A year on the problems have just begun. "Nothing can save people depermined to grow suddenly rich". This mess will eventually break the whole securitisation of risk scam. You can remove risk from the home buyer and seller equation, but all you do is fuel a bubble that creates a giant systemic risk down the line. Today subprime CDO's, tomorrow commercial real estate CDO's and the day after LBO's of public companies. Main problem, money isn't money anymore..
Friday, 13 July 2007
Krugman on the US housing bubble
Paul Krugman from Princeton University predicts the biggest housing bust in history. It's international and its the real deal.
Real Estate Predictions 2007
Basis Capital should have watched this. The CDO/ARM/ disaster is just getting moving.
Thursday, 12 July 2007
Classic Science Fiction
Blade Runner: Final Cut will arrive in 2007 for a limited 25th-anniversary theatrical run, followed by a special-edition DVD with the three previous versions offered as alternate viewing. Besides the original theatrical version and director's cut, the expanded international theatrical version (Final Cut) will be included. The set will also contain additional bonus materials. FC will include added & extended scenes, added lines of dialogue, new SFX, and it will also contain newly shot scenes.
Saturday, 7 July 2007
One on One - The Dalai Lama - 30 Jun 2007 - Part 1
The Nobel Peace Laureate talks to Riz Khan about being a 'simple Tibetan monk'.
The Fabulous Picture Show -Scorsese Special- 30Jun07 -Part 1
The director of Taxi Driver and Goodfellas talks about his life in filmmaking.
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