No Nicleeson! You cant judge it by what the stockmarket does because that is driven by the hype! Here, listen to this:
Roger Cole, the Fed’s Director of Banking Supervision and Regulation, told the Senate Banking Committee today that he didn’t see “spillover effects from the problems in the subprime market to traditional mortgage portfolios….”
Also, it is not defaulters so much that is killing subprime mortgage lenders. It is the banks who are refusing to give them easy credit anymore! I certainly would not lend them my money either!
- Forums
- ASX - By Stock
- XJO
- economy versus stockmarket correction
economy versus stockmarket correction, page-19
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a |
Open | High | Low |
7,889.6 | 7,969.1 | 7,889.0 |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
XJO (ASX) Chart |