Monthly Archives: June 2007

Sorry to keep harping about the looming fall-out from mortgage defaults, but the issue is inevitably key to the health of all other asset markets at present.  When the foundation is rotten, and world liquidity has been built up on … Continue reading →

This week the BCA reports that Bank Worries Continue to Mount: “The bank index continues to spiral downward in relative performance terms. Concerns about loan quality are steadily building, a natural by-product of the freewheeling lending boom in recent years. … Continue reading →

Today the UK Telegraph quotes a Lombard Street Research report warning that the US faces a severe credit crunch as mounting losses on risky forms of debt catch up with the banks and force them to curb lending and call … Continue reading →