Homestead mailing list

["Lisa K.V. Perry" <lisakvperry AT gmail.com>]

On Wed, Oct 1, 2008 at 12:21 PM, Lisa K.V. Perry <lisakvperry AT gmail.com>wrote:

> On Wed, Oct 1, 2008 at 7:56 AM, bob ford <bobford79 AT yahoo.com> wrote:
>
>> This is the best simple language explanation of credit-default-swaps that
>> I have read.
>> -----------------------------------------------------------------------
>>
>> The $55 trillion question
>>
>> " CDS are no mere artist's fancy. In just over a decade these privately
>> traded derivatives contracts ballooned from nothing into a $54.6 trillion
>> market. CDS are the fastest-growing major type of financial derivatives.
>> More important, they've played a critical role in the unfolding financial
>> crisis.
>
>
> I've read that the derivative market is next.
>

Actually, I've also read that commercial real estate problems are on the
horizon, what with a glut of commercial properties in some locations and
stores closing or businesses going under.

Sorry to be so cheery today.

lkvp