"Analysis Is Hard But Trade Is Easy"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #6,207
- Aug 10, 2007 7:13am Aug 10, 2007 7:13am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #6,211
- Aug 10, 2007 7:17am Aug 10, 2007 7:17am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
You can't believe everything you hear..They said the mortgage industry will not have a bubble...I guess they are wrong...
rgitt05
rgitt05
LONDON (MarketWatch) -- Standard & Poor's Ratings Services said it does not expect widespread negative rating implications from Western European banks' direct exposure to U.S. subprime mortgage-related instruments and the subsequent market volatility. "Although we expect that a number of banks will incur revaluation losses as a result of the spread widening, and to a lesser extent credit losses from the impairment of securities holdings, these alone are unlikely to materially change the improved and generally strong fundamental credit quality of the industry as a whole," said Standard & Poor's credit analyst Stefan Best. The European and global economic outlook remains sound, and corporate and emerging market credit quality remains supportive, it said.
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