Centralbanks and Governments are desperately trying to turn the tide … With the interest option out of question and the Governments’ pockets already showing some holes … The ultimate weapon is about to be used … JUST PRINT MONEY!!!! Let the printing machine run all day and solve it that way … AUTSCH!!! After the [...]

One bank after another comes out and admits … we face bankruptcy / nationalization. No end in sight … Some see NOW … that only ONE THIRD or even ONE QUARTER of the problem is “solved” … But the problem gets bigger EVERY DAY … as the real economy goes DIVING … And the WORST [...]

What could be the 2009 “surprise”? Simple, according to Deutsche Bank’s credit strategist, Jim Reid: So if 2009 goes horribly wrong it’s probably because there’s a run on a major currency or a Government bond market than because of wide scale corporate defaults. At the moment the UK remains the lowest hanging developed market fruit. [...]

The U.K. was the first to nationalize a bank … Northern Rock … NOW they step in to “nationalize” at least partly the “former big” banks. Market talk is, that tomorrow BEFORE markets open, an announcement from Mr Darling will be made. Talk is, that the UK Govt. will take stakes in RBS, Barclays and [...]

A total of EUR791 million was borrowed in overnight funds at the 5.00% penalty rate as of Sunday, the European Central Bank said. AUTSCH … UK lenders sold off heavily as Bradford and Bingley (down more than 23%) came out with a profit warning … Northern Rock replayed??? HBOS were down more than 11% as [...]

The UK “bailout” dissappoints … as no US mortgage related assets will be accepted and the “haitcut” is bigger (30%) than expected … so … April expiration done … what’s next? As there is NO fundamental change … whatever the press tries to tell us … We should see some selling now again … It [...]

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 [...]