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Welcome to Subprime Phase 3

1 Comment » Written on May 23rd, 2008 by
Categories: Commentary, Subprime
After Phase 1 of subprime in Aug 2007, and Phase 2 in Feb 2008, we are now going into Phase 3 of the crisis.

I'll explain later about why I think so, because I'm feeling terribly tired today. June-July 2008 should be when it all comes out. Only this time it will not be related only to subprime. This time it will not be related only to the US.

Hints: The usual suspects are oil, inflation and commodities. We have as guerilla warriors US bank further losses from MBS and CDOs, huge foreclosures and loan resets coming up, NPAs in India rising, politics, failure of big-assed companies and banks, and a return of the carry-trade-unwinding.

Coming soon to a theater near you.

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This entry was posted on Friday, May 23rd, 2008 at 7:03 PM and is filed under Commentary, Subprime. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company in Gurgaon. He also provides data research and consulting services in the financial markets space. Connect with him at deepakshenoy@gmail.com.

One Response to “Welcome to Subprime Phase 3”

>Agreed the third phase is simmering ! Though i was going to pick September/October as the month of unravelling for sentimental reasons and also to give some credit to the powers to be to cast their bandied about influence on the markets as the PPT (not the file extension). watching the TED spread for pointers. Great Blog adn one of the very few sensible ones on the market and economy ! keep up the good work !

Sai
05.24.08 at 7:38 AM
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