The financial world has been shocked by the
sudden crash in
the so called “Sub-prime” lending market.
For years major investment funds had freely
purchased bonds that paid
interest based on the repayment of subprime mortgage loans and now
many of
those outstanding bonds are in default.
Now the market is trying to predict how the
sudden default of millions
of dollars of bonds will change future investment decisions.
Now I’m not an investment advisor, and I don’t
follow any
particular stock or bond, however, I do try to follow the
macro-economic world
and what I’m seeing and hearing suggests that Wall Street is still
...