This simple table shows how we have done Year-to-Date (past 8 months):
Here are the same countries returns, Quarter-to-Date (beginning June 30th close)
If the most bullish thing markets can do is go up, than what might these returns imply . . . ?
Asian, European stocks plunge
Associated Press, August 16, 2007
To be filed under "Better-Late-Than-Never" regulatory actions: The Federal Reserve is considering the following changes in Sub-Prime lending disclosures:
The federal financial regulatory agencies today issued proposed illustrations
of consumer information for certain adjustable-rate mortgage (ARM) products
described in the agencies’ Statement on Subprime Mortgage Lending (Subprime
Statement), effective July 10, 2007. The Subprime Statement recommends
communications that ensure consumers have clear, balanced, and timely
information about the relative benefits and risks of certain ARM products. The
illustrations are intended to assist institutions in providing this information.
(Below is a table of the proposed changes)
So is this a case of too-little-too-late, or might this actually accomplish something positive?
What say ye?
The rest of the proposed changes are after the jump . . .