Even on a Lazy Weekend

I guess it will be quite some time before finance people talk about something else.

The Wall Street mess has pretty much set off the alarm for markets to scramble for contingencies. This as the ordinary person is left to wait and see how its ripples will affect one who doesn’t bother with stocks and financial instruments more directly in danger of the scare from that part of North America.

That and more material on the topic coming in since the weekend has me dumping somewhat newer perspectives about it here.

  • Here’s a look at the credit culture and consumerism according to Ellen Tordesillas and Randy David. I’m not exactly clean credit-wise but I’m happy that I’m well in control. Consumerism has never been a problem with me though.
  • Here’s one of foreclosure’s many faces in the US. This one is set in Southern California. The inability of borrowers to pay off housing debt is one factor leading up to the downward spiral of the American economy.
  • Mortgage giant Fannie Mae is one of those big names in the queue of falling dominos this millenium has lined up so far. Here’s a Washingtonian Magazine article in 2002 pointing out the “potential risk to taxpayers” should it fall. The reference there was taken from this article which takes a look at the implications of the seemingly prescient read.
  • Finally here’s an interesting read which criticizes all the talks and write-ups on the current financial crisis in US paralleled with the Great Depression of 1929.

Yup. I still have a lot of time in my hands.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: