Bear Stearns R.I.P. Wednesday, April 2, 2008
Posted by ei-forum in US Traded Stocks.add a comment
It is quite sad that it actually came to this…
A nervous Wall Street Tuesday, April 1, 2008
Posted by ei-forum in Miscellaneous.add a comment
Here’s a link to a very interesting article from DealBook. It talks about the current economic climate and how what appeared to only be a subprime problem, could spread to car loans, credit card debt and small businesses. The situation is far from recovering:
- the average diversified stock mutual fund has fallen 10.3 percent so far this year
- troubled mortgages, by some estimates have already resulted in more than $200 billion of losses
- mortgage rates remain higher than they might be, at around 5.9 percent for a 30-year loan
A Nervous Wall St. Seems Unsure What’s Next – Link.
Enjoy!
More of the same… Tuesday, April 1, 2008
Posted by ei-forum in Miscellaneous.add a comment
Just a quick update on recent news:
- UBS just announced that it would write down another $19 billion related to U.S. real estate and related structured credit positions and that its chairman, would step down.
- Deutsche Bank said that it expected a first-quarter loss of about $3.9 billion on write-downs of United States real estate loans and assets.
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