a tremendous body of analysis ...





a tremendous body of analysis ...





and the housing market taking a dive causes other financial fallout as well ...
"Just a Risklove Rumor?
Friday, November 17, 2006
Story is making the rounds of a big carry trading Risklove blow up. This is getting to be a pattern, isn’t it? The best quote of the month goes to a Goldman Sachs head honcho on deal financing:
“The things we are seeing being done, both on the investment grade side and the non-investment grade side, are I would say borderline stupid,” he (Leouzon) told the Reuters Investment Banking Summit in London.
Important read on California’s dependence on Bubble economics for tax receipts, and the effect on the emerging Bust. Separately, a California Legislative budget analyst comments,
The real estate industry, which includes developers, contractors, real estate brokers, title companies and financial institutions, make up 15 percent to 20 percent of the state’s private sector economy. The slowdown in this industry was the largest single factor in a sharp decline in personal income growth, resulting in a drop in withholding tax payments from over ten percent in the first half of 2006 to less than five percent in the third quarter, Hill reported."(snip)
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