Gestern gab es einen U-turn von 100 Punkten beim Dow................

verfasst von Emerald, 07.12.2005, 06:10

-->haben möglicherweise einige Barfüsser kalte Zehen bekommen. Lies hier weiter:

quote:
``We've been hearing about risks of a house price bubble, easy credit and loans to borrowers that really don't qualify, and now in the last couple of months we're starting to see things turn for the worse,'' said Joseph Auth, a bond fund manager who helps oversee $135 billion at Standish Mellon Asset Management in Boston. ``We don't know if it's going to be a hard or soft landing.''

Mortgage securities with low ratings and loans from Ameriquest Mortgage Co. and New Century Financial Corp., two Irvine, California-based companies that specialize in lending to the 50 million people with histories of late payments and bankruptcies, yield the most in two years. The rise in yields reduced the value of loans made by lenders, resulting in lower profit margins and higher rates for consumers with bad credit.

The slump in the bonds is one of the first signs the housing boom is ending after the Federal Reserve's 12 interest- rate increases. Real estate has accounted for about half the economy's growth since 2001, according to Merrill Lynch & Co.

unquote.

PS: man kann auch rennen, und dabei hoffen dass die Wärme zurückkehrt?

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• Gestern gab es einen U-turn von 100 Punkten beim Dow................ - Emerald, 07.12.2005, 06:10