Rogers: credit history, "the biggest bubble".

<P>: Http://finance. News, IMF: risk is still manageable </ P> <P> International Monetary Fund (IMF) 10 said Thursday the U.S. subprime mortgage market crisis triggered by .days of turmoil in global financial markets, although the situation has not stabilized, but still manageable. .IMF spokesman Masood Ahmed said in a statement: the U.S. subprime mortgage markets are weak and lax lending standards of recent market trends reflect the (global financial markets) vulnerability. .</ P> <P> White House spokesman: U.S. economic fundamentals remain solid </ P> <P> I guarantee of presidential advisers are closely (financial) market activities to ensure the timely introduction of policies to maintain strong growth in U.S. economy .White House spokeswoman Dana Perino said the president himself was kept informed. .Perino also said Bush has repeatedly stressed that the U.S. economic fundamentals remain strong. .</ P> <P> Rogers: the biggest credit bubble in history </ P> <P> international investment guru Jim Rogers, recently the U.S. subprime mortgage problem expressed concern, saying the U.S. housing market crisis is the biggest credit bubble in history .one. .He said the U.S. subprime mortgage market rout, the market value of global stock markets last week has led to evaporation 2.1 trillion, while the crisis triggered by the field far more than that. .</ P> <P> British economist: The Golden Age draws to a close </ P> <P> in the UK stock market plunged 3.7% after 10 days, a number of British economist warned that the UK economy will be the next two years .affected by the financial shock of serious drag on, the golden age of the British economy about to end. .According to "Daily Telegraph" reported that, economists believe the Bank to curb inflation, expected to raise interest rates this year, coupled with the financial shocks, the economic situation in the next two years the UK will become .very grim. .10 British Prime Minister Gordon Brown has indicated that the British government will make every effort to maintain the stability of the British economy. .</ P> <P> subprime mortgage bonds: </ P> <P> mortgage institution claims to sell mortgage bank, the bank will re-package these loans into bonds held by the mortgage, do support the capital market issues .This is the subprime mortgage bonds. .Subprime mortgage bonds are collateralized debt obligations (CDO) of the kind. .Subprime lending market is proof of income for the absence of heavy debt customers, due to the low level of credit requirements, and its mortgage loan interest rates higher than the average of 2% -3%. .Many lenders do not require any collateral and proof of income will be able to loan to paragraph. .Subprime mortgage market, the overall U.S. market share of about 7% -8%, but its most profitable, the risk is greatest. .</ P>.