Hurricane season
Inget har förändrats, börsen har inte bottnat. Jag ser inget läge för köp.
Vi skall ner och vad Fed och Hank gör kommer tyvärr inte att lösa krisen.
Visst vi kommer att uppleva starka uppgångar men det kommer inte att lösa nåt? Det kommer bara att öka antalet förlorare speciellt om man inte förstår vad som händer?
Jag har senaste tiden fått en del uppgifter som talar om många fonder kommer att minska antalet köp av aktier för sina kunder. dvs mindre eller inga pengar till aktiemarknaden speciellt finans sektorn. Guld och råvaror fonder kommer att vara favorit.
Hank och Ben gör säkert allt för att lösa krisen, och varje gång de agerar säger dem att vi har gjort vårt bästa sen en ny kris dyker upp.
Vi har många problem som kommer att sätta stopp för all bull snack ...
Foreclosure är ett stort problem som drabbat mest fattiga och svarta.
Taxepayer kommer att bära allt. Lägg märke att både McCain och Obama talar för sänkta skatter?
Fannie and Freddie kollaps har ökat USA skulder. Och de kommer att växa ännu mer efter senaste bailout? Räkna nu med dollars fall kommer att fortsätta. AAA rating för usa är nu hotat. Bäst att söka andra alternativ för att skydda sig än aktiefonder.
Volatilitet kommer att vara hög närmaste tiden och de som inte klarar av en hög Volatilitet bäst att hålla sig borta från marknaden närmaste tiden.
Vi har sett big Spike i TED Spread följt av big spike in guld.
TED Spread har aldrig varit så hög som nu, över 300 och fortfarande över nivåer från 1987 krasch. Vad säger detta, inte botten i alla fall men väl att det finns mycket stress på markanden?
Vilket betyder helt enkelt att man måste fly aktiemarknaden, och jag ser absolut inte början för en ny bull market som en del skrivit om på en den blogg?
Ju mer bailout desto mer lägget kommer att förvärras. Och därmed en den ekonomiska återhämtningen dröjer.
Dem som hoppas och tror på en ny boom för Housing kommer att bli besvikna? För att man skall tala om boom för housing måste man analysera det demografiska lägget speciellt i Europa innan man uttalar sig. (jag Kommer att utveckla detta mer i framtiden)
Ekonomiska Booms kommer att märkas mer i den tredje världen och förstås Kina, Indien?
För att tala om botten och att krisen är över måste TED spread gå under 80.
Hög TED spread betyder helt enkelt mer bailouts?
Så här är bilden, Ben och hank har försökt hjälpa hus markanden för att återhämta sig men misslykades, det blev bara värre. Krisen började sprida sig till finans sektorn? Nu försöker Fed hjälpa denna sektor från att total kollapsa och dem kommer inte att lyckas för att problemen är större än Ben, Hank och hela USA?
Ett exempel: CDS market var 144 billion för 10 år sedan, idag över 62 trillion och lär växa ännu mer när nu blankning är förbjudet
Kan nån här hjälpa med att berätta hur CDS kommer att påverka Volatilitet i Ted Spread? har nå läst nån analys om det
Ben och Hank försökte sedan den 15 juli att få in mer pengar i bank sektor.. för att bättre deras balance sheet .. men ingen nappade.
Att man förbjuder blankning och senaste bailout för att investerare och fonder känna sig trygga med att stoppa pengar i finans sektor.
Inga vågar investera sina pengar på Citigroup eller en annan bank för det är helt enkelt ett osäkert kort?
Så ingen nappade? därför fick vi se efter senaste paniken Hank och Ben vänder sig till senaten och tala om för dem hur alvarligt lägget är?
Huvudmålet är att lugna marknaden i hopp att man går in i finans aktier som ett säkert kort? men Vad Ben och Hank vill göra kommer att tvinga många investerare att stå utanför?
För det handlar om framtida vinster och den som tror att finans aktier kommer att börja visa starka vinster, stark balance sheet, bara säg till mig hur och när?
Nu handlar inte längre om att rädda finans sektor med hela usa?Och som jag redan nämnt usa stora skulder växer och växer och därmed Usa balance sheet är gungning på grund of the wrong doing? så berätta för mig, vem vågar investera sina pengar i usa?? Det är ruttet? och hittar inget bättre ord? Och det är absolut inte Ben och Hanks fel? för det var inte igår allt började? så lek inte med tanken att allt kommer att vara över på en dag eller månad? räkna med flera år?
Så jag skrev ovan Hög Volatilitet att vänta.
Olja kommer att stiga om den ekonomiska nedgången speciellt Kina och Indien inte bli värre än beräknat? annars kommer priset att falla mot nivåer runt 80 men absolut inte mer. Dem som tror på nivåer runt 50 eller 30 kan väl glömma det.
Glöm inte att dollars fall kommer påverka priset på olja.
Så länge olja är över 100 så räkna med nivåer runt 125-130 i slutet av 2008
Hurricane season har bara börjat bäst att man skyddar sig?
Rutten finans system är inget bra tecken om man vill se en ekonomisk uppgång.
Citigroup eller andra behöver mycket pengar för att snygga till deras balance sheet
Idag alla går på antibiotika som inte användes tidigare.
All bailouts har inte hjälpt Ted spread att gå ner men väl upp.
Och värst av allt vi vet inte vad dessa bad papper kommer att kosta.
Men vi vet som jag nämnt i strängen the mother of bailouts:
Early Monday morning Lehman filed for Chapter 11 bankruptcy protection. It has more than $613 billion of debt.
$613 billion of debt
Resolution trust: det är lån och inga pengar till banker som kommer bättre deras balance sheet, och när man lånar betyder inte att bankerns balance sheet är positiv nu, Det positiva med att bailout är att bankerna väntar med att skriva ner mer förluster. Så Fed huvudsyfte med att baila out bankerna är för att vinna tid i hopp att värdet på deras papper som kommer att stiga och för det krävs att hus marknaden vänder upp också? Så man bygger det hela på förhoppningar?
Och jag nämnt också i strängen The mother of bailouts, Ben har inga pengar? Donald coxe skrev att Feds balans sheet liknar Citigroup balans sheet.
Det några tanker lite håller om buller om vad som händer och kanske kommer att hända?
Jag säger inte att kommer att ha rätt men jag vet en sak? att jag inte kommer att förlora ett öre på dessa tankar? och kommer att stå som en vinare oavsett vad som händer.
Jag önskar lycka till oavsett du håller med eller inte?
Mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
Vdeo
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Europeans on left and right ridicule U.S. money meltdown
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Dollar May Get `Crushed' as Traders Weigh Up Bailout
``As we get to the other side of this, the dollar will get crushed,'' said John Taylor, chairman of New York-based International Foreign Exchange Concepts Inc., the world's biggest currency hedge-fund firm, which manages about $15 billion`
...
Paulson's plan, sent to Congress Sept. 20, would mark an unprecedented government intrusion into markets and increase the nation's debt ceiling by 6.6 percent to $11.315 trillion. Officials may also start a $400 billion Federal Deposit Insurance Corp. pool to insure investors in money-market funds.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
video
Saving Capitalism from the Capitalists
GRETCHEN MORGENSON: I think this is the biggest story in eighty years. This could be the biggest story since the Depression. And I know I'm not allowed to say the "D" word, because that makes everybody really afraid. But this is the single, you know, most traumatic financial crisis I've ever seen.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#0
Olja över 128 nu
Jag behöver inte vänta tll slutet av 2008...
Blankarna ligger också bakom denna kraftiga uppgång
The weaker dollar has fueled gains in the commodity, a recurrence of the type of action that fueled oil?s record run in the spring. News of an 11.5% increase in imports in China, along with expectations for export cuts by Saudi Arabia, is boosting the price of crude.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
#0
Hur ställer du dig till att USAs skulder nu uppgår till nästan 50% av BNP?
Mvh Corpsee
Den fråga kommer att tas upp när jag har tid för det ... möjligen nästa vecka.
Men det är viktigt att inte tro att alla skulder är inte bra... eller har inget värde...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#8
Tänkte mest på att USA är nästan lägst skuldsatt av G7 länderna (Tyskland har 60% och Japan 100%) `?
Mvh Corpsee
#9
The U.S. government is committed under current law to mandatory payments for programs such as Medicare, Medicaid and Social Security. The GAO projects that payouts for these programs will significantly exceed tax revenues over the next 75 years. The Medicare Part A (hospital insurance) payouts already exceed program tax revenues and Social Security payroll taxes fully cover payouts only until 2017. These deficits require funding from other tax sources or borrowing.[68] The present value of these deficits or unfunded obligations is an estimated $41 trillion. This is the amount that would have to be set aside during 2008 such that the principal and interest would pay for the unfunded commitments through 2082. Approximately $7 trillion relates to Social Security, while $34 trillion relates to Medicare and Medicaid. In other words, healthcare programs are nearly five times as serious a funding challenge as Social Security. Adding this to the national debt during September 2008 of nearly $10 trillion and other federal commitments brings the total obligations to nearly $53 trillion.
Källa: wikipedia
De här siffrorna får ju en bailout om ynka $0.7 trillion att verka som en piss i nilen. Givetvis så är situationen ohållbar och på sikt så kommer man såklart att tvingas dra ner på förmånerna och/eller höja skatterna, vilket kommer att slå mot personal income och därmed på BNP.
Mvh, /Leif
Lite mer om USAs statsskuld och budgetunderskott...
Paulson Plan May Push National Debt to Post-World War II Levels
Sept. 23 (Bloomberg) -- Treasury Secretary Henry Paulson's $700 billion proposal to stabilize the banking system may push the national debt to the highest level since 1954, threatening an erosion of foreign appetite for U.S. bonds.
...
Bad-Debt Purchases
The Treasury's potential use of all $700 billion to purchase impaired assets would raise the country's debt to more than 70 percent of GDP. The last time American taxpayers owed as much was in 1954, when the nation was still paying down costs incurred during World War II.
``It's an alarming level of debt given that we're not fighting something like World War II,'' said Robert Bixby, executive director of the Concord Coalition, a non-partisan budget watchdog group.
The government reaching the requested debt limit would entail every man, woman and child in the U.S. owing more than $37,000 each. The median U.S. income last year was $50,233.
``We're putting a lot of debt on the books and people are going to be spending a lot of money paying that off for a long time,'' Bixby said.
Deficit Forecasts
If Treasury spends the entire amount next year, as some economists expect, it would drive next year's budget deficit, now projected to be around $500 billion, to $1 trillion or more. That would increase the annual shortfall to about 7 percent of GDP, a record level. The deficit rose to 6 percent of the economy in 1983, when then-President Ronald Reagan was ramping up Cold War-era defense spending and cutting taxes.
Michael Feroli, an economist at JPMorgan Chase & Co. in New York, says the combination of the Paulson plan, additional government expenditures, and a slower economy, could swell the deficit to $1.5 trillion -- 10 percent of GDP.
To be sure, several developed nations have debt levels far higher than that of the U.S., including Japan at 196 percent of GDP and Italy at 104 percent of GDP, according to the International Monetary Fund.
Mvh, /Leif
The Credit Crisis Is Going to Get Worse
...
Buffett once told me there are three 'I's in every cycle. The 'innovator,' that's the first 'I.' After the innovator comes the 'imitator.' And after the imitator in the cycle comes the idiot. Which makes way for an innovator again." So when Mr. Forstmann says we're at the end of an era, it's another way of saying that he's afraid that the idiots have made their entrance.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Analyst Whitney sees "little hope" from bailout plan
Sept 23 (Reuters) - The credit crisis that began last summer has intensified so much that any U.S. government bailout plan has "little hope" of improving core fundamentals over the near and medium term, said analyst Meredith Whitney, who expects the country's GDP to take a hit from likely moves by state governments to cut costs.
The Oppenheimer & Co analyst cut her outlook on U.S. banks and expects further dividend cuts and capital raises.
Whitney also said home prices were not close to bottoming and expects prices to ultimately be at least 25 percent lower from current levels. She expects homeownership rate to decline further.
The analyst also noted that unemployment was up over 40 percent year-on-year in key states, and said unemployment is "headed materially higher."
Given that over 12 percent of the U.S. GDP is driven by state and local government spending, and with many key states' 2009 budgets being under-funded, governments will be forced to cut costs and this will weigh significantly on GDP, Whitney said.
"Credit market disruption has had underappreciated consequences on the economy... A virtual suction of liquidity has occurred in the credit and lending markets, and consumer and corporate credit is already showing the effects," Whitney wrote in a note to clients.
"Since the onset of the credit crisis, over $2 trillion less liquidity has flown through the U.S. domestic capital markets than during the same time period a year prior," she added.
Q3 OUTLOOK
Analyst Whitney forecast a third-quarter loss of 36 cents a share for Citigroup Inc. She had a prior profit view of 8 cents a share.
Whitney widened her third-quarter loss forecast for Wachovia Corp to 31 cents a share from 15 cents.
She cut third-quarter earnings estimates for Bank of America Corp to 40 cents a share from 75 cents, for JPMorgan Chase & Co to 21 cents a share from 40 cents a share, and for Wells Fargo & Co to 13 cents a share from 17 cents.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
McDonald's Says Bank of America Won't Boost Loans
NO CREDIT CRUNCH?!
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Usa futures vände upp på Buffett deal med GS
Goldman Gets Buffett Aid in $7.5 Billion Fundraising
``It's a hell of a deal for Buffett,'' said Brad Hintz, an analyst at Sanford C. Bernstein & Co. who rates Goldman stock ``market perform.'' ``The key thing for Goldman is making it through the credit cycle, and they're doing the right stuff.''`
Det är väl positivt men det krävs mer... för denna deal talar mer hur lägget är hos t.o.m GS som klarat sig bättre än konkurenter...
Från Big picture:
Vote of confidence? Hardly. Doubtful. It is merely an opportunistic deal, and probably a damn good one, for Berkshire Hathaway (BRK). On the other hand, for Goldman Sachs, it is a very expensive deal. If you delve beneath the headlines, you see that Warren is not so much making a vote of confidence as he is extracting pound of flesh (and then some).
Verily, let's look at the details to figure out just how much GS is paying for this capital:
? Goldman Sachs pays a fat dividend to Berkshire Hathaway of 10% on $5 Billion dollars -- that's $500 million per year. And, since this is a preferred, it gets paid out of net income in after tax dollars dollars. Ouch.
? Goldman gets the right to call the preferred at any time at a 10 percent premium. Ouch again.
? Buffett gets $5 billion worth of warrants with a strike price of $115, or about 43.47 million shares. The warrants are good for only 5 years.
If Buffett were to go to the Street earlier today to buy 44 million calls with a $115 strike price (circa 2010), they would have cost him about $1.5 billion dollars. With GS now trading at $135, Buffett?s $5 billion investment is more like $3.5B, in terms of net cost to him. Hence, the 10% interest is more like 14%.
Doug Kass thinks its an even better deal for Berkshire -- goes further than I do, putting an intrinsic value on the warrants of about $2 billion. That makes Buffet's net cost $3B -- so the effective yield is closer to 17%. (Ouch)
A friend points out that Goldie bought back 1.5 million shares in the quarter ending 8/31, at an average price of $180 a share. (Nice trade). I?m thinking the buyback program may be on hold for a while here.
Bottom line: This is a terribly expensive deal, but probably a necessary one. The smart boys at 85 Broad Street did not want to wait until they were too desperate to get even a mediocre deal. They sure as hell did not want to "pull a Fuld."
This also looks like a steady stream of income for Berkshire Hathaway. And what do you want to bet me that Warren asked for -- and got -- a very serious promise from Bernanke & Paulson that Goldman would under no circumstances be allowed to tank like Lehman? This might even be a riskless deal for Buffett.
Vote of Confidence my ass . .
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
The Bail Out Plan ? Is it a Good Thing, or a Bad Thing?
Apparently, it is not a new idea. Sweden did it in 1992 when faced with a similar problem. Sweden forced the banks to write down their assets to the current market value, and THEN re-capitalized the banks with preferred stock equity purchase injections. Essentially, they forced the banks to take their write downs and then did an equity for capital exchange. We can't do that? Why not? If Bernanke embraced this strategy, it would give taxpayers the chance to generate value for getting stuck with the bill. Why are Paulson and Bernanke avoiding this strategy? Why do taxpayers and the Government have to re-capitalize the banks and not get stock shares in return?
...
What's the worry about on CDOs?
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#0
3,55 är högsta för idag...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
From Rosenberg:
Barely halfway through the real estate deflation
The data we got yesterday were quite telling. New home sales sank to 460,000 units in August, a fresh 17-year low, and the inventory-to-sales ratio gapped up to 10.9 months? supply (MS) from 10.3 MS in July. There is no chance that home prices stabilize until this ratio moves convincingly below 8 months. In fact, our models suggest that there is another 15-20% downside in average home prices and they are already down 20% from the peak. So, we are barely past the halfway mark in this real estate deflation.
Inventory backlog is proving intractable
As a sign of how difficult it has become for the builders to move product, the median length of time it is taking to make a sale from the time the unit is completed shot up to a record high of over 9 months from 5.7 months last year and the 4 months that typifies a normal market. Sales are down to 460,000 units and yet single-family starts, while down 35% from a year ago, are still running far ahead of demand at 630,000 units. This is why the unsold inventory backlog is proving so intractable this cycle - and this will exert ongoing downward pressure on residential real estate prices in most parts of the country.
We can?t grow our way out of this inventory overhang
We are not going to be able to ?grow? out way out of this acute inventory overhang via demand because the homeownership rate is still near historic highs of 68% - fully 4 percentage points above the norm. The homebuilders are going to have to work that much harder to work off the excess through a sharper cutback to housing starts, which are very likely to hit new post-WWII lows this cycle (and likely not priced into the HGX index).
Policymakers still underestimating the size of the problem
Tack on our view that the unemployment rate looks set to rise above 7%, the output gap to 4%; credit spreads at elevated levels, together with our expectation of continued house price deflation, and our estimate of the expected total losses going forward are close to $1.5 trillion or double the size of the TARP. So, the one problem we have with the TARP as it stands is the size - $700 billion. This tells us that even Bernanke and Paulson, who have been pounding the table to get this plan TARP legislated, continue to underestimate the total size of the problem. So, when you think about it, this entire credit collapse of the past 13 months has reflected one thing and one thing only, which is the unwinding of the greatest asset bubble in modern US history - residential real estate.
Still haven?t seen credit effects from consumer recession
We still haven?t seen the normal negative credit cycle that follows on the heels of a consumer recession. That is going to be the next leg of this story; it started this quarter, and likely to last well into 2009. In fact, when we look to the last consumer recession of the early 1990s and see what delinquency rates did for a range of mortgage and personal loan products, what it tells is that much like the real estate deflation story, we are at most 60% of the way though this down cycle in banking sector credit quality. Keep in mind that, based on our macro forecast, estimated total non-mortgage consumer and business losses are going to total roughly $300 billion in the coming year. That alone is more than double the entire loss posted during the S&L fiasco in the early 1990s.
Credit collapse is secular and deflationary
So the way to think of this credit collapse is that it is secular in nature, not merely cyclical and also deflationary. Those who believe that we?ve managed, in one day, to switch from a deflationary to an inflationary backdrop because of additional government debt creation are not taking into account the offsetting credit contraction in the private sector, which comes from three sources: asset liquidation, debt repayment and increased savings. The Fed and Treasury are merely cushioning the massive deflationary forces in the financial system.
10-year Treasury note yield plunged during RTC experience
If you go back to that 1989-93 experience with RTC, we can tell you that the 10-year Treasury note yield during that prolonged debt deflation period plunged 400 basis points as the inflation rate was cut in half from over 5% to around 2-3/4%. Let?s also remember that even as we look back to the original RTC, and that too was a major intervention at the time, it took a full year for the equity market to bottom, two years for the economy to bottom, three years for the housing market to bottom, and four years for bond yields to bottom.
Money supply will increase but money velocity will not
We are getting asked repeatedly these days how it is that the government debt creation we are about to see is not going to be inflationary. After all, aren?t we going to see a boom in the money supply? Well, we?re sure that the money supply is going to increase, but at the same time, we are going to see the turnover rate of that money, or what is called money velocity, decline. This is exactly what happened in that 1989-93 period when the Fed massively reflated. Money velocity contracted 13% and this is the reason why the inflation rate was cut in half that cycle and bond yields rallied 400 basis points, though no doubt that downtrend in yields was punctuated by intermittent corrections - as we?ve seen take place in the Treasury market over the past week.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Libor Surges Most on Record After U.S. Congress Rejects Bailout
The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 431 basis points to an all-time high of 6.88 percent today, the British Bankers' Association said. The euro interbank offered rate, or Euribor, for one-month loans climbed to record 5.05 percent, the European Banking Federation said. The Libor-OIS spread, a gauge of the scarcity of cash, advanced to a record. Rates in Asia also rose.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
#20 Någon som kan förklara varför kapitalet kommer tillbaka till ECB när marknaden uppenbarligen behöver det för sin finansiering?
#21
För det handlar längre inte om liquidity men väl om solvency... Och det nu som man börjar inse det...
mvk spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
Data from the IMF shows that European banks hold 75pc as much exposure to toxic US housing debt as US banks themselves. Moreover they have mounting bad debts from the British, Spanish, French, Dutch, Scandinavian, and East European housing markets, where property bubbles reached even more extreme levels that in the US.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Viltigt att man inte bara fokuserar på att senaten och represetanthuset skall goodkänna the bailout så att man glömmer den ekonomiska utvecklingen i usa, europa och asien som kommer att ta över när snacket om usa,s paket är över...
Calculated risk har en del att säga...
Och Fed Lockhart om finans krisen och ekonomin värt att läsa
A Working Financial Sector Matters to Us All
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
#22
Ingen har reagerat...
Skrev fel: det ska stå insolvency...
Man börjar inse att det är mer en insolvency problem än liquidity problem
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
Förstod att du menade så spx, kanonbra sträng som vanligt!
Med insolvency menar du då att bolagens tillgångar inte är tillräckliga för att klara av åtaganden mot kunderna, eller?
Inlägget är redigerat av författaren.
Tusen tack evilsteff...´
Både hos dem lånat och dem som lånar...
Banker och kunder...
Roubini har skrivit om detta.. jag skall försöka hitta texten...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
Worse than LTCM: Not Just a Liquidity Crisis; Rather a Credit Crisis and Crunch
Nouriel Roubini | Aug 9, 2007
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Another shoe to drop
Bad credit-card debt could be next shot to economy, researcher says
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#24
U.S. Stock Futures Drop on Economy Concern; GE, Citigroup Fall
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
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Stiglitz on Worst Case Scenario och annat från 60 minutes
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
WASHINGTON (MarketWatch) - The nation's manufacturers cut back production at a much faster pace than expected in September, the Institute for Supply Management reported Wednesday. This is the lowest level since October 2001. The ISM index plunged to 43.5% in September from 49.9% in August. This is the biggest drop in the index since 1984. The drop surprised economists. The consensus forecast of estimates collected by Marketwatch was for the index to slip only a bit to 49.6%. Readings below 50 indicate contraction. The ISM index has been holding near 50 since the summer. The previous low this year was 48.3 in February. Economists said the ISM index was near recessionary levels.
Jag förstår inte varför ekonomer blev överaskad... när de vet att alla stimulans paket tog slut eller helt inte fungerade som den skall...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
The ECRI leading economic index continues to deteriorate...
Nu talar marknaden om att fed kommer att sänka räntan?
Dagesn ism statistik stärker bilden på att fed sänker räntan
Prisindex sjönk till 53,5 jämfört med 77,0 månaden
före. Analytikerna hade väntat sig att prisindex skulle uppgå
till 73,0.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
spx970! Det är knappt man hinner läsa dina inlägg, innan du har hunnit posta ett nytt!
Vill bara passa på att tacka dig för alt arbete du lägger ned! Och gratulera dig för att du har sått fast vid din marknadssyn så länge! Nu börjar poletterna trilla ner.....
Tack för ditt idoga arbete!!
MVH Nisse45
Tusen tack nisse45 och glöm inte att jag var inte ensam... Du med trodde starkt på att det finns mer på nedsidan.., och det lönade sig...
Jag vill så gärna att eländet tar slut så det vänder... Det kommer, jag är säker på det... Och då ska man ladda för fullt...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
? Ford Motor posted a 34% drop. Their truck and van sales fell 39%, SUV sales plummeted 57% and F-series truck sales dropped 42%.
? Honda reported a 24% decline in sales;
? Toyota U.S. Sept. sales drop 32.3%, light truck sales dropped 38%
? Lexus sales -- Toyota's luxury nameplate -- fell 37.7%;
? Volvo sales slumped 51.8%;
? Porsche tumbled 45%;
? General Motors sales down 15.6% (better than the expectations of -26%)
? Nissan Sales down 37%
? Mercedes-Benz reported sales off -16.4%
? Volkswagen sales for September fell 9.4%;
? Hyundai Motor's U.S. sales fell 25%;
? Kia U.S. sales slide 27.8%
Chrysler report September sales later today
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
The market in is on the verge of shutting down. There is sand in the gears and the machine is about to break down on the side of the road.
Var mycket försiktiga... som jag skrev#0
Volatilitet kommer att vara hög närmaste tiden och de som inte klarar av en hög Volatilitet bäst att hålla sig borta från marknaden närmaste tiden.
Hartford, Prudential, MetLife Credit Swaps Widen to Records
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#0 Foreclosure är ett stort problem som drabbat mest fattiga och svarta.
Foreclosure Alley
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
As Credit Crisis Spiraled, Alarm Led to Action
Moreover, the drain on money funds continued. By the end of business on Wednesday, institutional investors had withdrawn more than $290 billion from money market funds. In what experts call a "flight to safety," investors were taking money out of stocks and bonds and even money market funds and buying the safest investments in the world: Treasury bills. As a result, yields on short-term Treasury bills dropped close to zero. That was almost unheard of.
In the stock market, Mr. Ehrlich of UBS was horrified by the plunge of Morgan Stanley?s shares, given the stellar earnings. "It felt like there was no ground beneath your feet," he said. "I didn?t know where it was going to end."
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs
...
This is indeed a cardiac arrest for the shadow and non-shadow banking system and for the system of financing of the corporate sector. The shutdown of financing for the corporate system is particularly scary: solvent but illiquid corporations that cannot roll over their maturing debt may now face massive defaults due to this illiquidity. And if the financing of the corporate sectors shuts down and remains shut down the risk of an economic collapse similar to the Great Depression becomes highly likely.
So what needs to be done? Even several hundreds of billion dollars in emergency liquidity support to the financial system by the Fed and other central banks in the last week alone have not been enough to stop the seizure of liquidity in interbank markets and the shut down of financing for the corporate sector as counterparty risk is now extreme (no one trusts any more in this crisis of confidence even the most reputable and trustworthy financial and corporate counterparties).
Thus, emergency times where we are at risk of a systemic meltdown require emergency measures. These include:
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
# 0
Jag skrev att dollar skall ner och håller fast vid det när lägget förändras
Här finns en bra förklaring varför dollar går upp...
The worse the US does, the better the dollar does ?
...
In other words, the US became the new Japan after the Fed?s rate cuts ? despite a large current account deficit. And the US dollar has started to act like a "funding" currency in times of stress. And in general, when risk aversion goes up and risky bets are pulled, funding currencies rally ?
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Nouriel Roubini skriver om:
Next: The Mother Of All Bank Runs?
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Ingen botten än...
Libor for Overnight Dollar Loans Jumps as Credit Freeze Deepens
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Libor Dollar Rate Jumps to Highest in Year; Credit Stays Frozen
``To see little or no reaction in the fixings is very disappointing and reinforces the fact that Libor is broken and the transmission mechanism from central banks isn't working,'' said Barry Moran, a currency trader in Dublin at Bank of Ireland, the country's second-biggest bank. ``Things are still very stressed and we don't know what's going to fix it.''`
...
I don't see a wave of liquidity coming into the market,'' said Alessandro Tentori, an interest-rate strategist in London at BNP Paribas SA. ``People are still holding on to their cash because there's still a great deal of uncertainty out there.''
...
``Libor spreads are still wide, which suggest offshore banks are not willing to take more risks lending to other banks,'' said Cezar Bayonito, a liquidity trader at Allied Banking Corp. in the Philippines. ``Interest-rate cuts will be of little help in the near term because the issue is trust, not rates.''
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
The credit crunch may cause another great depression
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Are Central Banks Making Libor WORSE?"
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Alltid intressant att läsa The Agile Traders analyser...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Money Markets Still Stressed
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Debt and Sweat
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Jag fortsätter bevaka Ted spread...
Ligger nu runt 3.87
Ingen botten än...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Marknaden svänger för fullt... Nu talar marknaden mer om deflation än inflation.
Därför t.ex guld faller...
Nu gäller att bevaka hur snacket om deflation kommer att utvecklas närmaste tiden.
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
"The Federal Reserve has created a new facility to ease the stress in the short-term debt market. Under the new program, announced Tuesday, and called the Money Market Investor Funding Facility (MMIFF), the Fed will provide funds to a private-sector controlled effort to purchase assets from U.S. money market mutual funds. These funds have had difficulty selling short-term paper in order to satisfy redemption requests and meet portfolio rebalancing needs. "By facilitating the sales of money market instruments in the secondary market, the facility should improve the liquidity position of money market investors, thus increasing their ability to meet any further redemption requests and their willingness to invest in money market instruments," the Fed said. The MMIFF is just the latest in a series of Fed actions designed to shore up the short-term debt market and keep investors from pulling out of money market mutual funds."
Källa: MarketWatch
TED Spread: fortsätter falla, nu ligger den runt 2,58
Detta är förstås positivt...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic
Oct. 22 (Bloomberg) -- Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send shockwaves through the global financial system.
...
``We'll see the same problems we've seen in subprime,'' said Alistair Milne, a professor in banking and finance at Cass Business School in London and a former U.K. Treasury economist. ``Banks will take substantial markdowns.''
The collapse of Lehman Brothers, Washington Mutual Inc. and the three banks in Iceland prompted Susquehanna Bancshares Inc., a Lititz, Pennsylvania-based lender, to lower the value of $20 million in so-called synthetic CDOs by almost 88 percent last week.
KBC Groep NV, Belgium's biggest financial-services firm, which had 377.4 billion in assets as of June 30, wrote down 1.6 billion euros ($2.1 billion) after downgrades on company- and asset-backed debt. Brussels-based KBC had 9 billion euros in CDOs as of Oct. 15, primarily linked to corporate debt, according to an investor presentation.
...
Some synthetic CDOs, tied to credit-default swaps on corporate bonds, are trading at less than 10 cents on the dollar, according to Sivan Mahadevan, a derivatives strategist at Morgan Stanley in New York.
....
Buyers of deals graded AA by Standard & Poor's and Aa2 by Moody's Investors Service, the third-highest rankings, may have to increase cushions against losses to cover the full amount of the investment, up from 1.2 percent now, Sharma said. His estimate is based on the world economy entering a ``severe'' recession.
...
The banks that structured the securities and investors both failed to do ``fundamental credit analysis,'' said Janet Tavakoli, president of Tavakoli Structured Finance in Chicago. ``They were using correlation models, they were using spread models, but they weren't doing analysis on the underlying corporations.''
Fitch downgraded 422 classes of CDOs on Oct. 13 after seven financial companies defaulted or were bailed out since September. The company didn't disclose the total number of classes it rated.
The downgrades force payment of the credit-default swaps packaged in the debt, causing losses for investors or eroding capital.
``The same kind of shudders that went through the asset- backed CDO market will probably go through the corporate CDO market,'' said Sillis. ``We'll see a pickup in default rates.''
...
Barclays Capital estimates that 70 percent of synthetic CDOs sold swaps on Lehman. Swaps on Kaupthing Bank hf, Landsbanki Islands hf and Glitnir Banki hf were included in 376 CDOs rated by S&P. The company ranks almost 3,000.
About 1,500 also sold protection on Washington Mutual, the bankrupt holding company of the biggest U.S. bank to fail, according to S&P. More than 1,200 made bets on both Fannie Mae and Freddie Mac, the New York-based rating company said.
The collapse of Lehman, WaMu and the Icelandic banks, as well as the U.S. government's seizure of the mortgage agencies, will have a ``substantial'' impact on corporate CDO ratings, S&P said in a report Oct. 16.
The government in Reykjavik seized Kaupthing Bank, the country's largest lender, earlier this month. Assets and liabilities from Landsbanki Islands and Glitnir Banki were transferred to state-owned entities, triggering default swaps.
`Marking Down'
Nonpayment on speculative-grade corporate bonds may rise to 7.9 percent worldwide in a year, from 2.8 percent at the end of the third quarter, as the credit crisis deepens, Moody's said Oct. 8. Those in the U.S. may rise to 7.6 percent, said S&P.
``As there are credit events, you'll have losses in portfolios and marking down of other assets,'' said Claude Brown, a partner at law firm Clifford Chance LLP in London.
Investors may sell the CDOs back to banks, which will unwind protection they wrote to hedge swap transactions, Barclays said. The chain of events will push up the price of default protection and company borrowing, according to Barclays.
...
Det är väl bland dessa papper vi kommer se effekterna av senaste månadernas olika konkurser och konkursliknande bail-outs. Sedan kommer väl nästa våg med konkurser i vanliga företag, utanför finanssektorn (GM?).
Mvh, /Leif
Förresten, är det nån som vet hur läget egentligen är kring settlement av CDSerna kring Lehmans konkurs. DTCC publicerade ett kryptisk dokument igår som bl.a. marketwatch först tolkade som att allt var klart utan problem, något som de senare backade på. Nån som vet?
Mvh, /Leif
Lehman default swaps still pending, DTCC says
By MarketWatch
Last update: 11:42 p.m. EDT Oct. 21, 2008
An Oct. 21 MarketWatch report inaccurately reported that the settlement of Lehman Brothers? credit-default swaps had closed. It is still pending. See corrected story
This update corrects and clarifies that final settlement is still pending.
NEW YORK (MarketWatch) ? An industry clearing organization said late Tuesday that it was still awaiting final results from the settlement of Lehman Brothers? credit-default swaps, a massive financial transfer that would add significant support to a recovery in the credit markets.
The Depository Trust & Clearing Corp. will issue a statement when the settlement is completed, according to spokeswoman Melanie Best. She declined to comment on timing.
Payments under these derivatives contracts have to be made by the close of business Tuesday.
The International Swaps and Derivatives Association, the group that represents swaps dealers, issued a statement just before 6 p.m. Eastern noting the "success" of the Lehman settlement.
"Today?s settlement demonstrates that the industry infrastructure for [credit-default swaps] clearly works," said Robert Pickel, chief executive of the ISDA.
The exchange between the buyers and sellers of credit-default swaps, a type of derivative contract that pays out when a company reneges on its debt, spooked markets Tuesday. Some investors worriedsellers would be unable to come up with the cash to pay their counterparties, and these no-shows would usher in a new round of bank or fund failures.
This type of domino effect turned what started as a U.S. housing-market collapse into a global credit crisis. "Settlement of Lehman?s CDS is what has the market on the nervous side," said Peter Cardillo, chief market economist at Avalon Partners, said earlier Tuesday about the credit-default swaps.
The major U.S. stock indexes briefly scaled back declines late in the session after reports that counterparties had closed the swaps settlement without a hitch. See Market Snapshot.
Global interest rates spiked and lending contracted after Lehman Brothers (LEHMQ: declared bankruptcy in mid-September, a failure that risked taking some of the firm?s numerous trading partners down with it.
The bankruptcy also triggered a relatively rare event in the $50 trillion market for credit-default swaps: the requirement that holders of protection on Lehman debt get paid by the sellers of these swaps.
An Oct. 10 auction determined terms of the payout. Buyers of protection against a Lehman default were slated to receive 91.375 cents for every dollar of Lehman debt they held. See full story.
The overall size of the payout was expected to be as much as $400 billion. But if the counterparties? offsetting trades are taken into account, the Depository Trust and Clearing Corp. has forecast that sellers of the protection may only have to cough up about $6 billion. The credit-default swap settlement comes as stressed credit markets showed some early signs of recovery.
The cost of short-term borrowing continued its recent fall Tuesday.
The London interbank offered rate, or Libor, for three-month dollar loans fell to 3.83375% from 4.05875% the previous day. The decline follows a sharp drop of about 35 basis points, or 0.35 of a percentage point, on Monday. See Libor story. Still, there are more companies at risk of default and more debt outstanding than in several years, and credit-default swaps may cause continued headaches for credit markets, said John Atkins, a fixed-income analyst at IDEAGlobal. Going forward, "workouts can be much more convoluted," he added. "This doesn?t mean things can?t go wrong."
MVH SPX970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
"NEW YORK, Oct 22 (Reuters) - Net payments of only around $5.2 billion were made to settle an estimated $400 billion in credit default swaps on the debt of failed investment bank Lehman Brothers, The Depository Trust & Clearing Corporation (DTCC) said on Wednesday.
DTCC clears the majority of trades in the $55 trillion, privately-traded market. Concerns had escalated ahead of Tuesday's deadline to settle the contracts that payments needed to settle losses would wreak new havoc on markets.
Analysts said these concerns were misplaced because large players in the market, such as dealers and some hedge funds, had both bought and sold protection, subsequently taking both gains and losses on Lehman's default that offset each other."
Intressant artikel att läsa...
Ted spread : 2,51 senaste
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Gulf Bank May See Loss as Derivatives Contracts Sour
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Nouriel Roubini: I fear the worst is yet to come
These crises don?t come out of nowhere," he said. "Usually they arrive because of a systematic increase in a variety of asset and credit bubbles, macro-economic policies and other vulnerabilities. If you combine them, you may not get the timing right but you get an indication that you are closer to a tipping point."
Others who claimed the economy would escape a recession had been swept up in "a critical euphoria and mania, an irrational exuberance", he said. And many financial pundits, he believes, were just talking up their own vested interests. "I might be right or wrong, but I have never traded, bought or sold a single security in my life. I am trying to be as objective as I can."
What does his objectivity tell him now? No end is yet in sight to the crisis.
"Every time there has been a severe crisis in the last six months, people have said this is the catastrophic event that signals the bottom. They said it after Bear Stearns, after Fannie and Freddie, after AIG [the giant US insurer that had to be rescued], and after [the $700 billion bailout plan]. Each time they have called the bottom, and the bottom has not been reached."
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#59
TED Spread: ligger runt 2,77
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
#62
2,86 nu...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Joke of the Day: The Stock Market
"Today's Joke of the Day is an intraday chart of the Dow Jones Industrial Average. After trading up nearly 300 points, the Dow had a 400-point reversal in the last 13 minutes of trading."
#64
vad ska man kalla gårdagens uppgång?
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Joke of the Yesterday :)
hahahaha... Den var bra...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Hur har vi det med ted-spread idag?
Varit en del snack på Bloomberg TV om libor sjunkit 23 punkter... fast fed sänkte ju 50 punkter.. så innebär inte det att spreaden ökade 27 punkter? Eller har jag missat nåt?
Mvh, /Leif
Ligger nu runt 2,84...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Video
Juan Enriquez on the Debt Crisis and the Future rekommenderas
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.
Red spread liger nu runt 2,41... mycket bättre...
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Volcker issues dire warning on slump
He advised Mr Obama to tread a fine line, embarking on bold action with a "compelling economic logic" rather than scattering fiscal stimulus or resorting to a wholesale bail-out of Detroit. "He can't just throw money at the auto industry."
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Fed Watch: Policy Adrift
I am beginning to question all of these assumptions.
...
I think it is high time some real critical attention was placed on Bernanke. How complicit was the Fed Chairman with designing and implementing a clearly failed policy? Yes, one could argue that the ball was in Treasury?s court. But didn?t Bernanke have a duty to make TARP work, after he begged Congress for the plan? And isn?t he the one person who could stand up and say "No, Paulson is screwing this up"? Paulson will not be Treasury Secretary in January, but Bernanke will still be Fed Chairman. Bernanke can and should step into what is so clearly a leadership void. What does he owe this administration at this point?
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Visa sida
Ogilla! 7
Gilla!
I väntan på att Kongressen godkänner senaste bailout... En del sagt redan i fredags att det inte kommer att gå som Ben and hank önskat sig...
Detta är inte bekräftat
Paulsen and congressional Republicans, or the few that will actually vote for this (most will be unwilling to take responsibility for the consequences of their policies), have said that there can't be any "add ons," or addition provisions. [Frank expletive]. I don't really want to trigger a world wide depression (that's not hyperbole, that's a distinct possibility), but I'm not voting for a blank check for $700 billion for those [serious obscenity].
mvh spx970
" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet
Inlägget är redigerat av författaren.