by Tanta on 8/03/2007 07:46:00 AM
Friday, August 03, 2007
Well, it sounds better in Greek. Via Seeking Alpha, I present The Slatin Report:
Led by seismic subprime holdings, the roiling debt markets are casting a pall over the entire real estate sector. And so they should: published reports put the total number of unsold loans sitting in financial institutions' warehouses waiting to be resold at around $260 billion in the US and another $200 billion in Europe. And with investment spigots turning off across the US, that money is going to sit for a while. . . .
Yes, it's quiet out there. Too quiet.
Posted by Tanta on 8/03/2007 07:46:00 AM