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Month: November 2008

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ABX and CMBX: Meltdown

As I’d mentioned in a post one week ago, the ABX indices were hitting lows. Today I checked again, and every single price is at all time lows. The ABX ...

Real Estate in Denial

(Whisper) Real Estate Developers think it’s a great time for you to buy a house, because prices have “bottomed out“. Agreed Rohtas Goel, CMD, ...

ICICI Home Finance Offers 11.5%

From Economic Times: ICICI Home Finance has launched a special offer on fixed deposits with an interest rate at 11.15 per cent per annum, payable annually on ...

SBI Chief says 50% real estate correction likely

SBI’s O.P. Bhatt says: “In India we may witness up to 50% correction in pricing in the mortgage markets. If that happens, it’s good news for the ...

Why aren't we seeing fuel price cuts?

Political and Economic nightmare: World going into recession, everyone’s worried about serious asset price deflation, Auto and Steel companies are ...

A gripping story about Dick Fuld and Lehman Brothers (Bloomberg): The end came after months of frantic activity to find a solution — reaching out to, ...

GM At An Inflexion Point, CDS isn’t so bad

Bloomberg: General Motors Says It May Run Out of Operating Cash This Year General Motors Corp., seeking U.S. aid to avoid collapse, said it may not have enough ...

WTF: Business World on RBI

Business World has an article on the RBI: “Lost in Minutiae“. I find glaring inconsistencies in the article, like: The latest measures of the ...

ICICI CDS at 934 bps

Credit Default Swaps on ICICI are trading at 934 bps, according to Markit. Credit default swaps are basically insurance against defaults. What the 934 means is ...

Markit ABX indices still at or near all time lows

Increasing liquidity (TED spread at 2!) hasn’t helped subprime prices it seems. The Markit ABX prices, for 07-2 AAA (The AAA tranche of home equity ABS ...