there are some problems within the U.S. economy and its accompanying financial system that are serious enough to merit ongoing vigilance - and that may require some of us to adjust our portfolios or our investment strategies.
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About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning at Money Map Press.
[…] of credit default swaps, bilateral contracts, are impossible to value and impossible to guarantee, no one trusts them. As a result, everyone is afraid of these securities and […]
[…] the so-called 1st- and 2nd-tier "AAA"-rated securities. The problem escalated quickly and almost all of these securities were downgraded. That's not a surprise. Nor is it the whole story, for it leaves a key question […]
[…] of credit default swaps, bilateral contracts, are impossible to value and impossible to guarantee, no one trusts them. As a result, everyone is afraid of these securities and […]
[…] of credit default swaps, bilateral contracts, are impossible to value and impossible to guarantee, no one trusts them. As a result, everyone is afraid of these securities and […]
[…] sovereign and corporate – were overwhelmingly in junk bond territory, I had seen over years how late the rating agencies were in adjusting their ratings to the credit reality of the issuers in […]
[…] and the dollar, reducing U.S. living standards, raising interest rates and possibly even causing the rating agencies to downgrade U.S. government […]
[…] revelation by investment banker Bear Stearns Cos. that two hedge funds that had bet heavily on subprime debt trends were essentially worthless – spawning fears of a widespread fallout from the risky […]
[…] so-called 1st- and 2nd-tier "AAA"-rated securities. The problem escalated quickly and almost all of these securities were downgraded. That's not a surprise. Nor is it the whole story, for it leaves a key question […]