Personal Investment Strategy, Tactics and Tips

Just to show how global the credit crisis has been. It’s hitting municipal councils in Australia and towns in Norway. Normal folks who probably have no idea what a CDO is, are going to face the fact that their towns, municipals and even hospitals may be a little grittier soon.
Lehman faces legal threat over CDO [...]

An interesting take on what the credit crisis fallout may have on the landscape of Wall Street banks. Traditionally run by “big, loud, back-slapping, larger-than-life, American executives”, this credit crisis has the potential of globalising the American financial markets. Elsewhere in the world, globalisation has been suspiciously seen as an encroachment of big Western companies [...]

Financial Times, 20 September
Fresh economic shocks on the scale of the current credit squeeze will occur if US house prices continue to fall, one of the country’s leading housing experts warned on Wednesday.
Robert Shiller, a Yale university economist, told a US congressional panel that he feared “the collapse of home prices might turn out to [...]

Financial Times, 3 September
The current turmoil in the financial markets has all the characteristics of a classic banking crisis, but one that is taking place outside the traditional banking sector, Axel Weber, president of the Bundesbank, said at the weekend.
“What we are seeing is basically what we see underlying all banking crises,” said Mr Weber, [...]

Further details on President Bush’s initiative in helping delinquent mortgage owners… On Friday, he gave hope to homeowners facing foreclosure — his administration’s first effort to tackle the expected wave of defaults hit by the mortgage crisis.
He emphasised that these steps are not aimed at bailing out lenders or speculators. It’s to assist homeowners with [...]