Wednesday, August 25, 2010

The End Game Approaches, Probably In Next Few Weeks.


(snippet)
"This has been one of the most interesting days in finance ever," said Andrew Roberts, head of credit at RBS. "We are right at the tipping point. Yields are about to collapse even further, equities are about to turn over. The end game approaches, probably in next few weeks."
In the US, the 27pc collapse in existing homes sales in July leaves no doubt that America's property market cannot stand on its own feet without the prop of homebuyer tax credits. "Home sales are in free-fall. These are truly dismal numbers," said Teunis Brosens from ING.
The overhang of unsold homes has jumped from 8.9 months' supply to 12.5, higher than at any point during the Great Recession. Over 20pc of mortgage holders are already in negative equity and home default notices hit 325,000 in July.
The Richmond Fed's manufacturing index showed a plunge in August expectations on Tuesday, with shipments dropping to 7 from 40 two months earlier, and the backlog of orders dropping to -1 from 22. This follows the Philly Fed's crash last week to -7.
Stephen Lewis from Monument Securities said bond yields have dropped further than they did in the "flight to safety" extreme of late 2008, a sign that markets fear that underlying conditions are even worse today than they thought then. "Now they fear the global economy will remain in the mire for decades," he said.
For the Japanese this has become a nightmare. Their V-shaped rebound has been cut off short of its 2008 peak. Growth stalled to just 0.1pc in the second quarter. Unemployment has been rising for four months.
More Here..


Morgan Stanley Says Government Defaults Inevitable
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34 comments:

  1. http://money.cnn.com/data/world_markets/europe/

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  2. http://www.bloomberg.com/news/2010-08-25/morgan-stanley-says-government-bond-default-is-question-of-how-not-if-.html

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  3. http://www.floridaoilspilllaw.com/must-see-internal-rov-cam-films-black-blobs-flowing-from-above-cement-plug-video

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  4. http://larouchepac.com/node/15589

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  5. http://www.news.com.au/technology/us-militarys-top-secret-x-37b-shuttle-disappears-for-two-weeks-changes-orbit/story-e6frfro0-1225909738276

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  6. http://www.cnbc.com/id/38831550

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  7. http://www1.voanews.com/english/news/North-Korea-Massing-Military-Near-Pyongyang-101371784.html

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  8. http://endoftheamericandream.com/archives/15-signs-that-the-u-s-housing-market-is-headed-for-a-complete-and-total-nightmare

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  9. Many of those are already on this site.

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  10. http://www.youtube.com/watch?v=eb1n1X0Oqdw&feature=player_embedded

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  11. 8:25 you must be new here, those are DUPLICATES! Read this site before you waste space

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  12. I don't know if it will be in the next few weeks or months. What I do sense is that it will happen and it will be cataclysmic, people who had no basic idea will be in utter disillusion. Those that were into reality will even be shocked. "Wow, it really happened!?" Well, what else could possibly happen? This is unavoidable, yet it still seems far out - but it is the only probable outcome of all of this.

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  13. All is well. Barack bought three new suits today with ties and shoes to match. He shot a 107 yesterday and had a lunch of oysters and California champagne. Then he lost the reporters for a couple of hours when disappeared into a large hotel with three of his entourage.

    Michelle meanwhile continues to exhibit the archetypal occupations of all first ladies, shopping, going to premiere events and dining at a different restaurant every day.

    I am so glad we have them in the White House! I sleep better at night knowing that no matter what happens, Barack will have a good day tomorrow and the next day and the next and the next and the next and the next and the next and the next and the next and the next ..........

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  14. Maybe the idiot sheeple will finally stop braying about the "Ground Zero mosque" garbage and actually focus on the economy. Every time I see the sheeple talk about something stupid like steroids in sports, how much they hate Islam, American Idol or all this other stupid crap I feel that they deserve what they're getting.

    But the rest of us are dragged into this decline and depression too, and we need the moron sheeple to get us out of it. At least they need to get on board and start questioning what is happening around them.

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  15. Do not fear!

    The Speech-reader-in-Chief is fully engaged.

    There is no reason to suppose that a man plucked from obscurity six years ago and now the P\peter of the free world will not rise to the task.

    There is no reason to suppose that his job is done, having just aimed the ship of state at the nearest reef and sent'er in with a tank full of gas.

    There is no reason to suppose that all of the evidence showing he has no clue or inclination to avert a disaster is true.

    There is no reason to believe that he does not love America more than his life or his fortune.

    Seat in upright position, knees between the legs, 'Our Father, who art in heaven, hallowed be thy name....'

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  16. 10:18

    You and those like you who despise the American people as sheeple better wake up. They are the ones that shove your food out of the window at mickey d's, put your new tires on your Subaru and will wipe your shitty ass when you are too decrepit to do it yourself.

    If the schools are ruined and turning out substandard products, why haven't you and the rest of your know-it-all elite taken the local school board from the progressive slime that runs it?

    Why haven't you run for office on the platform that you profess to subscribe? Why haven't you organized and marched in the streets with others like your self?

    The truth is you and your cohorts are selfish, cowardly, lazy, no-nothings that want everything done for them.

    Well, guess what?

    You got it.

    How do you like your hope and change now?

    Maybe you didn't vote for it but you nourished the virus every time congress passed more asinine spending and you did nothing, every time porn came on your tube and you did nothing, every time the supreme court voted to cheapen human dignity or human life and you did nothing/

    Now, sit back and enjoy your picture show.

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  17. Barry Obumbler reminds me of the brothers in New Orleans during Katrina. Their would was coming undone and all they cared about was looting high end consumer goods.

    All we need is that idiot Celine Dion on Larry King crying leave these people alone...let them touch these things they don't have.

    Keep on partying Barry, shit is in the oven.

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  18. BO and his, "I have never been proud of my country, untill my husband was elected", Miss, I need to give up my law degree, before the state takes it away and files charges, are a couple of narcissistic idiots that need to laid off.

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  19. The PPT was hard at work propping up the markets today!

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  20. With all the dismal news today ain't it amazing how the markets mysteriously ended in the green?! Print and prop continues to be the regime's final attempt and last course of action. Obviously there are plenty of smart people not falling for the scam since gold is storming back with a vengence!

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  21. Thanks God you, americans are going down. You have been arogant and committed enough crimes against people of many nationalities around the world. Now it is time for you to suffer. Thanks God for it.

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  22. 2:54

    Where are you? We will send a greeting courtesy of the US Navy.

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  23. 2:54 America goes down, you go down. Then all will suffer.

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  24. 2:54 Is that you Obama or just one of your buddies?

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  25. 254 is that you bush, you tried really hard to wreck the country, now it looks like you are succeeding at something.

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  26. The NIC is laughing at you from his swanky vacation digs. Ordering lobster and sipping fine wine.

    Enjoy your can of Spam.

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  27. All you have to do is watch the debt clock and then you will know why!

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  28. 3:44 You and Joe BITE ME think the country is now going in the right direction.

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  29. What is a NIC? Well, the I stands for "In" and the C stands for "Charge".

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  30. N = narcissist

    Close, NIC = narcissist in chief

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  31. I wish it would crash, cleanse the system

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  32. When will the next civil war start?

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  33. 8:38 asks "When will the next civil war start?"

    It already has and they are kicking our asses at the moment. Most of the sheep are to dumb to know it

    ReplyDelete

Everyone is encouraged to participate with civilized comments.