If people can’t pay their mortgages, why on earth would they pay back their Prosper loans? Evidence to this is my own Prosper.com portfolio, which is a mix of credit ratings:
And this is exactly why I am taking money out as fast as it gets paid back (which isn’t very fast at all!).
How is your [...]
Archive for the ‘Economy & Markets’ Category
Prosper.com borrowers also hit by credit crunch
Posted in Economy & Markets, tagged Credit Crunch, Prosper on September 4, 2008 | Leave a Comment »
Washington Mutual – the next big bank to go?
Posted in Economy & Markets, tagged bank failure, FDIC, Washington Mutual on July 14, 2008 | 1 Comment »
If you’ve been paying attention to the US banking system you’ll know things are a mess. With IndyMac failing, a projected $4 – $8 billion, or roughly 10%, of the FDIC’s reserves will go bye-bye. Several large near-term failures will whomp the FDIC and leave citizens wondering – is my money safe?
Washington Mutual is in line [...]
Calendar Year Country Fund Returns: 1997-2007+
Posted in Economy & Markets, tagged EWZ on May 19, 2008 | Leave a Comment »
Another great article that displays country fund returns. Again, as I have mentioned before EWZ still looks pretty good. Beware however, Brazil has been getting a lot of attention and in my opinion is running the risk of being overbought.
http://seekingalpha.com/article/77694-calendar-year-country-fund-returns-1997-2007
VISA is finally here!
Posted in Economy & Markets, tagged Investing, IPO, VISA on March 19, 2008 | 1 Comment »
Congrats to all of those who were able to nab a few shares as it hit $55 today. As of this post it is trading around $60/share. Originally priced @ $40/share price was upped last night/late this morning to $60/share. Continue to watch and see how this stock performs. Things should be interesting.
Google Finance for [...]
Fed Cuts Rate by 3/4 point
Posted in Economy & Markets, tagged Fed rate cut on March 18, 2008 | Leave a Comment »
The FOMC reduced the fed funds rate to 2.25%. Yay cheap money, boo inflation!
Big Tuesday
Posted in Economy & Markets, tagged ADBE, Big Tuesday, BSC, GS, LEH, rate cut on March 17, 2008 | Leave a Comment »
Tomorrow promises to be eventful day after this weekend’s fiasco that is the JP Morgan purchase of Bear Stearns for $2 a share. The buyout, in combination with the Fed’s lending rate cut of 25 basis points on Sunday, had serious impact on markets around the globe. Japan ended lower by 3.7% and the rest of Asia is down [...]
Here comes VISA!
Posted in Economy & Markets, tagged Investing, IPO, VISA on March 16, 2008 | Leave a Comment »
As a follow up to my previous post. Here lies another informational post for Visa. Seekingalpha did a great job summarizing the Visa information here. Remember the company is going public sometime in the coming week 3/17.
Paulson Remarks on PWG Recommendations
Posted in Economy & Markets, tagged consumer education, paulson, president's working group recommendations, pwg on March 13, 2008 | 1 Comment »
Treasury Secretary Henry Paulson remarked today on the President’s Working Group on Financial Markets (PWG) recommendations regarding the recent market turmoil. The recommendations boiled down to more transparency, risk management and regulation. Paulson had the following remarks about the six key objectives:
One, stronger transparency and disclosure. The challenges of complexity were exacerbated by opacity. The best antidote to [...]
Gold and Commodities are UP!
Posted in Economy & Markets, tagged DBC, EWZ, FXI, GDX, GLD, IFN, UNG, USO on March 13, 2008 | Leave a Comment »
As I posted earlier this week, it looks like Wall Street finally caught up, and realized that the Fed’s proposal to purchase bank debts is not such a great idea. This in turn drove up prices in Oil and in gold. Seeking Alpha had a great visual representation of various commodities.
Don’t Jump too Quickly
Posted in Economy & Markets, tagged Fed rally on March 12, 2008 | Leave a Comment »
As a follow up to my post last night. It looks like others agree.
Beware the sucker’s rally
Wall Street’s big move Tuesday does not mean that the worst is over for bank stocks. There are some values in the market but investors need to be careful.
Don’t lose your head and keep your cool. ~ Ian
