Cause of Recent Volatility

As you can see from the above chart, the real culprit is the US subprime lending! Subprime lending surged amid low interest rates and rising home values. The increase in the average home pricing in turn caused more to take up loans to get more homes, ... etc.

But then again, what's the cause of the recent market volatility and subprime?

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Ans: Delinquencies.

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As you can see from the above chart, delinquencies in the subprime sector is going up. It will continue to chart up over the next few months. This is going to lead to a very gory financial mess. Believe me...

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Source: JP Morgan Chase, Mortgage Bankers Association of America

Fear Not Being Alone

Before I can have any joy in being alone with God I must have learned not to fear being alone with myself. Shrinking from any deep self-scrutiny is by no means an uncommon thing, and often goes far to explain the feverish restlessness with which a world-loving heart plunges into perpetual rounds of gaieties and dissipations; they serve as an escape from troublesome questions about the soul, and help to get rid of the clamours of conscience.

G. H. Knight

What Does BMW Stands For?

BMW ... what does it actually stand for?
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Best Man Wins!
Be My Woman!
Buy Me Wine!
Blame My Wife!!
Brings More Worries!!! (from the monthly car instalments)
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Well, BMW stands for Bayerische Motoren Werke or Bavarian Motor Company. The company was established in 1913 and based in Munich, Germany. It started out as an aero engine manufacturer, hence the company logo.
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The logo comprised of four quadrants of alternating white and blue color. It is a stylized representation of an airplane propeller spinning against the clear blue sky. The logo represents a white propeller blade against a blue sky. It reflects the origins of BMW as a maker of military aircraft engines during WWI. Also, white and blue are the traditional colors of Bavaria.
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Disclaimer: The BMW logo is a registered trademark of the BMW Corporation. Use of the logo here does not imply endorsement of the organization by this blog.