| Sendedatum | 2008-01-31 08:53:26 |
|---|---|
| Ausgabe | 31 |
Hallo,
hier eine weitere Ausgabe des beliebten Newsletters für Masochisten und Weltuntergangssekten. Je nach Newsreader kann die Darstellung weniger als perfekt befriedigend sein, daher könnte sich ein Blick auf die Onlineversion lohnen, die außerdem verschlagwortet ist.
Inhaltsverzeichnis:
- Re: Alles wird gut!!!31! - The next bubble
- Re: Alles wird gut!!!31! - The secret bail-out of Spain's banks
- Re: Alles wird gut!!!31! - Wal-Mart chops prices in bid to lure shoppers
- Re: Alles wird gut!!!31! - Merrill Lynch über CDOs
- Re: Alles wird gut!!!31! - MBIA und Ambac
- Re: Alles wird gut!!!31! - FGIC
- Re: Alles wird gut!!!31! - Subprime downgrade
Inhalt:
http://www.marketwatch.com/news/story/america-land-bubbles-next-pop/story.aspx?guid=%7B60CE4669-6814-4A48-A555-BE998EC6FC58%7D&ref=patrick.net
Thema "The next bubble"
Das ist sehr wahrscheinlich richtig.
Das mag auch richtig sein.
Das auch.
Thema "The next bubble"
Zitat:
What's next? More asset-backed bubbles. The dot-com '90s created $7
trillion in market value. The housing boom created $12 trillion in
"fake wealth." Janszen predicts the next great bubble will be a
$20 trillion "alternative energy" bubble. In fact, Wall Street's
already hustling biofuels, solar, wind, nuclear, geothermal and
hydroelectric as the new alternative energies destined to replace
oil, gas and coal in this next new economy.
What's next? More asset-backed bubbles. The dot-com '90s created $7
trillion in market value. The housing boom created $12 trillion in
"fake wealth." Janszen predicts the next great bubble will be a
$20 trillion "alternative energy" bubble. In fact, Wall Street's
already hustling biofuels, solar, wind, nuclear, geothermal and
hydroelectric as the new alternative energies destined to replace
oil, gas and coal in this next new economy.
Das ist sehr wahrscheinlich richtig.
Zitat:
Timing? The new "alternative energies" bubble will last about 8
years, from a 2005 launch till a peak around 2013, when it will
"creatively destruct," when all possible "fake wealth" is squeezed
out, when investors wise up to the scam, when that new bubble pops.
Timing? The new "alternative energies" bubble will last about 8
years, from a 2005 launch till a peak around 2013, when it will
"creatively destruct," when all possible "fake wealth" is squeezed
out, when investors wise up to the scam, when that new bubble pops.
Das mag auch richtig sein.
Zitat:
But be warned: Even before we near the end of the "alternative
energy" bubble, the law of unintended consequences could trigger
a meltdown, not of the bubble but of the "bubble-making machine"
itself! The machine will implode, taking down Wall Street,
Washington, Corporate America ... and with it, the "new economy,"
the "new paradigm" and the "bubble-making machine!"
But be warned: Even before we near the end of the "alternative
energy" bubble, the law of unintended consequences could trigger
a meltdown, not of the bubble but of the "bubble-making machine"
itself! The machine will implode, taking down Wall Street,
Washington, Corporate America ... and with it, the "new economy,"
the "new paradigm" and the "bubble-making machine!"
Das auch.
http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=8921&cat=44-0-0
EZB akzeptiert Müll als Sicherheit für Geld.
Zitat:"The secret bail-out of Spain's banks"
Spanish banks issued a record £39bn of mortgage bonds and other
asset-backed securities in the fourth quarter, according to ratings
agency Moody's. Now, as you'll no doubt recall, the market for these
securities seized up back in July and hasn't really opened up since.
(Incidentally, that's one of the reasons why mortgage rates in the UK
aren't really coming down, despite the fall in the interbank lending
rate and the base rate. The banks and building societies still can't
sell on the loans they make.)
So who is buying all these Spanish mortgages? Well, it seems they
are being used as collateral for loans from the European Central
Bank. The ECB accepts AAA-rated securities as collateral, apparently
unaware that the label AAA carries a lot less weight than it used to.
Spanish banks issued a record £39bn of mortgage bonds and other
asset-backed securities in the fourth quarter, according to ratings
agency Moody's. Now, as you'll no doubt recall, the market for these
securities seized up back in July and hasn't really opened up since.
(Incidentally, that's one of the reasons why mortgage rates in the UK
aren't really coming down, despite the fall in the interbank lending
rate and the base rate. The banks and building societies still can't
sell on the loans they make.)
So who is buying all these Spanish mortgages? Well, it seems they
are being used as collateral for loans from the European Central
Bank. The ECB accepts AAA-rated securities as collateral, apparently
unaware that the label AAA carries a lot less weight than it used to.
EZB akzeptiert Müll als Sicherheit für Geld.
http://money.cnn.com/2008/01/29/news/companies/walmart_pricecuts/index.htm?postversion=2008012908
Liebe Amis, zieht euch warm an. Ganz warm. Die Preiskriege kommen. Und Wal-Mart hat's schon in .de nicht überlebt...
Zitat:Wal-Mart chops prices in bid to lure shoppers
No. 1 retailer to offer discounts of up to 30% on groceries, other
items ahead of Super Bowl weekend; more cuts ahead.
[...]
In addition to the extra discounts on "thousands of products," the
retailer said it will offer no interest for 18 months on purchases
of $250 or more with a Wal-Mart Credit Card.
No. 1 retailer to offer discounts of up to 30% on groceries, other
items ahead of Super Bowl weekend; more cuts ahead.
[...]
In addition to the extra discounts on "thousands of products," the
retailer said it will offer no interest for 18 months on purchases
of $250 or more with a Wal-Mart Credit Card.
Liebe Amis, zieht euch warm an. Ganz warm. Die Preiskriege kommen. Und Wal-Mart hat's schon in .de nicht überlebt...
http://www.bloomberg.com/apps/news?pid=20602007&sid=ajHLnkPk6fc0&refer=rates
spät kommt sie, die Einsicht. Aber fraglich ist, ob sie ueberhaupt in irgendeinen Business drin sein werden
Zitat:Jan. 30 (Bloomberg) -- Merrill Lynch & Co
[...]
``We are not going to be in the CDO and structured-credit types of
businesses,'' which generated 15 percent of the firm's fixed-income
revenue, Thain said at the conference.
[...]
``We are not going to be in the CDO and structured-credit types of
businesses,'' which generated 15 percent of the firm's fixed-income
revenue, Thain said at the conference.
spät kommt sie, die Einsicht. Aber fraglich ist, ob sie ueberhaupt in irgendeinen Business drin sein werden
http://www.bloomberg.com/apps/news?pid=20601087&sid=amjkDZChThtA&refer=home
Ein Hedgefond hat MBIA und Ambac geshortet und tut nun alles, um sie
zu erledigen.
Zitat:MBIA Inc. and Ambac Financial Group Inc., the two largest bond
insurers, may each lose $11.6 billion on guarantees of mortgage-linked
debt and other securities, according to hedge fund manager William
Ackman.
The losses were calculated using a model supplied by an unnamed
investment bank, and the findings were sent in a letter to
the Securities and Exchange Commission and New York Insurance
Superintendent Eric Dinallo. Ackman, a managing partner of Pershing
Square Capital Management LP, began questioning MBIA's AAA rating
in 2002. He has trades set up that would profit from a decline in
the price of the shares and bonds of MBIA and Ambac.
insurers, may each lose $11.6 billion on guarantees of mortgage-linked
debt and other securities, according to hedge fund manager William
Ackman.
The losses were calculated using a model supplied by an unnamed
investment bank, and the findings were sent in a letter to
the Securities and Exchange Commission and New York Insurance
Superintendent Eric Dinallo. Ackman, a managing partner of Pershing
Square Capital Management LP, began questioning MBIA's AAA rating
in 2002. He has trades set up that would profit from a decline in
the price of the shares and bonds of MBIA and Ambac.
Ein Hedgefond hat MBIA und Ambac geshortet und tut nun alles, um sie
zu erledigen.
http://www.bloomberg.com/apps/news?pid=20602007&sid=aBlkQ7KI0l5A&refer=rates
Ei. Wer. Hätte. Gedacht. Daß. Ein. Bond. Insurer. AA. Wert. Ist?
Zitat: Jan. 30 (Bloomberg) -- Financial Guaranty Insurance Co., the world's
fourth-largest bond insurer, lost its AAA credit rating at Fitch
Ratings after missing a deadline to raise capital.
Financial Guaranty, a unit of New York-based FGIC Corp., was cut
two levels to AA, New York-based Fitch said today in a statement.
fourth-largest bond insurer, lost its AAA credit rating at Fitch
Ratings after missing a deadline to raise capital.
Financial Guaranty, a unit of New York-based FGIC Corp., was cut
two levels to AA, New York-based Fitch said today in a statement.
Ei. Wer. Hätte. Gedacht. Daß. Ein. Bond. Insurer. AA. Wert. Ist?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM4dOmbQIYTk
mit anderen Worten, S&P reduziert die Ratings fuer 47% des Subprimemülls
aus 2006-01 bis 2007-06, und sagt keinen Ton über älteres Zeug oder gar
die anderen 53%.
Zitat:Jan. 30 (Bloomberg) -- Standard & Poor's said it cut or may
reduce ratings of $534 billion of subprime-mortgage securities and
collateralized debt obligations, as home loan defaults rise.
[...]
The securities represent $270.1 billion, or 47 percent, of subprime
mortgage bonds rated between January 2006 and June 2007, S&P said
today in a statement. The New York-based ratings company also said
it may cut 572 CDOs valued at $263.9 billion.
reduce ratings of $534 billion of subprime-mortgage securities and
collateralized debt obligations, as home loan defaults rise.
[...]
The securities represent $270.1 billion, or 47 percent, of subprime
mortgage bonds rated between January 2006 and June 2007, S&P said
today in a statement. The New York-based ratings company also said
it may cut 572 CDOs valued at $263.9 billion.
mit anderen Worten, S&P reduziert die Ratings fuer 47% des Subprimemülls
aus 2006-01 bis 2007-06, und sagt keinen Ton über älteres Zeug oder gar
die anderen 53%.
Gruß, Uwe
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