tag:blogger.com,1999:blog-5880610.post112736629734653422..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Exporting mortgage riskSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5880610.post-1127840908881681932005-09-27T13:08:00.000-04:002005-09-27T13:08:00.000-04:00The leverage and illiquidity of derivatives remind...The leverage and illiquidity of derivatives reminds me of a documentary on tunnel building circa the last century where the nitro-glycerin was transported by donkey drawn carts into the mountains. sometimes the carts and donkey would go unstable after being shocked by a bump in the road. After M-M' goes boom, M-C-M' will be all the rage again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1127410090530812932005-09-22T13:28:00.000-04:002005-09-22T13:28:00.000-04:00Blood bath can be in US too after all the foreigne...Blood bath can be in US too after all the foreigners damp US bonds... although barely realistic, still a scenario.<BR/><BR/>who said that about us dollar to the French prime minister:<BR/>"It's our money, but your headache"<BR/><BR/>people do remember what happened after that...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1127403955069650782005-09-22T11:45:00.000-04:002005-09-22T11:45:00.000-04:00Steve, love the blog, and I agree, Asian and Europ...Steve, love the blog, and I agree, Asian and European MBS holders are going to take a blood bath.<BR/><BR/>Foreign holdings of US MBS rose 26% last year, making them the fastest-growing source of demand.<BR/><BR/>Foreigners held $280 billion of U.S. mortgage securities at the end of 2004, or 6% of the total outstanding.<BR/><BR/>Asian investors now account for roughly 10% to 20% of mortgage Mr. Naybobhttps://www.blogger.com/profile/03141485178488436435noreply@blogger.com