Unfortunately, I encounter since yesterday major electricity and internet outages Hope to be back up soon … thanks for bearing with me! Today’s news … ALL negative … – BoE sees inflation for several(!) quarters above target … risk for LOWER growth … recession possible. – Moody’s again looking at bond insurers … BE AWARE!!! [...]

Or … in other words … much money … no brain The facts … of today only … -UBS … dissappointing figures … even after very weak expectations … says … MORE WRITE OFFS … sees MONOLINE induced ones … AUTSCH -FNM … worse than expected … but positive talk despite their view, housing market [...]

As we all know, the U.S. real estate market is facing a big crisis … Prices are going down, the consumer is hurt and the economy starts to roll over. But … at least the U.S. has a falling currency, which helps, and Helicopter Ben, doing until the impossible to float the boat Even if [...]

Every day the same story … market heads south … on REAL data … Today … retail sales … HORRIBLE … HFs going under … Bear Stearns about to go belly up Then … a white knight appears … if it is not Heli-Ben it is one of his “a**kissers” … Today … even two [...]

I always get a bit wary as themes which dominate the markets become stories on MAGAZINE COVERS. This weeks Business Week’s cover is: HOUSING MELTDOWN. And it happens as markets already stabilized, the big troublemakers tied up (Countrywide and Northern Rock) and even the homebuilder sector has recovered A LOT from the lows. On the [...]

Here the 2008 main investment themes as I see them … as expected … EIGHT of them 1. Housing Sector The housing sector keeps plummeting and no relief yet to be expected. November figures showed that the seasonally adjusted annual rate of 647.000 new home sales (the number is expected to be revised even lower) [...]

All eyes on the FED … but don’t we know already, what they will do? 25bps for the FED funds and maybe even more for the discount rate … the discount rate cut can be bigger as they want to have it USED … fighting against the rising interbank rates. The outlook of the FED [...]

It is getting to the point, where you could laugh wholeheartedly if the situation would not be just too sad … We face a major crisis in the biggest (still) economy on the planet. Stuffed with cheap dollars and recklessly low interest rates from Japan, everybody was happy to buy on credit, whatever it took, [...]