A «crise do subprime».


Evolução do mercado de derivados de crédito em 2007: O gráfico ao lado representa o spread (ligado ao risco) que se paga por derivados financeiros. A crise teve início em fins de Julho de 2007 e desde o início deste ano voltou a agravar-se.


http://diarioeconomico.sapo.pt/edicion/diarioeconomico/edicion_impresa/economia/pt/desarrollo/1025625.html

Tudo o que quer saber sobre 'subprime'

http://ultimahora.publico.clix.pt/noticia.aspx?id=1316959&idCanal=57

Merrill Lynch é mais uma vítima do "subprime" nos EUA

http://www1.folha.uol.com.br/folha/dinheiro/ult91u320606.shtml

«Como os empréstimos "subprime" embutem maior risco, eles têm juros maiores, o que os torna mais atrativos para gestores de fundos e bancos em busca de retornos melhores. Estes gestores, assim, ao comprar tais títulos das instituições que fizeram o primeiro empréstimo, permitem que um novo montante de dinheiro seja novamente emprestado, antes mesmo do primeiro empréstimo ser pago.
Também interessado em lucrar, um segundo gestor pode comprar o título adquirido pelo primeiro, e assim por diante, gerando uma cadeia de venda de títulos.
Porém, se a ponta (o tomador) não consegue pagar sua dívida inicial, ele dá início a um ciclo de não-recebimento por parte dos compradores dos títulos. O resultado: todo o mercado passa a ter medo de emprestar e comprar os "subprime", o que termina por gerar uma crise de liquidez (retração de crédito).»


http://www.bloomberg.com/apps/news?pid=20601087&sid=a9UO8TjRgWDs&refer=home

Stocks Plummet in Germany, Hong Kong, India, Brazil in Rout

«Today's declines follow the worst week for U.S. stocks in five years after President George W. Bush's $150 billion plan to revive the economy and expectations of interest-rate cuts failed to allay recession concerns.»

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