When the music stops...

If you want to see the fall out of the real estate bust in the US, click here.
Edgar Martins, a Portuguese photographer, made this pictures for the NY Times. Be quick, before this paper also halts its activities.

An absolute fabulous novel is out: Hedge Fund Wives. You find the six first chapters here.

There was a time when the European Securitisation Forum was held in Barcelona. Brilliant time, that June 2007, when we drunk champagne and danced to a rock band called D’Leverage.
How different for the ex-colleagues who attended this year in Edgware Road, rather a cheapish venue in London, where coffee had replaced the bubbles.
The reason is obvious: the industry of repackaging mortgages, consumer credit or auto loans has ceased to exist

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The China Syndrome

We hear a lot of stories about China and how they are fighting the crisis by storing metals and oil. But how is the economy really doing?
Here for we look to the China container trade via China ports data (from www.transport-trackers.com) . Although these data are from jan/feb 2009 we observe that they’re really falling from a cliff.

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Exit Caterpillar

Stopped out.
Ok folks, this was a bad trade where I risked 170 bucks. Losing a 50 on them before being stopped out of the Caterpillar trade. The SAR served as my trailing stop loss and yesterday the SAR switched from under the price to above the price. So, I took my losses.
Lesson learned?
Those renko charts are useful for your trading. As long as you respect the rules.

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