SET CRASH-CON 2
With the total wipeout of the Bear Stearns funds, I can now move the CRASH-CONDITION rating from CRASH-CON 3, to CRASH-CON 2.
BSC is not the only grenade rolling around on the floor.
You know the lawsuits are coming and more and more hedge funds are going to blow.
Bennie B. can't cut rates to save us this time. The US Peso is hovering at the 80 line.
This will serve to dry up the liquidity pool for mortgages. Prices will be coming down, as will sales volume. This will tighten the vortex in the CDO market.
Run and hide. Run and hide...
BSC is not the only grenade rolling around on the floor.
You know the lawsuits are coming and more and more hedge funds are going to blow.
Bennie B. can't cut rates to save us this time. The US Peso is hovering at the 80 line.
This will serve to dry up the liquidity pool for mortgages. Prices will be coming down, as will sales volume. This will tighten the vortex in the CDO market.
Run and hide. Run and hide...
Comments
Dr. StrangeHome or: How I Learned to Stop Worrying and Love the Bond
I hope y'all enjoyed dow 14,000. You probably won't see it again until Fed funds is back under 3% and the U.S. peso is seen for what it really is.
Dollar near 80 level - check
Carry trade near unraveling - check
Hedge funds on verge of being decimated - check
builder sentiment near all time low - check
PREPARE FOR CRASH CON 2! All hands abandon ship!