Re: Foreign Exchange speculating
"Medgya" <medgyadal@yahoo.com> wrote in message
news:1190356362.506498.165030@y27g2000pre.googlegroups.com...
> On Sep 21, 3:24 pm, Medgya <medgya...@yahoo.com> wrote:
>> the bookstore has more than doubled over the past year. Lots of
>> sort of things, attempting to make the stock market seem, well...
>
> Hmmmm... Seems that Google doesn't like it when I include Japanese.
> What this said was "Lots of Kabushiki Nyuumon Nyuumon" sort of things.
> And the inevitable manga, too. Or in any case, a concerted push to get
> as many unprepared people as possible signed up for online trading,
> after which... well... you can guess.
>
>
Lots of US paper (notes) are sold in bundles so you might get a combination
of things. (kinda like finding a finger in your chili).
A few of years ago mortgage companies were issuing subprime loans to people
who could barley qualify.
In order to squeeze people into these loans they wrote them into adjustable
rate mortgage loans. (aka ARM)
The story being... go ahead and take the loan now and before the adjustment
period kicks in (in two years) you can refinance and beat it. " teaser rate"
So the mortgage broker told buyers (to get his commission) it was a good
idea...(bad idea greedy bastards).
What they didn't say was "when the adjustable mortgage changes your house
payment will go up forty percent".
Now mortgage companies have been foreclosing on these loans, the property is
sitting empty and the paper is garbage.
Mrs. Watanabe could have bailed out when the first drop occurred and she
could have cut her losses.
see
http://articles.moneycentral.msn.com/YourMoney.aspx?cp-documentid=5455179
Investors' willingness to gamble fueled the go-go atmosphere. Wall Street
firms kept pushing mortgage lenders to come up with higher-yielding loans to
sell to their customers.
Fnews-brouse 1.9(20180406) -- by Mizuno, MWE <mwe@ccsf.jp>
GnuPG Key ID = ECC8A735
GnuPG Key fingerprint = 9BE6 B9E9 55A5 A499 CD51 946E 9BDC 7870 ECC8 A735