It's No Time For Celebration...Not By A Long Shot - 08/25/07 01:52 AM
I posted an article today in the aftermath of last weeks Fed interventionas the market digested the move and now all is well. Or is it? I think not. It's no time to be "high-fiving" each other just yet. When an emergency intervention is called for it just means life threatening danger needs addressing right now. … (3 comments)
Friday's Emergency Fed Move Garners "Maestro" Accolades for Bernanke - But Who Did He Really Help? - 08/19/07 03:26 AM
The Federal Reserve Chairman Ben Bernanke called an emergency session Friday and announced a .5% discount rate reduction about 90 minutes before the opening bell. The futures trading prior to the announcement showed a much weaker opening before the announcement and quickly reversed once the Fed move circulated. Traders, analysts, and talking heads all praised the move … (6 comments)
Those Annoying "No Cost" Countrywide TV Spots and Lenox Radio Ads Have To Go! - 08/11/07 12:31 AM
I am so sick of hearing all those "No Cost" TV and Radio commercials touting a very dangerous misconception...basically that home loans are "free"...that I'd like to fling myself out a plate glass window. "No Costs" mortgage advertisers are simply preying on the financially "unsophisticated" with these ad campaigns and further muddying … (17 comments)
Subprime Meltdown Hits Europe - Stock Market Plummets! - 08/09/07 03:55 PM
I just finished an article on the subprime meltdown spilling over to Europe today causing the Dow to initially drop 200 points and push President Bush into a press conference... It also caused the largest central bank influx of cash ever in Europe....$139 Billion!...ouch! I predicted months ago on The Mortgage Insider Blog, … (4 comments)
Video Clip- Ya Gotta See It- Liquidity Panic Hits Wall Street! - 08/07/07 06:03 PM
I wrote a post on Jim Cramer's antics on CNBC as he literally comes unglued screaming at the Host...the ever vivacious Erin Burkett...about the "Armageddon" we now have facing mortgage liquidity! It's worth the 3 minutes to see what a guy with his ear to the market hears and passes on... Panicked Jim Cramer Calls … (5 comments)
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I posted an article today in the aftermath of last weeks Fed interventionas the market digested the move and now all is well.
