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Markets and Dollar Sink as Slowdown Fear Increases
We are experiencing among our clients an awakening that the United States is in big trouble. - Erik Nielsen, chief Europe economist at Goldman Sachs
Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. - John Mackay
A lot of people do the math and there still seems to be a big hole there. - Alan Ruskin, chief international strategist at RBS Greenwich Capital
If you think dogs can't count, try putting three dog biscuits in your pocket and then giving Fido only two of them. - Phil Pastoret
People are saying, "Well, is that all? If they were that wrong about so much, is it possible they’re still wrong?" - Brian Gendreau, an investment strategist at ING Investment Management
In archaeology you uncover the unknown. In diplomacy you cover the known. - Thomas Pickering
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
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From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
2 hours ago
2 comments:
Yes, it does seem that we're approaching the end of the "whistling past the graveyard" phase. Maybe its appropriate to think of what's unfolding in terms of the phases of grief: shock, denial, anger, depression, resignation, acceptance. Still quite a few in the denial phase but the really pissed-off public anger can't be too far off. There's a guilt phase in there too but somehow I don't see too many of the Boyz going through that phase.
There's a guilt phase in there too but somehow I don't see too many of the Boyz going through that phase.
I suspect it will just be the ones who can't make it past the "caught with hand in the cookie jar" phase.
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