Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Welcome to Subprime Phase 3

23 May 2008Deepak Shenoy1 min read

Quick Facts

What is "Welcome to Subprime Phase 3" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 23 May 2008.
How long does this article take to read?: 1 min read
What topics does this article cover?: Crisis 2008, 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.