“In other words, leveraged speculators are borrowing US dollars in the short-term money markets at near-zero rates to buy bonds in higher- yielding currencies like the Australian dollar or the euro.
September 29th, 2009 | Bill Bonner | 7 comments | ContinuedAll Posts Tagged With: "Dan Amoss"
Seems Everyone is Speculating on the Banks
“Public assistance enables the world’s largest 15 financial firms to return to the capitalization they had in September 2008,” the article continues. The largest of the largest, HSBC, is now judged to be worth $186 billion, according to the stock market.
September 2nd, 2009 | Bill Bonner | 2 comments | Continued
One in Four US banks Announce Unprofitable Quarter
“Friday’s edition of The Wall Street Journal picks up on the theme of the long road of pain ahead for bank shareholders in the US,” colleague Dan Amoss tells us. “In ‘Banks on Sick List Top 400,’ the WSJ details several ugly highlights from the latest FDIC Quarterly Banking Profile, published last Thursday.
September 1st, 2009 | Bill Bonner | 0 comments | Continued
Plenty of Offers, Few Bids
The markets of 2009: plenty of offers; few bids. From Dubai comes word that the property market has not just fallen…it has ceased to exist. This from Justice Litle: “You can’t put a percentage figure on the market drop. In fact, there isn’t a market at all. The scary thing is, they’re nowhere close to facing reality… the official listings have only reduced prices by 10-20%, even with no buyers in sight, and builders are hoping to build more…”
February 18th, 2009 | Bill Bonner | 2 comments | Continued
