Posted by Jeflin on September 24, 2008
Since Monday, the “Paulson Plan” has been thrust into intense debates at Senate hearings as Democrats and Republicans unite in their dislike of this mind-numbing $700 billion bailout of the nation’s
financial system.
I find such actions amusing, if not hypocritical. Read the full article here.
Posted in Banking, Properties, Stocks | Tagged: $700 billion bailout, banks, investment, investors, mortgages, Properties, stock market, Stocks | Leave a Comment »
Posted by Jeflin on September 3, 2008
The US dollar, inspired largely by plunging oil prices and growing pessimism over the economic health of the EU and the U.K, is going gangbusters of late.
It traded at $1.4455 Wednesday, a seven-month high against the euro.
Coupled with the US government’s release of 250,000 barrels of oil… Read the full article here.
Posted in Banking, Business, Economy, Oil, Properties, Stocks | Tagged: banks, Business, commodities, Dollar, Economy, housing market, mortgages, Oil, Properties, speculators, Stocks | Leave a Comment »
Posted by Jeflin on August 18, 2008
While I still have substantial investments in blue-chips, I am less concerned about their performance than the poor outlook for Singapore private properties.
Such a trend does not bode well for the economy.
Read the full article here.
Posted in Banking, Business, Economy, Properties, Stocks | Tagged: banks, blue-chips, housing mortgage crisis, investment, investors, mortgages, Properties, property developer. Gross Floor Area, real estate, singapore properties outlook | Leave a Comment »
Posted by Jeflin on August 13, 2008
One year into the Aug 2007 subprime crisis, and the financial sector is still reeling from the after-effects.
Billions of dollars were injected into the money markets and interest rates slashed but the deleveraging journey remains arduous.
In fact, investors must prepare for more pain from the looming avalanche of housing mortgage defaults. Read the full article here.
Posted in Banking, Economy, Properties, mortgages | Tagged: Alt-A loans, Charles McKay, deleveraging, foreclosures, herds, investors, mortgage defaults, mortgages, negative equity, prime mortgages, subprime crisis | Leave a Comment »
Posted by Jeflin on July 25, 2008
Have you read about this news where a 53-year-old lady shot herself dead soon after faxing a letter to her mortgage company?
It is very sad for the family to experience such a tragedy but what is the underlying message to the US government?
Read the full article at http://jeflin.net
Posted in Banking, Economy, Properties | Tagged: bailouts, defaults, Economy, Fannie Mae, foreclosures, Freddie Mac, housing, mortgage industry, mortgages, suicide | 2 Comments »
