Adventures in mortgage hype, Breaking Views edition

I popped over to Breaking Views just now to see what they had to say about Barclays buying ABN Amro, and what's the big top headline? "Subprime meltdown echoes dotcom death spiral".

The story itself is pretty smart and sober, as one would expect from its author (and friend of felixsalmon.com) Antony Currie. I have no idea whether Antony had any part in writing that headline, but for getting both "meltdown" and "death spiral" into one six-word hed, I hereby award Breaking Views the first Housing Hysteria Award (these, collectively, are known as the Nouriels). Congratulations Breaking Views!

Posted by Felix at 18:46 EST

Comments

the "Nouriels" ... lol !!!

Posted by: Caravaggio at 19:34 EST, March 20, 2007

Heh. Alex Tabarrok on "credit snobs".

Bernard "toxic free market democratization of credit zealot" Guerrero

Posted by: Bernard Guerrero at 11:17 EST, March 21, 2007

Excellent! I love getting awards! What's the prize?
The title was mostly mine, bar death spiral, which was the hook for the story handed down to me from the boss.
Meltdown, though, is a totally appropriate way of describing what's happening to the monoline lenders...

Posted by: murray at 10:50 EST, March 22, 2007

Murray, ye jest. Two weeks ago they were dead in the water, two weeks on they're all getting renewed warehouse lines and (hideously expensive) additional lines of credit, bar NEW. Bad? Yes. Meltdown? I say shakeout. That's what happens in industries with nasty overcapacity problems.

Posted by: Bernard Guerrero at 16:11 EST, March 22, 2007