Increasing loss estimates

Thanks to Baseline Scenario and Calculated Risk, I came across this brief report from Standard & Poor’s that simply says that S&P is revising up its loss estimates from the Sub-prime and Alt-A mortgages-based Residential Mortgage Backed Securities of both 2006 & 2007 vintage.

On July 8th, the US stock market rallied again in the last 15 minutes based on… guess what.. recovery in energy stocks and in consumer discretionary stocks!  Yes, you read it right. Consumer discretionary stocks! Go figure.

08 Jul 2009 | By V Anantha Nageswaran | Concerning United States of America
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