Will Falling House Prices, Sink The Pound?
New Zealand Dollar: Decline to Accelerate Trading News Reports Thursday, 27 March 2008 22:01:42 GMT Will Falling House Prices, Sink The Pound? Dynamic Carry Trade Basket Wednesday, 26 March 2008 21:16:48 GMT
790s Credit Score Barely Enough In Today s Loan Market?
Here’s a guest post from Can I Get Rich On A Salary. Banks are falling, the Fed is jumping in aggressively, and the bigger players are acquiring the most distressed ones for pennies on the dollar. And the rumor went something like this: some lending institutions are going to start pulling home-equity lines of credit (HELOCs). I understood this to mean not letting people draw down on their existing equity lines. It s just a rumor, though it was passed on to me by a mortgage broker. As rumors a
Unwinding
Earthside Comments: Last week the central government and the Federal Reserve wound-up the financial markets as tight as they could. They poured hundreds of billions of dollars into investments banks, they cut interest rates, they pounded down precious metals and commodities, everything they could think of to keep the economic clock from springing apart. But, already we are beginning to see the unwinding. There is so much debt everywhere that nothing can rescue this economy except collapse, wri