Economy, Housing Bubble, Credit Crunch and Stock Market
Source: http://blog.thomaspan.com/archives/166Posted on Monday, November 5th, 2007 | In Asia, China, Market Commentary
Contributed by: Thomas Pan (http://blog.thomaspan.com) -
Last month, we experienced large number of mortgage resets. The foreclosure rate doubled year over year. All the major banks and financial institutions have reported bad earnings led by both Citigroup and Merrill Lynch, which have no less than $8 billion write-down. This is just the beginning. As Jim Cramer has pointed out
A large group [...]
Last 5 posts by Thomas Pan
- Bye, Oil Bubble? - June 23rd, 2008
- Feng Deng’s China Investment Strategies - May 29th, 2008
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- Baidu: Riding The China Internet Dragon - May 26th, 2008
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 About Thomas Pan (http://blog.thomaspan.com)
Thomas Pan started to pay attention to financial markets when he was working for Yahoo! Finance. Reading financial books, magazines, newspapers and blogs is one of his major hobbies. His focus is on macroeconomics, economic megatrends and economic cycles, while he also likes to talk about individual securities and stock trading techniques. He maintains a personal blog site, ThomasPan.com, where he shares his insightful thoughts of the economy. Currently, Thomas holds a director position in a Silicon Valley non-profit organization, HYSTA (HuaYuan Science and Technology Association), promoting business relationships between US and China and introducing great business opportunities to US investors. Recently, he has successfully organized events for industry heavyweights, including Min Zhu (co-founder of WebEx), Qi Lu (EVP of Yahoo), James Liang (Chairman of Ctrip) and Jane Sun (CFO of Ctrip), to name a few. Thomas has many years of experiences in the Internet industry in Silicon Valley. He holds a M.S. in Computer Science from Duke University. |
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