Berkeley CSUA MOTD:Entry 48878
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2025/04/04 [General] UID:1000 Activity:popular
4/4     

2007/12/31-2008/1/7 [Reference/RealEstate] UID:48878 Activity:nil
12/31   http://www.reuters.com/article/businessNews/idUSN3155842820071231
        Analysts project -6.1% drop in earnings growth for 4Q07 for S&P500
        (down from +11.5% estimate released on Oct 1)
        But no problem:  Analysts project +5.1% growth for 1Q08!
2025/04/04 [General] UID:1000 Activity:popular
4/4     

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2008/10/12-15 [Finance/Banking, Reference/RealEstate] UID:51485 Activity:nil
10/12   Fannie and Freddie originated only 15% of subprime loans in 2006
        Private firms made nearly 83 percent of the subprime loans to low- and
        moderate-income borrowers that year.
        http://www.mcclatchydc.com/251/story/53802.html
        \_ But those horrid dark skinned people ruined our economy by letting
           the Democrats force them to take home loans they knew they couldn't
	...
2008/8/25-31 [Reference/RealEstate] UID:50962 Activity:nil
8/25    I don't understand this subprime thing. Why can't people
        just refi to get a new teaser rate? It's still historically low.
        \_ you probably don't have negative equity, e.g., bought at $500K with
           zero down, the place is now worth $350K and you paid interest-only
           for two years?
           \_ Why can't you just do interest-only until home prices go
	...
2008/4/7-12 [Finance/Banking, Reference/RealEstate] UID:49678 Activity:nil
4/6     Famed Venice eatery offering discount to 'poor' U.S. tourists
        http://www.csua.org/u/l8c
        'A sign posted outside the restaurant at the weekend reads:
        "Harry's Bar of Venice, in an effort to make the American victims of
        subprime loans happier, has decided to give them a special 20 percent
        discount on all items of the menu during the short term of their
	...
2008/3/11-13 [Reference/RealEstate] UID:49422 Activity:nil
3/10    http://www.youtube.com/watch?v=SJ_qK4g6ntM
        \_ Very funny! Is subprime a unique problem in the US? Or
           is it widespread to other countries?
           \_ http://en.wikipedia.org/wiki/Northern_Rock
              \_ Northern Rock did not underwrite sub-prime
                 loans. They ran out of cash when the short-term money
	...
2008/3/10-11 [Reference/RealEstate] UID:49411 Activity:moderate
3/10    The Long Johns on the credit crisis
        http://www.youtube.com/watch?v=SJ_qK4g6ntM
        \_ Very funny! Is subprime a unique problem in the US? Or
           is it widespread to other countries?
           \_ http://en.wikipedia.org/wiki/Northern_Rock
              \_ Northern Rock did not underwrite sub-prime
	...
2008/2/21-25 [Reference/RealEstate] UID:49205 Activity:kinda low
2/20    Suburbs, The Next Slum?
        http://www.theatlantic.com/doc/200803/subprime
        \_ Well let me tell ya, city living SUCKS if you're having kids.
           The baby crying, the constant buying of baby/boy/girl things
           requiring lots of trips to/from the elevator, waiting for
           the elevator, people knocking your wall to shut your baby up,
	...
Cache (1495 bytes)
www.reuters.com/article/businessNews/idUSN3155842820071231
The sharp decline comes as financial write-downs and an economic slowdown take their toll on corporate results, pushing down forecasts for the fourth quarter. First- and second-quarter estimates have also fallen significantly. Analysts now expect first- and second-quarter earnings to rise just 51 percent and 5 percent, respectively, according to Ashwani Kaul, senior market analyst at Reuters Estimates. "The surge in analysts' conservatism is primarily the result of the subprime crisis in the US and globally and its impact on the write-downs in the financial sector," said Ned Riley, chief investment officer at Riley Asset Management. The financial sector, which has been battered by losses tied to subprime mortgages, is expected to see year-over-year earnings down 62 percent in the fourth quarter. "Forecasters are also becoming more sensitive to the possibility of recession in the United States, and those macro forces will exert huge influence over consumer spending in the United States as well as globally," Riley said. There were more profit warnings than positive pre-announcement statements in December, according to Reuters Estimates. Of the companies that gave forward-looking guidance statements, 193 companies gave negative guidance compared with 161 that gave positive guidance. com, video, mobile, and interactive television platforms. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests.