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 it […]

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 of them […]

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 other hand, this […]

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 […]

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 will be […]

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, they […]

Situation:
U.S. Markets: Welcome back to the 1490/95 resist in the S&P … market plays the rate cuts … even a HUGE ADP number … 3-times the expectations could not hold the market down … Moody’s possible downgrade on Bond insurers, which really could bring trouble again … brought the market down only shortly … President […]

How entertaining TV can be … yesterday … CNBC … declared war on the housing mess … it seems to be a common thing for Americans to declare war on anything which is “disturbing” … So the program shows HOUSE FRONT …
Maria wears a matching jacket to Mozilo’s tie … how sweet …
This […]