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Subprime Meltdown: From U.S. Liquidity Crisis to Global Recession

by on Oct 24, 2008

  • 8,486 views

How the housing market spilled over into the credit market and that spilled over into the stock market and that spilled over into your local supermarket.

How the housing market spilled over into the credit market and that spilled over into the stock market and that spilled over into your local supermarket.

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  • nelson_p_oliveira nelson_p_oliveira Slde 13 contains a flaw. It states that if the monthly payment increases by 41%, income needed to increase by 41% to compensate. That is not correct, because the monthly payment is only a portion of income
    If that portion is 28%, then net income needs to increase by 28% x 41% = 11.5%.
    This is much lower than a 41% increase in income. Still a large amount and highly unlikely to occur
    for low incomes.
    3 years ago
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  • JoethePlumber Desi Joe, Having Fun at Plumbing :-) Charles,



    That is actally quite an innovative bail-out. The best thing about it is consumer directed and benefts the consumer directly vs potentially getting sucked into the corporate morass and getting lost in excess over there.



    It may actually work with some tweaking around. Although I dont think it will help people who are sub-prime as they would probably prefer bankruptcy to taking on a longterm personal liability.



    It will help people who have the ability to pay but need a way out of ARM adjustments to keep their heads above water. It is essentially replacing the HELOC that quite a few people took which are no longer avbl due to reduced values in homes.



    Will probably cost lesser than the 2.5T estimate. Can probably come out of the current bail-out plan.
    5 years ago
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Subprime Meltdown: From U.S. Liquidity Crisis to Global Recession Subprime Meltdown: From U.S. Liquidity Crisis to Global Recession Presentation Transcript