Daily Archives: June 29, 2007

Credit-raters protect themselves more than investors

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

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Bank Worries Continue to Mount

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

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