European Tribune - Comments

Stuff | 54 comments (54 topical, editorial, 0 hidden)

Drew, do you have any idea how exposed the EU financial system is to the CDO debacle?

A doo run-run-run, a doo run-run

by ATinNM on Sat Nov 24th, 2007 at 01:39:36 PM EST
[ Parent ]

Re: Idle speculation (none / 1)

Please elaborate.

"There is mysterious music in democracy, when people decide to believe in themselves." ---Bill Greider, The Nation.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Sat Nov 24th, 2007 at 02:38:16 PM EST
[ Parent ]

Re: Idle speculation (4.00 / 2)

CDO = Collateralized Debt Obligations. These hunks of junk are bonds issued by banks "backed" - hahahahahahahaha! - by consumer credit card debt, mostly.

This will be the next domino, IMHO, to fall in the developing global financial re-adjustment.

Knowing the exposure, meaning how much money has been "invested" - hahahahahahahaha! - in these things, by EU financial entities: banks, hedge funds, & etc., goes some way to allowing us to forecast the health of the EU financial sector over, say, the next 2 years.

At least that's the reason for my question.

A doo run-run-run, a doo run-run

by ATinNM on Sat Nov 24th, 2007 at 03:47:26 PM EST
[ Parent ]

Re: Idle speculation (4.00 / 2)

Honestly, I have no idea how much exposure the European financial system has right now to the mess going on in America, let alone specific issues like the CDOs, but my sense is that, judging by the news from August to now, there is a good bit of exposure. A lot of European and Asian firms got involved in this, and a lot are going to be in serious trouble, I'd guess.

What the European macroeconomic picture will look like over the next few years is better for people like Jerome to discuss, because I'm not at all tuned-in to it.

WHEEEEEEEEEEEEEEEEEEEEE!

by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Nov 24th, 2007 at 04:16:57 PM EST
[ Parent ]

Re: Idle speculation (4.00 / 3)

Thanks, Drew. I'm in the same boat.

Jerome? Migeru? You guys got anything?

A doo run-run-run, a doo run-run

by ATinNM on Sat Nov 24th, 2007 at 05:13:33 PM EST
[ Parent ]

Stuff | 54 comments (54 topical, 0 editorial, 0 hidden)

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