Analysis of Forex Trading, Financial Markets, and Economic Policies
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Everyone is talking about how credit has “dried up”. So, has it dried up? Not really. Source: Federal Reserve of St. Louis As the data shows, bank credit has come down slightly but nothing like what the media hype would suggest. Even consumer credit is holding its ground… Source: Federal Reserve of St. Louis Consumer [...]
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There are some stocks that just can’t be worth $1 (or some number around this). These stocks either goes to zero or it goes well above zero. I’m going to use Citigroup as my case-in-point and then extend the argument to Bank of America. Citigroup’s stock reached a low of $1.02. Now, at the current [...]
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In case you missed which banks are probably undergoing “the stress test”, here is the list. This list was complied by Paul Kiel at ProPublica and consists of the banks that he thinks is likely to undergo the tests. Name and Total Assets in Billions 1. JPMorgan Chase – $2,175 2. Citigroup -$1,947 3. Bank [...]
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As you read articles about the current crisis, people are quick to say that “we have been here before” and that this is nothing short of a somewhat-typical downtrend in the market. If the market trends are not enough to say that what we have at the moment is something very different than what has [...]
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As the last few weeks have shown us, the credit crisis is a global phenomenon. It first hit the U.S. financial system and it has now ,started to hit the Euro Zone. The question is whether the effect of the crisis will be smaller or larger on the Euro zone banking system. Banks in Europe [...]
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