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A Moment Of Awakening . . .

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#196 Charmin


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Posted 11 December 2002 - 01:39 PM

S&P Warns Of Stress On Banking Systems

NEW YORK (Standard & Poor's) Dec. 11, 2002--As the world economy slows after several years of robust expansion, banks in mature economies are increasingly exposed to a potential fall in residential real estate prices and the rising level of household and corporate debt, according to a commentary issued today by Standard & Poor's Ratings Services.

"Over time, booms and busts in asset prices have been leading contributors to financial stress for global banking systems," said Ernie Napier, a global banking credit anal cyst at Standard & Poor's. "While the current business cycle has lasted longer than many had expected, there are growing signs that a correction of the imbalance between asset prices and household income may be on the way. However, the real negative impact from the unwinding process may not occur until interest rates start to rise again," he continued.
In the Standard & Poor's commentary, "Global Financial System Stress," the credit ratings agency monitors several leading indicators to spot adverse trends. These indicators are excessive credit growth, increasing leverage of the private sector, asset price inflation, and the weakening of a banking system's external position.

The commentary cites banking systems potentially facing stress in Ireland, the Netherlands, Panama, Portugal, Spain, United Kingdom, and the United States.

Banking systems in Brazil, China, Egypt, Germany, Japan, Lebanon, Poland, Taiwan, and Turkey have been identified as already under stress.
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#197 Stutz


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Posted 11 December 2002 - 01:39 PM

Stutz: from the magambo gurus latest: "So a bullish bet on the global economy right now is that Alan Greenspan, in tight cooperation with the other powerful central bankers around the world and planetary system, utilizing a consistent theory of monetary/banking policy, will, for the very first time in history, actually conquer the fabled "business cycle," that pesky boom-bust scenario, that has been the bane of man.


To paraphrase an old joke about out-running lions, they don't need to outrun the "business cycle," they just need to outrun the bears. They need to transform the landscape. No mean feat. Personally, I think we wake up one morning and the whole festering credit system will have seized up. Very possibly shorts will be declared social criminals, and their brokerage accounts blocked. And we/I sail completely off the map.
I don't know what "they" will do, but I'll make book it's not nothing.

#198 Guest_soup1_*

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Posted 11 December 2002 - 01:39 PM

I also know that I need to buy more gold coins, but I do not want to pay up; talk about being myopic

#199 Fartpolio Manager

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Posted 11 December 2002 - 01:41 PM

As I was typing, another HUGE block was traded at 25.85 apprx...

wow... something is up...

I see what's up, day traders.... they bot on the open 3. 5 MM shares, they are done here on 2.5MM .... 1 MM to go... FWIW...

#200 phatbubble


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Posted 11 December 2002 - 01:41 PM

earlier in the day at low of the day for klac, i unloaded my puts for 75% profit and i am waiting to reload on them.

nice torah. :D
Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.

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Posted 11 December 2002 - 01:42 PM

Stutz: no argument they will do "something" and it will surely not be pretty. But at the end of the day it will not overtake the natural cycles and laws of nature. Pretty grim, but I would rather stay on top of the situation than bury my head in the sand and hope.


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Posted 11 December 2002 - 01:43 PM


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Posted 11 December 2002 - 01:45 PM

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