The Jitters

by Johnny Debacle

Guy #1: Subprime?
Guy #2: Subprime?
Guy #1: Subprime.
Guy #2: Jitters.
Guy #1: Exposure?
Guy #2: Subprime Jitters.
Guy #1: INFLATION.
Guy #2: No, CONTAGION.
Guy #1: But the expected loss on all residential subprime loans is de minimis to the greater economy.
Guy #2: Liquidity. And contagion.
Guy #1: Oh. Fuck.
Guy #2: Commercial paper.
Guy #1: The end.

Related Reseach:

More Related Research:

POSTED: 08/15/07 10:50 AM
Comment (235)


Ad Sense Ad Sense

Comments

  1. Rattling The Kettle
    August 15th, 2007 | 12:09 pm

    Loved the news articles yesterday about the Citi research note put out by Sanford Bernstein. Headlines blaring about a potential $1 billion loss from subprime exposure. Buried at bottom: analyst rates Citi a strong buy with a 12-month price target 50% higher than current price.

  2. Barry Ritholtz
    August 16th, 2007 | 9:45 am

    Hysterical . . . I have to link . . .

  3. Patrick
    August 16th, 2007 | 9:27 pm

    Dear Mr. Juggles,

    Can you confirm that you will paying a fourth quarter dividend? Can you quantify your exposure to the credit markets?

    Love and best wishes and gay love,

    Patrick