Research Zeitgeist: Top Posts and Hot Topics
It was “subrime-all-the-time” again at Research Recap during the latest week, with the top five posts all related to the topic in some way.
Two posts in particular were highly popular. Topping the list was US “Housing Bust” Effects To Linger Until 2009, in which Moody’s Economy.com offered little respite from the current woes. That view was borne out this week by the the release of the S&P/Case-Shiller Index, showing house prices in major markets fell a record 6.7% in the year through October.
Further adding to the misery, the Commerce Department reported today that new home sales fell 9% in November from October to a seasonally adjusted annual rate of 647,000, the lowest rate in 12 years.
Also very popular was the Role of Hedge Funds in Subprime Crisis Examined, an analysis of the evolution of the subprime crisis by Randall Dodd of the International Monetary Fund.
So Long SuperSIV, We Hardly Knew You played taps for the ill-fated M-LEC fund that was supposed to help untangle the Structured Investment Vehicle knot. Turns out the banks, including Citigroup, one of the fund’s sponsors, have largely taken the matter into their own hands.
The continuing appetite for posts designed to increase the understanding of the subprime crisis was evident in the BBC’s graphical interpretation, Subprime Illustrated, and The Rise and Fall of a Subprime CDO from the Wall Street Journal, which deconstructed one exemplar of the endangerd species.
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