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May 24, 2011
Housing Market Echoes Credit Crisis: DoubleLine CEO
"I kind of think we're looking at some type of echo in the credit crisis coming up here. That's what I'm sort of afraid of," said Gundlach, whose firm has almost $11.2 billion in assets under management.
Jeffrey Gundlach is worried. He thinks we've been "mind numbed" about housing and subprime. Check out the video. It is well worth your time.
ISM® Services Index Decreased to 50% in September; Prices Paid Very High;
Employment in Contraction for Fourth Consecutive Month
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(Posted with permission). The ISM® Services index was at 50.0%, down from
52.0% last month. The employment index increased to 47.2%, up from 46.5%.
Note: A...
1 hour ago
4 comments:
Stag,
Look at it this way. Our decades old policy of preventing disorderly failures on Wall Street is allowing for an orderly failure on Main Street.
There's a method to the madness.
Love your blog. Thank you for doing this, it is a great service for those of us who dabble in investment and appreciate good humor.
mab,
There is method to the madness. I'll devote a post to this!
Anonymous,
You are too kind!
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