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Everything posted by MOP

  1. Could someone tell me what the title of the article is? I can't open the link.
  2. He forgot about the fact that he'd planted a bomb in his own shed?
  3. Link not working for me. Can you give me something I can google to find it?
  4. Why do you always assume people on here have f*ck all Sibs? I could probably buy your house twice over if I wanted (or even 3 times over in a couple of years time ).
  5. http://www.cnbc.com/id/32417835 Warning: The video interview at the above link may make bulls cry.
  6. Two threads started on this last night, but it's worth repeating. Warren is at the coal face so she should know. She seems to be suggesting that we are being lied to left, right and centre with all this mark to myth bullsh*t. Most of the banks are utterly fu*ked apart from maybe JPM and GS. I suspect it will start to become clear once the Option ARM, Alt-A, CRE and credit card defaults gather pace towards the end of this year. 2010 looking like carnage as she suggests.
  7. If I had to start a new thread every time Jordan goes down, I wouldn't be able to keep up. I shall just concentrate on banks going down.
  8. http://www.bloomberg.com/apps/news?pid=206...id=aXsSaA6DJw_4
  9. Indeed. This is the "back to school" buying season in the U.S. but the consumer contraction just keeps on going.
  10. http://www.cnbc.com/id/32416061 Not good news when consumption is the engine of the U.S. economy.
  11. More bad consumer news coming out of the US today. DOW 9277.12 -121.07 -1.29% NASDAQ 1979.35 -30.00 -1.49% S&P 500 998.78 -13.95 -1.38%
  12. If you consider just how low we went towards the end of 08/start of 09, it's no suprise that we should see some improvement. Getting anywhere near 07 again is a very different matter.
  13. Who let you out for the day. I know who Art Cashin is and he's a [email protected], but this article is not about Art Cashin or CNBC, it's about Deutsche Bank Chief Economist Norbert Walter
  14. Which part of "Deutsche Bank Chief Economist" did you not understand?
  15. I don't think so. Elizabeth Warren is overseeing the US "Emergency Economic Stabilization Act" and has just lifted the lid on the true state of the US banks. It's not pretty. She expects the next wave to hit the banks in early 2010 when the heavy loses from the Option-ARM/ALt-A/CRE defaults start to kick in. http://www.msnbc.msn.com/id/22425001/vp/32385463#32385463 If the banks are still under water now, how will they cope when this all kicks off in early 2010?
  16. http://www.cnbc.com/id/32396144 Video interview at the above link. This ties in well with the Elizabeth Warren revelations about the true state of the US banks. http://www.msnbc.msn.com/id/22425001/vp/32385463#32385463
  17. I started a thread on this last week. http://news.yahoo.com/s/nm/20090805/bs_nm/...ng_deutschebank We have only seen the first wave of this crisis.
  18. Officially it would probably be called a new recession but I would tend to just call it double dip recession like Roubini has. It just shows how pointless the criteria is.
  19. Yep. The Alt-A/Option ARM resets start to pick up in early 2010: And CRE defaults are only getting started:
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