Links Post & Investment Opportunities

• Dollar Sinks to New Low Against Euro: What kind of carry trades are possible at these levels? Just don't make the same mistake Mr. Devaney did earlier in the year:
  

"'I personally hate subprime,' Mr. Devaney declared at an American Securitization Forum conference in late January, 'and I’m kind of hoping the whole thing explodes.'"

I bet Roger Lowenstein and Michael Lewis are working on more manuscripts.

• Fed Chairman Says Economy Likely to Slow: Housing market continues to slow for next few years. Look for pre-foreclosures and negotiate an option contract to keep them out of foreclosure. Put up enough to keep them out of foreclosure for the right to buy their home at the then-balance of their mortgage.
  

• U.S. Import and Export Price Indexes [PDF]: October '06 - '07 overall import prices increased by 9.6%. CNBC's Rick Santelli reported this morning that this increase was the largest since 1987's 11.X% increase, which occured weeks before the '87 crash.