http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad.html Mon, 23 Nov 2009 00:29:23 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad.html#comment-5772 Anonymous Tue, 25 Mar 2008 15:44:00 +0000 http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad-subprime-calls/#comment-5772 Revolving credit card debt has also gone through adverse selection in the last cycle. Those without HELOC access dominate today's credit card revolvers. While this group does not have to worry about falling home prices, they will be hit hard in a recession. Revolving credit card debt has also gone through adverse selection in the last cycle. Those without HELOC access dominate today’s credit card revolvers. While this group does not have to worry about falling home prices, they will be hit hard in a recession.

]]> http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad.html#comment-5759 Anonymous Tue, 25 Mar 2008 13:11:00 +0000 http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad-subprime-calls/#comment-5759 Fitch is doing what it is suppposed to do (rememeber that Fitch, S%P and Moody are called Nationally Recognized Statistical Rating Org.). What do you expect them to say: for the past 50 years it has been this way, but now for some reason isn't, and it will be this other way and believe us because we say so? That is not simply their job. The last part is <br/>the investor's job. Fitch is doing what it is suppposed to do (rememeber that Fitch, S%P and Moody are called Nationally Recognized Statistical Rating Org.). What do you expect them to say: for the past 50 years it has been this way, but now for some reason isn’t, and it will be this other way and believe us because we say so? That is not simply their job. The last part is
the investor’s job.

]]> http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad.html#comment-5752 Anonymous Tue, 25 Mar 2008 11:24:00 +0000 http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad-subprime-calls/#comment-5752 I like how a complex financial organization uses a linear relationship to define the relationship between default and unemployment. Good thinking guys. Spreadsheets anyone? I like how a complex financial organization uses a linear relationship to define the relationship between default and unemployment. Good thinking guys. Spreadsheets anyone?

]]> http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad.html#comment-5750 Anonymous Tue, 25 Mar 2008 11:06:00 +0000 http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad-subprime-calls/#comment-5750 I think a bigger problem is that they are comparing unemployment rates of years ago to the current farce of stats. As an example the last unemployment report the unemployment rate dropped while jobs deceased by 63,000. They are quick to label people not looking for work compared to prior years. I think a bigger problem is that they are comparing unemployment rates of years ago to the current farce of stats. As an example the last unemployment report the unemployment rate dropped while jobs deceased by 63,000. They are quick to label people not looking for work compared to prior years.

]]> http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad.html#comment-5746 Anonymous Tue, 25 Mar 2008 08:23:00 +0000 http://www.nakedcapitalism.com/2008/03/fitch-repeats-error-that-led-to-bad-subprime-calls/#comment-5746 re: the analysis of these geniuses--on the farm where I was raised, we'd call it used hay re: the analysis of these geniuses–on the farm where I was raised, we’d call it used hay

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