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Exact(19)
He added that he wouldn't want to see "ripples" in other classes of assets.
Given the downturn in the mortgage market, he said that investors are looking for new classes of assets that will provide dependable revenue streams over many years.
Despite the uncertainty that had burst the technology bubble and roiled financial markets, he wrote: "New classes of assets are driving value and creating wealth.
And while there are those who can remember when stocks were cheaper relative to other classes of assets — like bonds, real estate and commodities — stocks are inexpensive.
These priorities may attach either to the proceeds from the entire estate or only to those from certain classes of assets.
Simon Samuels, an analyst at Barclays, has looked at how different banks risk-weight similar classes of assets such as corporate loans, and has also found wide divergence.Regulators are responding.
Similar(41)
Late Friday the dominoes were set in motion after Fitch downgraded Ambac's financial strength rating to double-A from triple-A, and it downgraded 420 classes of asset-backed securities transactions backed by insurance provided by an Ambac subsidiary.
"There is a class of assets out there that are more risky than AAA, but less risky than AA+.
Instead, the implosion of an entire class of assets led to widespread loss of trust in the financial system.
A whole class of assets, like leveraged loans, was created that depended on investors using borrowed money to buy them.
We are supposed to be economists; governments are run by economists, but a whole class of assets are missing from their dataset".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com