Day November 6, 2007

CMBX?

Yes. CMBX. As in Commercial Mortgage Backed Credit Default Swaps. They’re currently going south big time, signaling that commercial real estate itself is in trouble. Wait, wasn’t subprime residential real estate just supposed to be a little blip and not…

Why oil prices are rising

Lots of people know what is driving up the price. It can be stated simply — the demand line has crossed the supply line – Production from Saudi Arabia and Mexico is slowing, China is importing much more and using…