European Tribune - Comments - The sky ain't falling

The sky ain't falling | 84 comments (84 topical, editorial, 0 hidden)

Re: The sky ain't falling (none / 0)

I agree foreign credit will dry up. I on the other hand doubt very much it will be because of the housing market slump, at least not directly.

Nil aon leigheas ar an ngra ach posadh

by redstar on Mon Nov 5th, 2007 at 05:45:15 PM EST
[ Parent ]

Re: The sky ain't falling (4.00 / 5)

And when foreign credit does dry up - which is due to the combination of fiscal and trade deficits, and the impossibility of raising interest rates to protect the dollar - the noise you will hear will be the sky falling.....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Nov 5th, 2007 at 06:12:08 PM EST
[ Parent ]

OTOH, there has been far more foreign ... (none / 0)

... participation in US mortgages in this asset bubble than previously ... precisely because of the collateralised debt obligations that created marketable financial assets from what was at one time likely to be either held by the originating bank to maturity, or sold off to Fannie Mae and Freddie Mac.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Nov 6th, 2007 at 11:01:37 AM EST
[ Parent ]

The sky ain't falling | 84 comments (84 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Clipping the wings of a judge
by Migeru - Feb 10
25 comments

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

Romania: protests change government
by DoDo - Feb 8
6 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
8 comments

Sarkozy: Enemies Ahoy!
by afew - Feb 10
6 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9

Bristol Pound
by ChrisCook - Feb 7
14 comments

Recent Diaries

Sarkozy: Enemies Ahoy!
by afew - Feb 10
6 comments

Clipping the wings of a judge
by Migeru - Feb 10
25 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
8 comments

Romania: protests change government
by DoDo - Feb 8
6 comments

Answers to the Renewable Energy Consultation
by Luis de Sousa - Feb 7

Bristol Pound
by ChrisCook - Feb 7
14 comments

The Imitation Of Germany
by afew - Feb 4
31 comments

Strange Fruit
by Frank Schnittger - Feb 4
14 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Mismatch with the Natural Gas Market
by Luis de Sousa - Feb 3
22 comments

The Future of Economics
by ARGeezer - Feb 2
191 comments

Desert Island Discs - Helen's distortions
by Helen - Jan 31
48 comments

Gorila
by DoDo - Jan 29
14 comments

Rail News Blogging #7
by DoDo - Jan 29
15 comments

Obama's State Of The Union: LQD
by Crazy Horse - Jan 25
74 comments

Democracy Technology
by gmoke - Jan 24
1 comment

The Hydrogen dream
by Luis de Sousa - Jan 24
49 comments

ET Paris Meet-Up 2012 (2 UPDATE)
by afew - Jan 23
113 comments

More Diaries...

Occasional Series

Click for full list