“The real interesting question at the moment,” opined Alan Greenspan to CNBC yesterday, “why is the economy in the world still in positive territory?
“The United States is weakening, obviously, and it’s stagnant,” Greenspan said. “But we’re holding up, and the developing world, while coming down from its dramatically rapid rates of increase, has slowed, as [...]
Archive for September, 2008
Why is the economy in the world still in positive territory?
Posted in Economy on September 10, 2008 | Leave a Comment »
Market Update Fannie and Freddie Takeover 09/08/2008
Posted in Credit, Economy, Real Estate on September 9, 2008 | Leave a Comment »
Monday: 09/08/08 5
Treasuries were all over the place today as the news of the Fannie and Freddie takeover scared off traders. But the changed dynamics in the mortgage backed securities market spurred a heavy round of hedging activity that involved the purchase of Treasuries.
As a result, Treasuries recovered from their losses to finish with [...]
