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Odds 'n Sods:
Stressed borrowers use plastic to delay default
o o o
Writing in his most recent quarterly newsletter, economist John
Mauldin mentioned:
"...at the end of the second quarter, household mortgage debt [in the United
States] totaled $10.143 trillion, compared with $4.295 trillion in 1999. Thus,
in six and a
half years
the household
sector's mortgage debt increased by $5.8 trillion, or 136%."
o o o
Chester sent us a link to a
hilarious YouTube video on hedge funds, credit derivatives, SIVs, and government
bailouts.
o o o
Thanks to Eric S. for sending this article: NYSE
Eliminates Trading Curbs Dating Back to 1987. Now wouldn't it be ironic if...
