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.
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. With his latest project, Private Briefing, Bill takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
[…] 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 […]