Vietnam’s current economic woes are unlikely to result in a contagion effect to the rest of the region in view of the improved and better fundamentals compared to the 1997/1998 Asian financial crisis, said Aseambankers Research.
“Unlike the 1997-98 East Asian financial crisis, regional economies are now stronger, with better economic, financial and corporate fundamentals (vs a decade ago) to
Qu'on se le dise : une personne ayant déjà contractée la varicelle ne peut plus transmettre le virus à d'autres personnes dès lors que la guérison est complète (soit 7 à 15 jours après l'apparition des premiers boutons). Ainsi, un adulte n'est plus un danger pour personne à partir du moment où il a déjà été atteint par cette maladie dans sa jeunesse ou même le mois dernier.Une fois contaminé, son corps a développé définitivement des anticorps. Il devient "porteur sain", c'est à dire que dès qu'il est à nouveau "attaqué" par le virus de la varicelle, les anticorps le combattent et l'éliminent.Attention quand même, dans certains cas rarissimes, il se peut qu'une personne contracte deux fois la varicelle...Merci à Stéphanie B., stéthoscopiste et à Guillame C., ps
"Right now the big concern is whether a potential new financial crisis in Great Britain - spawned by the 'St. Patrick’s Day Massacre' - will make the jump across the ocean and infect the U.S. financial markets." -- Keith Fitz-Gerald
by Keith Fitz-Gerald
Baltimore – (TFN): With the recent market collapse, the subsequent U.S. Federal Reserve-negotiated sale of The Bear Stearns Cos. Inc. (BSC… Read more »
WASHINGTON - A MOUNTING global credit crisis could result in financial 'contagion' that could wipe US$800 billion (S$1.1 trillion) of value from the books of United States and global financial institutions, a senior International Monetary Fund official said.Mr Anoop Singh, IMF director for the Western Hemisphere Department, including the US and Latin America, cited a high likelihood of a US recession and said he sees losses from the US subprime mortgage market crisis resulting in widening losses for European banks.'This is clearly a period of exceptional uncertainty,' Mr Singh told a conference in Brazil on Monday. A copy of his speech was made available in Washington.'The distribution of risks for the US outlook is wide and skewed clearly toward the downside, and the probability of additi
Last week was one of the most volatile stock market weeks in many years. The market went off its medication and was up and down like a pogo stick. When volatility is this high, you are either going to see a break through upward or a severe correction to the downside. Given [...]Related Posts:■The Menace of Mortgage Debts: Lessons from the Great Depression Series: Part IV: Where do we go After the Housing Crash?■Business Devours its Young: Lessons from the Great Depression: Part V: Destroying the Working Class.■Lessons From the Great Depression: A Letter from a former Banking President Discussing the Bubble.■2007 Year in Review: Subprime Explodes, Prices go Negative, and Captain Credit Crunch Enters the Sea of Housing.■Ode to the Housing Market: Learning to Love the Hou
I'll start off today with a Real Audio file from Jim Puplava's latest 'big picture' Financial Hour at FSU. There are several guests including Jim Sinclair (at 34min mark). Great, easy to understand discussion on the macro-economy including the housing bust, credit crunch, interest rates, money suppy, liquidity, inflation, commercial paper market, OTC derivatives and SIV's, and the precious metals rally. It's about 57 minutes in length and well worth your time. Just click the play button. Enjoy and have a great weekend.------NY Post - CONSUMER DEBT SLOWLY KILLING THE BIG SPENDERSMarketWatch - Falling home prices could dent economyBaltimore Sun - American Home Mortgage Bouncing Property Tax ChecksWashington Post - Northern Rock set for sell-offGlobal Investor - ECB cash infusions may not succeedBusinessWeek - Fed interest rate cut seen this weekCFO.com - Moody’s Sees Tripling of U.S. Junk Default RateTimesOnline UK - Alan Greenspan claims Iraq war was really for oil------Fears
Is the worst over? Fortune's Peter Gumbel offers a 10-point guide to understanding two harrowing weeks - and what's likely to happen next.PARIS (Fortune) -- Relax! There's really no need to panic! That's the soothing message being put out this week by key players in financial markets after two harrowing weeks in which credit markets in Europe all but dried up, prompting massive injections of funds into the system by the European Central Bank, the U.S. Federal Reserve and the Bank of Japan.Overnight borrowing rates have come back down after spiking wildly and stock and bond markets have been bouncing back around the world. The European Central Bank, which continued to inject funds into the market on Tuesday, albeit less than one-tenth the amount at the peak of the crisis last week, says that money-market conditions are "normalizing." And Tuen Draaisma, Morgan Stanley's chief European equity strategist, for one, recommended in a note to clients that they should go "overweight" in eq
This week witnessed the final nail in the housing bubble coffin. We have reached what seems to be the Minsky moment for the housing market. Named after the US economist Hyman Minsky, the idea holds...
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Housing Recession Deepens and Subprime Credit Crunch Spills Over to Other Mortgagesby Nouriel Roubini - 5/16/07 snip:Today's figures on housing starts and building permits show that the housing recession is worsening. First of all the reported 2.5% increase in housing starts in April is a total optical illusion: the reported 1.528 million of housing starts was a 2.5% increase relative to a March figure that was revised significantly downward from 1.518 to 1.491. If you compare housing starts with the initial estimate of starts for March, the increase is only 0.65%. I.e. only if you blissfully ignore that March was much worse ex-post than its first estimate you can argue that you had an increase in April relative to an even more depressed March. More importantly, and ominously, building permits plunged another whopping 8.9%, down to 1.429 million, their lowest level in 10yrs. Building permits are a leading indicator of housing starts as you need to get a building permit to start a hous
Is the Housing Slump Getting Worse? Probably. Portfolio.com by Robert Horning - 5/4/07 snip:Commerce Department data released last week revealed that the vacancy rate for ownership units in America had reached 2.8 percent, the highest it's ever been since the Census bureau adopted its current methodology in 1994. The Commerce Department defines the often-overlooked statistic as the proportion of the homeowner inventory that is vacant and for sale. Not a bad barometer of the housing market--one out of reach of the often overly optimistic real-estate industry. As Dean Baker, an economist at the Center for Economic and Policy Research and blogger for The American Prospect, points out, the vacancy rate had never before passed the 2 percent plateau until the fourth quarter of 2005. You might assume that if more ownership units are vacant, that's because more people are renting. But rental unit vacancies are also up, to 10.1 percent from 9.5 percent in the same quarter a year ago. Click Im
Payment Woes Worsen On Riskiest Mortgages by James R. HagertyWall Street Journal 4/4/07snip:The number of borrowers in the U.S. falling behind on the riskier types of home mortgages continues to grow, according to new data from First American Loan Performance, a research firm in San Francisco.The rapid rise in overdue payments and defaults has forced dozens of lenders out of business or into bankruptcy protection in recent months and darkened the outlook for the U.S. housing market.The First American data show that in January payments were at least 60 days late on 14.3% of "subprime" loans that had been packaged into securities, up from 13.4% in December and 8.4% in January 2006. Subprime loans are those made to borrowers with weak credit records or large debts in relation to their incomes. For Alt-A loans -- a category between prime and subprime that includes many loans that don't require full documentation of the borrower's income or assets -- the late-payment figure rose to 2.6% i
No Spillover - No Contagion - Not ! by Mike ShedlockMish's Global Economic Analysis 4/1/07 - (click charts to enlarge)">snip: 1 – Too much inventory.2 – Not enough buyers.3 – Buyers that can’t qualify.4 – Desperate sellers dropping prices.5 - #4 adds to #16 – Sellers that can’t sell existing homes.7 - #6 adds to #38 – Did I already say, too much inventory.9 – Buyers waiting for the bottom.10 – Rising foreclosures hitting the market.11 - #10 adds to #112 – Flipper inventory coming on the market.13 - #12 adds to #1Full Artcle Here...------More...Sun-Sentinel - Even Foreclosures are a Tough SellBloomberg - Subprime Crisis to Spread to Higher-Tier Loans, Economist SaysReuters - F&C says CDO market to see "massive default cycle"Bloomberg - New Century Files for Bankruptcy Following Subprime DefaultsIndy Star - The threat to national, local economies from the housing sectorBloomberg - Subprime Mortgage Bond Sales Plunge as Loan Delinquencies SoarCSM - US workers saddle
Firstly, let me tell you it's not Orkut's Fault.By blocking the virus, Orkut will have to make it tougher to use the features it offers.But I still can't understand, how the worm bypasses the CAPTCHA (or something like that) that is the Image Verification feature required for posting links !!!Just browsing through orkut wont spread virus. But once you click the link - U're done for ....Click here to learn How to remove the Orcu virus (Orkut virus or worm )...1.Check your machine for "minhasfotos.exe," "winlogon_.jpg" and "wzip32.exe," . and if it is there scan your system with ewido,spybot,adaware and antivirusTo reduce virus or worm infections1. Use antivirus2. Use of browser other than IE will be better ( Firefox - Download Firefox from my sidebar )3. also use followinf scanners1. Ewido - http://www.ewido.net/en/download/ or http://free.grisoft.com/doc/5390/lng/us/tpl/v5#ewido-free2. Adaware - http://www.download.com/3405-8022-5153545.html?part=dl-ad-aware&subj=dl&tag=top53
Yesterday Susan Bies, one of the outgoing Fed Governor's, stated problems in subprime remain contained to a "narrow segment" of the market. Sue, think again. NY Life is being forced to sweeten its sale of collateralized debt obligations (CDOs). NY Life Story is here.I thought this was the funniest paragraph in a not so funny story, since my warped mind conjures up a picture of these guys hiding under the covers with thumbs inserted into their mouths crying for mommy."Edward Fitzgerald, fund manager for the New York Life CDO, named "Corona Borealis," didn't return a phone call seeking comment. Robert Dial, another fund manager for NYLIM, declined to comment and referred questions to Fitzgerald. "Editors Note: These are the next areas of the market to watch - activity in CDOs, RMBS, etc. The Markit indexes on ABX swaps were excellent early warning signals for us in subprime and I'll be looking at other Markit indexes along with a few others from Merrill Lynch. Spreads are widening and
