Monthly Archives: July 2008

The next leg down: borrowers with good credit now defaulting

Posted on July 17, 2008 by Danielle Park

Over the past 36 hours, equity markets have been staging yet another relief rally. Days and even weeks of counter-trend rally are typical within on-going bear markets such as the present cycle. Bear markets typically grind investors down in fits … Continue reading →

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An epic tale of systemic poor judgement

Posted on July 16, 2008 by Danielle Park

A colourful and honest rant on the Big Picture this morning is a refreshing read: Idiots Fiddle while Rome burns: ” This is financial incompetence writ on a scale far grander than anything seen for centuries”. It reminds me of … Continue reading →

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How bad can things get from here?

Posted on July 16, 2008 by Danielle Park

Recently I am repeatedly asked, “how much worse can things get from here?” Firstly, no, the string of bad data does not surprise me. It has been a long time building. This downturn is long overdue. Anyone who is taken … Continue reading →

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