Post by account_disabled on May 2, 2024 5:15:42 GMT 1
YI ZHENG FINANCIAL ANALYST Yes the greed of human beings have driven Wall Street to package all the mortgage backed securities that neither the buyers nor the sellers could fully understand or evaluate leading to an explosion of credit spread and an ensuing deterioration of assets as well as a further deleveraging of balance sheets which like dominos eventually morphed into all kinds of problems in the economy from housing to financial intermediaries and now to the manufacturing sectors. But is Wall Street the only one to blame for the current financial storm we are struggling with Packaging of credit products and short selling have always existed in the financial markets.
In fact Wall Street has so far renovated at a faster pace than government regulators can keep up with. Is it ultimately the fault of Wall Street to have developed too quickly or should the regulators have come up with vigorous regulations to take reins of the South Africa WhatsApp Number List wild market before it is too late US economy has just shed about half a million jobs last month and this all started with the collapse of housing market. Who is then to blame for its failure Is it the real estate brokers who have overvalued their products is it the mortgage market that has led to massive foreclosures Policy makers should be familiar with the danger of an over heated and over valued market.
We have seen the burst of dot bubble why is that we did not question before this crisis whether housing market too would one day go down the same route Now we are all calling a ZIRP zero interest rate policy policy in the world s major economies. But it is not that far away when we were still in the talks of actually hiking rates on back of soaring food and energy prices.
In fact Wall Street has so far renovated at a faster pace than government regulators can keep up with. Is it ultimately the fault of Wall Street to have developed too quickly or should the regulators have come up with vigorous regulations to take reins of the South Africa WhatsApp Number List wild market before it is too late US economy has just shed about half a million jobs last month and this all started with the collapse of housing market. Who is then to blame for its failure Is it the real estate brokers who have overvalued their products is it the mortgage market that has led to massive foreclosures Policy makers should be familiar with the danger of an over heated and over valued market.
We have seen the burst of dot bubble why is that we did not question before this crisis whether housing market too would one day go down the same route Now we are all calling a ZIRP zero interest rate policy policy in the world s major economies. But it is not that far away when we were still in the talks of actually hiking rates on back of soaring food and energy prices.