” that the equity market had hoped for. However it is a strong commitment the central banks are not going to allow accidents in financial engineering threaten the … (0 comments)

 

Beth Jeysman (Lic M08000227)

Burlington, ON

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