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this is the tip of the berg.... Big Ben needs to start bailing..... http://today.reuters.com/news/articlenews.aspx?type=domesticNews&storyid=2007-03-29T184850Z_01_N28302234_RTRUKOC_0_US-USA-SUBPRIME-FORECLOSURE.xml&src=rss&rpc=22

IMHO...the fix is in....if China wont revalue then the Fed. will devalue.... gold and silver are popping hard....and the Dollar index will reopen at 6 PM central tonite...I'll be watching

yea really, the Fed. statement should have read...."we are pleased with the pace of dollar devaluation and intend to bail out the sub prime market without anyone noticing...... it will soon be cheaper to light your BBQ grill with dollars rather than petroleum based starter fuel....

treasury paper is about the only thing that didnt tank this week, and the Yen/Dollar action was bizarre..... I guess it's high time i panic out of my Long Chinese bicycle tires / Short Russian Vodka trade.....

when they drain the swamp....many a corpse will be found....

what comfort.....the NYSE imposed trading collars and then completely screwed the "reopen"...I mean how much cash did they drop on that system?? and Thain was walking around with his thumb in his ass.... so what hope is there for some OTC butterfly unwind... sleep tight..............

good to see the Chinese Plunge Protection Team is in action tonite...attaboy Charrie

before you carry trade guys jump out of a window someplace...... you may need some spiritual assistance before entering the credit default after life.... you may consider joining this e-church to put a meaningful spin on what's left of your portfolio...

HA....CNBC's sphincter muscules are in spasm mode........ "it's an orderly panic"

I cant seem to get a decent spread quote on sub prime vs. the 10 year but someone said the spread has blown out to 1200 basis points

CDS.......Enron with a Coupon

so how do you know the solvency of the CDS counterparty or will I be afraid of the answer

this is still my favorite chart until something else screws up and somebody charts it

gee ... I thought if you enter a swap agreement you had to own the paper to start with...I mean you have to swap something for the premium.... if is there a swap market with a ratio greater than 1:1 the next thing I'll hear is the earth is flat...

I have swamp land in Arizona.....would you be interested perhaps???

the Fed. is watching and will do anything to hammer gold prices...... Greenspan waved off the necessity for the CFTC to regulate gold derivatives, telling Congress to fear not, that the “central banks stand ready to lease gold in increasing quantities should the price rise.”...

M3 (reconstruct) is still running fast as liquidity is delivered by firehose...... looks like a J-curve

interesting to see that 175K people decided to die in January and drop out of the work force.... way to go people........... http://www.bls.gov/web/cesbd.htm

big bets? the fat thumbs cant afford to let the 10 year migrate out of the 4.5 - 5.0 channel or the currency market does a 3 sigma.... give me back the '80's and 120 tick weekly swings...them was the days

with the understanding that the credit bubble term gets thrown around by card carrying chicken littles...it is useful to read about it from time to time just to see what's out there.... here's one view that looks reasonable http://www.financialsense.com/Market/daily/tuesday.htm