Posts filed under “Credit”
You probably saw yesterday’s front page WSJ article, Subprime Debacle Traps Even Very Credit-Worthy.
The real fun was the great set of interactive charts on how your credit profile impacts underwriting and rates at WSJ.com:
courtesy of WSJ
How awesome is this New Century Rate Sheet?
courtesy of WSJ
You are your FICO score . . .
Getting to ‘Yes’
THE WALL STREET JOURNAL, December 3, 2007
Subprime Debacle Traps Even Very Credit-Worthy
As Housing Boomed, Industry Pushed Loans To a Broader Market
RICK BROOKS and RUTH SIMON
December 3, 2007; Page A1
A tale of two headlines:
Won’t someone please explain this to me?
How is it possible that the regions of the world with strong currencies — like Europe, U.K., Australia, and Canada — are having inflation problems. And yet at the same time, the nation having a record low currency — i.e., the United States and our Dollar — doesn’t seem to either inflationary pressures (At least according to official CPI data). And we seem to have little concern about further currency induced price increases.
Am I the only person who finds this incongruent?
If Goldman Sachs is correct, and the Fed does eventually cut rates to 3% — what might that mean for various dollar priced commodities like Oil & Gold?
Probably very little — if (and this is a big IF) we are in the throes of a recession. But what if the Bulls are right, and this is merely a mild mid cycle correction?
A 3% Fed rate could mean Oil at $150 and Gold at $1200.
Excerpts after the jump . . .
Inflation fears hit eurozone
By Ralph Atkins in Frankfurt and Krishna Guha in Washington
FT, November 27 2007 18:02
Goldman Sees Funds Rate Cut to 3%
WSJ, November 27, 2007, 9:26 am