Once upon a time there was a large UK based lender called Northern Rock … It had a stupid business model and failed acordingly … Everybody tried to find a buyer … Goldman Sachs advised the Government … but not even THEM wanted to make a decent bid So the ashamed Government had to take [...]

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 [...]

The story still drags on … but now a decision could be close. Some thing are close to unbelievable, but true. The troubled lender owes 50(!!!) bln $ to the BoE and still has no foot firmly on the ground. (BoA guys, read on ) But it is not the size, which makes me rub [...]

As I will not be able to trade today, just one thing … What about interest rate cuts … even in Europe tomorrow??? The situation … Due to the global credit crunch, money markets are unusually tight … the spread between the official rates and the interbanking rates is widening every day … reaching levels, [...]

The US keeps us busy, guessing, whether the consumer still is in the right spending mood (have a look at TechCrunch) to drag the market higher … First results show positive results, showing a 8.3% increase on last year and online traffic to merchant sites up 61(!!!)% compared to last year. Another possible good news [...]

Next week could decide the fate of the Dax … as well as other markets … (pls. see Chartcomments MONTHLY and DAILY) We had our “holiday-related” bounce, BUT next Friday is the end of the month and a lot of data coming up, giving plenty reasons to buy or sell. Everybody talks about … -the [...]