http://www.bloomberg.com/apps/news?pid=20601087&sid=a9j43hcBNvvE&refer=home

The rest of the world seems to have freaked out over Oddo (France) and Macquarie (Australia), not to mention AHM, so that oversees markets are down a couple of percent, and the carry trade even seems to be unwinding. If I recall correctly, the first of the month is when a lot of hedgies report. Notwithstanding Paulson talking of containment, is today the day the U.S. markets price in the bulk of the remaining subprime damage?

http://www.marketwatch.com/news/story/adp-shows-private-sector-job-growth/story.aspx?guid=%7B1C94511A%2D7931%2D44B4%2D901B%2D62965C56F736%7D

http://www.bloomberg.com/apps/news?pid=20601087&sid=avZr736O8xUw&refer=home

http://www.safehaven.com/article-8087.htm

http://www.bloomberg.com/apps/news?pid=20601087&sid=amA9XoQtg_yY&refer=home

http://www.marketwatch.com/news/story/credit-crunch-seen-refocusing-stock/story.aspx?guid=%7B17BC1134%2D034A%2D416C%2DAB51%2D77B98B0A21B9%7D

http://finance.yahoo.com/q/bc?s=AHM&t=3m&l=on&z=m&q=l&c=

http://www.bloomberg.com/apps/news?pid=20601087&sid=akcDlVbSj1IM&refer=home

Who is Andrew Johnson and where have all his experts been hiding?

“Foreclosures soar in Arizona: Financing deals now haunt borrowers, but ‘correction’ no surprise to experts”, by Andrew Johnson, Arizona Republic, July 31, 2007.

Many experts say the increase in foreclosures was not unexpected. During the heyday of the 2004 and 2005 housing boom, people who normally wouldn’t have purchased a home were able to do so, thanks to extraordinarily low interest rates and specialty financing deals like adjustable rate and subprime mortgages.

Now, those factors have come back to haunt borrowers. Many are facing higher payments or balloon payments as part of their financing terms, and have been unable to refinance or sell because of the slumping market. The result? Poor credit scores for overextended homeowners and depressed property values in neighborhoods with large pockets of foreclosed homes.

While most experts agree the rising number of foreclosures signals a return to normalcy both locally and nationally, it still can have a very negative impact on neighborhoods.

“If you go into a neighborhood and there’s a lot of foreclosed properties, they’re empty, you don’t know who’s going to buy them, they’re probably not being maintained at the moment,” said Jay Butler, director of realty studies at Arizona State University’s Morrison School of Management and Agribusiness.

http://www.chinadaily.com.cn/bizchina/2007-07/31/content_6004519.htm

http://www.chinadaily.com.cn/bizchina/2007-07/31/content_6004965.htm

http://www.marketwatch.com/news/story/pmi-group-sees-us-mortgage/story.aspx?guid=%7B354F024D%2DE5CB%2D4151%2DA0B1%2D9E2A881687C2%7D

http://www.bloomberg.com/apps/news?pid=20601039&sid=a87VERwuZP8c&refer=home

http://paper-money.blogspot.com/2007/07/closer-look-at-new-home-sales.html

I hope i get through to post the links.

ATA Truck Tonnage index fell Another 0.1 percent in June

http://www.truckline.com/NR/exeres/F60396F7-098C-47DE-89C4-5BE5C1E9E82A.htm

Citadel seems to be trying to save Sowood today. That might expose at least some of the truth (among other things we’re talking about some of the endowment fund for Harvard)

“Stocks flat, but volatility running high”, by Jennifer Coogan, Reuters (UK), July 30, 2007.

“We have certainly disturbed investor psychology with talk of problems in the subprime market and the inability to finance takeovers,” said Al Kugel, chief investment strategist at Atlantic Trust in Chicago. “I don’t think it will affect the general economy, but it’s giving people pause when it comes to buying stocks.”

http://wcvarones.blogspot.com/2007/07/poor-reflection-on-usf-mba-program.html