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Post by jeffolie on Jul 8, 2007 12:20:10 GMT -6
Last year there were $500 billion in CDOs sold, and half of it subprime. In June, there was only $3 billion. news.goldseek.com/MillenniumWaveAdvisors/1183929767.phpSales of CDOs have gone from $20 bil in May to $3 bil in June. That is a heck of a dropoff. It isn't 0, but it is a big drop. Just because they are still selling, does not mean they are selling at the same spread. Evidence is that they are selling at a large discount.
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Post by unlawflcombatnt on Jul 8, 2007 22:34:41 GMT -6
[/url][/quote] I read the same thing yesterday, and I thought it was a mis-print. A monthly total of $3 billion is an annual rate of only $36 billion. That's well over a 90% decline from last year. This I had not heard. That's a huge monthly drop. And even May's $20 billion would have only been a rate of $240 billion/year-- less than half of the previous year's $500 billion.
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