Archive for October, 2008
Interesting to get the news that Japan have cut their base rate to just 0.30%. The Times reported today that cut is inline with growing concern that their economy may be falling into a recession. It also follows a 0.5point cut by the US Fed earlier in the week.
I wonder what knock on effect a [...]
I won’t pretend to understand hedge funds . . . all I know about them is the rumoured wealth accumulated by their captains! It seems though that a few of them may have come unstuck at the hands of the VW as its share price rocketed & then collapsed in a bizarre twist of fate.
The [...]
Whhhooooooof . . . OK so all this mortgage securitization business goes way over my head . . . but I’ve just had a great PR pinged into my inbox which answeres some very interesting questions. You can see the original article here.
Let’s start with the basics; What is mortgage securitization?
Very simply, it’s when mortgages [...]
I have to admit, all this talk of credit crunch, falling markets and housing crashes does my head in. Sure – it’s one of the biggest financial catastrophies ever, and I hope to God we’ll never see anything like this again, but I can’t help thinking SO WHAT?
Then I remind myself that:
Jobs are on the [...]
Nice to receive a letter from GMAC the other day informing me that my variable base aret has been reduced by 0.5% in line with that of last week BoE base rat cut.
Quick calculations revealed that that will save me about £60.00 a month – not to be sniffed at right now, I can assure [...]
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