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2009/2010 : TOTAL economic MELTDOWN

6.165 Posts, Pagina: « 1 2 3 4 5 6 ... 37 38 39 40 41 42 43 44 45 46 47 ... 305 306 307 308 309 » | Laatste

Omlaag ↓

[verwijderd] 8 november 2009 13:52

Wall Street still overestimating the American consumer.

The optimists, who are already predicting that happy days are here again, fail to mention how the economy will rebound without the American consumer. Consumer spending is 70% of the economy. So how will the economy grow when the consumer is paying down debt rather than buying junk at the mall ?

It almost makes sense why the stock market seems to want to go higher, if you think the American consumer is just about to start spending again. At some point Wall Street is going to wake up to the fact that the game has changed and their premise is wrong. The American consumer isn't going to start spending again until either the jobs return, or their balance sheets are repaired. Neither of those things are going to happen anytime soon.
When Wall Street figures this out the stock market will correct very sharply. This realization is most likely to happen when the Christmas sales numbers begin to come in.

Read :
www.economicpopulist.org/content/wall...

[verwijderd] 8 november 2009 14:11

The Disastrous Performance Of Private Equity: Of The Top 10 LBOs, 6 Are In Distress, 4 Have Defaulted.

Read :

www.zerohedge.com/article/disastrous-...

[verwijderd] 8 november 2009 14:29

For unemployed, this recession is worse than that of 1982-83
www.star-telegram.com/238/story/17450...

Commercial real estate facing worse days

By Diane Mastrull
From his 30th-floor Center City office, William J. Hirschfeld has an in-your-face reminder that all is not well in commercial real estate.
www.philly.com/philly/business/200911...

[verwijderd] 8 november 2009 14:33

What recovery? Unemployment shoots past 10 percent
www.google.com/hostednews/ap/article/...

Rising risks of an asset bubble in China threatened by US stagflation
www.glgroup.com/News/Rising-risks-of-...

[verwijderd] 8 november 2009 14:38

Don’t be fooled by comparisons: Americans are hurting badly
www.macon.com/opinion/story/907448.html

Lies, damn lies, and government promises
www.examiner.com/x-11887-Milwaukee-Co...

Commercial real estate troubles threaten economy
www.nj.com/business/index.ssf/2009/11...

[verwijderd] 8 november 2009 15:17

UPDATE 2-Big California bank fails, has China branches.

WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations.

East West (EWBC.O) said the transaction made it the second-largest independent bank in California. Based in Pasadena, East West has 137 U.S. branches, including offices in New York, Atlanta, Boston and Seattle, and four in China.

Banks are struggling to clean up their balance sheets as loans made during the credit boom continue to deteriorate. The FDIC has said the pace of failures will remain elevated through next year.

www.reuters.com/article/wtUSInvesting...

[verwijderd] 8 november 2009 15:18

Wie er nu nog van overtuigd is dat de crisis achter de rug is heeft oogkleppen op. Ik was een dikke maand geleden optimistisch maar dat herzie ik nu. Met name de werkloosheidcijfers zullen een effect gaan hebben in winstgevendheid van bedrijven komend jaar. Een consument die werkloos is consumeert veel minder.

Obama ('s team) voorspelde een stijgende werkloosheid tot ik dacht een 8% maar die zit inmiddels boven de 10%. Q1 2010 zal naar verwachting de 11% bereikt worden.

Voor Nederland zijn de huidige cijfers erg verkapt, vergeet de deeltijd WW niet. In feite is deze groep komend werkloos, immers voor velen loopt de deeltijd WW al af en ze belanden dan op straat.

De laatste cijfers van het CBS liet zien dat er momenteel al meer dan 242.000 arbeiders gebruik maken van de deeltijd WW. De beroepsbevolking in Nederland is ongeveer 7,5 miljoen. Als een groot deel van deze 242.000 arbeiders uiteindelijk op straat belanden is dat 3% van de beroepsbevolking... dan nog eens de reguliere ontslagen die nog doorzetten en ik zie ook in Nederland de 10% grens naderen... al komt het met mijn aanname net boven de 8% in Q1 2010.

[verwijderd] 8 november 2009 17:12

Bank bailouts will push the public debt to 160% of GDP.

Public debt is set to balloon to more than 160 per cent of GDP before next year’s election as the huge cost of bailing out Royal Bank of Scotland and Lloyds Banking Group is added to the Treasury’s books.

The Office for National Statistics (ONS) confirmed yesterday that the liabilities of RBS and Lloyds would probably add £1,500 billion to the country’s debt. This is at the upper end of the range it put forward when it made its initial estimate of the impact of the crisis on the public accounts in February.

It would take the total public debt to £2,300 billion, well over the country’s annual economic output (GDP) of about £1,400 billion.

business.timesonline.co.uk/tol/busine...

[verwijderd] 8 november 2009 17:12

Dollar Will be "Utterly Destroyed": Strategist.

The dollar will get "utterly destroyed" and become "virtually worthless", said Damon Vickers, chief investment officer of Nine Points Capital Partners.

"We don't have resources. Neither does a lot of Asia to be quite frank," Vickers said on CNBC's Asia Squawk Box. "Countries that have resources -- the Brazils, the Canadas, Australia -- their currencies are doing well."

Vickers noted that their stock markets have done the best year-to-date.

"They have stuff. They've got resources. They export real things. The United States exports 'promises' and 'pretty paper'," he added.

Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.

"If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that," he said.

Vickers added that this is the time where investors should be making money when the trend is developing.

"Oil looks higher, gold looks higher, currencies look weaker."

www.cnbc.com/id/33709379

[verwijderd] 8 november 2009 18:02

Consumer Credit Plunges

www.businessinsider.com/consumer-cred...

[verwijderd] 8 november 2009 18:04

"China is, probably, diversifying investments from US treasuries to more stable commodity assets. While central banks of many countries, including China are increasing investment in gold, China appears to be using its foreign currency reserves for acquiring a basket of high consumption commodities also, both as a hedge against inflation and also as a hedge against possible raw material scarcity in future."

Read :

economictimes.indiatimes.com/Comments...

[verwijderd] 8 november 2009 18:05

quote:
HerrKaiser schreef:
Consumer Credit Plunges

www.businessinsider.com/consumer-cred...

Consumers are still in full-on saving mode

Hele goede zaak. De veranderingen moeten beginnen bij de wortel van het kwaad.

[verwijderd] 8 november 2009 18:06

Public Pensions Face Ugly Choices.

States and municipalities are in deep financial trouble. Pension performance has faltered. Over a trillion dollars worth of municipal pension fund assets have been erased in the recent market meltdown. The average public pension plan is 35% under-funded, and things are getting worse.

A wave of municipal bankruptcies could well follow.
Read :
www.forbes.com/2009/11/06/pension-fun...

[verwijderd] 8 november 2009 18:13

Tik.......Tik........Tik........

In totality, the "sidebets" on everything from interest rates, to F/X to corporate default risk, amount to about $1.3-$1.4 quadrillion.....

And the actual exposure, or "money at risk" is roughly $60 trillion: a number which is about the same as the world GDP if one were to remove all the various stimulus programs. Take away Goldman, JP Morgan, and all the other wannabe BSD's, and this is what you end up with: the heart and soul of the Too Big To Fail monster itself. And there is no way on earth to stop that mangled, mutated heartbeat without destroying the very fabric of both our capital markets and societal system. Please give the Federal Reserve a golf clap for this truly amazing accomplishment.

www.zerohedge.com/article/here-there-...

[verwijderd] 8 november 2009 18:23

Het "zerohedge-forum" is wel bizar hoor!
Meerdere "Herrkaiser" lookalikes met dezelfde toonzetting...
Als je weet hoe het systeem echt in elkaar zit....sta je morgen niet meer op!
Het uitstellen/oprekken van niet prettige beslissingen als hoogste prioriteit ..

[verwijderd] 8 november 2009 18:27

Paulta alles is het werk van God.
Topman Goldman: banken doen werk van God
ANP/RTR
Gepubliceerd op 08 november 2009 18:05, bijgewerkt op 18:09

www.volkskrant.nl/economie/article131...

AMSTERDAM - De topman van Goldman Sachs, de Amerikaanse bank die volop in de media kwam door de hoge bonussen, vindt dat banken een maatschappelijk belang dienen en ‘werk van God’ doen. Dat zei topman Lloyd Blankfein in een interview met de Britse krant Sunday Times.

‘We helpen bedrijven te groeien door ze te helpen met kapitaal. Bedrijven die groeien, creëren welvaart. Dat betekent weer dat mensen banen hebben, dat zorgt voor meer groei en meer welvaart’, aldus de topman in het dagblad.

Blankfein zei ook dat hij vond dat hoge winsten en bonussen bij banken laten zien dat de wereldeconomie aan het herstellen is. De winst van Goldman Sachs was in het derde kwartaal beter dan verwacht en kwam uit op 3,19 miljard dollar. In dezelfde periode een jaar eerder ging het nog om een winst van 845 miljoen dollar. De bank is van plan aan het einde van dit jaar meer dan 20 miljard dollar aan bonussen uit te keren.

[verwijderd] 8 november 2009 18:31

Believing the rally is real and reflecting the economy ?
You`re total bloody idiot !

Windfall Is Seen as Bank Bonuses Are Paid in Stock.

Even as Washington tries to rein in Wall Street pay, bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.

Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term performance. Within months, the financial system began to mend — partly with the help of billions of dollars in government aid — and that stock began surging in value. Some of it can be cashed in starting in just a few months.

And so the bonuses Wall Street received last year, billed as paltry at the time, are turning out to be among the most lucrative payouts ever.

Read :

www.nytimes.com/2009/11/08/business/0...

[verwijderd] 8 november 2009 18:35

Secret £165bn loan keeping Lloyds alive.

LLOYDS BANKING GROUP is being kept afloat with £165 billion of loans and guarantees from the Bank of England and other central banks around the world, The Sunday Times can reveal.

The bank’s reliance on state funding, detailed in a document released last week in connection with a separate £21 billion fundraising, gives the first insight into the huge scale of aid extended to banks during the financial crisis.

The document says the bank is still “heavily reliant” on government funding. Lloyds also says it would face a “materially higher refinancing risk” if it was not available.

The scale of Lloyds’ dependency has surprised analysts, but they say it shows just how big a financial timebomb it has become. The support is nearly equal to the £175 billion of UK government borrowing to be raised this year, and almost as big as the Bank of England’s £200 billion quantitative easing programme.

business.timesonline.co.uk/tol/busine...

[verwijderd] 8 november 2009 18:46

Het ziet ernaar uit dat hier en daar de smoke & mirrors rond de banken begint op te lossen. Meer en meer details komen nu naar buiten over hoe diep de banken eigenlijk in de stront zaten. En het is nog niet over. Hier over de Bank of Ireland, maar ook bv Spaanse banken hangen nog altijd aan het infuus.

www.independent.ie/business/irish/ban...

[verwijderd] 8 november 2009 18:53

China waarschuwt VS voor deficit

De Chinese premier, Wen Jiabao, heeft de Verenigde Staten gevraagd om het overheidstekort op een aanvaardbaar niveau te houden. Enkel zo kan de stabiliteit van de wisselkoers van de dollar worden gegarandeerd, zei Wen Jiabao in de Egyptische badstad Sharm El Sheikh. China staat onder druk om de yuan op te waarderen, maar schuift nu de bal terug naar de VS.
www.tijd.be/nieuws/buitenland/China_w...

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