09 septembre 2007
"piqué" à Killoup sur la bulle
Une de libération
Semonce
La pierre trop lourde pour les français
La France moins vulnérable
Les escrocs rois au pays de l’immobilier
Vingt années de profit
Faut-il acheter maintenant?
source: L'Express
Crise américaine, taux d'intérêt en hausse, transactions en recul et prix au ralenti... Cette fois, après dix ans d'euphorie, le marché marque le pas. Mais les nouvelles mesures fiscales - comme le crédit d'impôt - pourraient convaincre des acquéreurs qui n'ont jamais été si hésitants. Déjà, de bonnes affaires émergent ici et là. Faut-il saisir les occasions? Tendances, conseils, données exclusives: un dossier complet.
«Ils font des offres, qui sont le plus souvent acceptées. Et, au moment de la signature, ils ne se présentent même pas», raconte Hervé Rempenault, directeur de l'agence Century 21 Luxembourg.
Les prêts longs ont vécu
L'Europe ne craint pas la bulle (sic)
Location: La pause
Excellent dossier de l'Express (mis à part un article)
The Big One Just Hit
source: Charles Hugh Smith
The financial Big One hit today. Though the markets are still standing, the apparently modest damage is illusory--deep inside, the supports have broken. Over the next few weeks, we will witness a seemingly sound structure start collapsing under its own weight--the global house of structured debt. Though to the naked eye it seemed to have survived today's modest financial quake, reverberating shock waves will soon bring it down.
Le risque du big one (~ un krach monumental) se précise selon Charles Hugh Smith: le fait que le dollar enfonce ses supports (au plus bas depuis 15 ans) amène des sérieux risques au niveau du carry trade alors que la dette continue son expansion...
On peut lire aussi le dernier Post de Dupillon sur Daily-Bourse
Turmoil might be addressed without fed funds rate cut: Fed's Plosser
source: MarketWatch
Many Fed watchers believe the Fed district bank presidents are more
reluctant to cut the federal funds rate than the members of the Fed
board of governors.
Plosser put it this way: "It is not appropriate for the Fed to ensure
against financial volatility per se, or against individuals or firms
taking losses or failing."
Nouvelle-Zelande: Auckland apartment prices plunge
source: nzherald
Owners of many inner-city Auckland units are taking a big price bath when they sell.
In one auction of four units last week, two owners lost a total of $169,000 - the difference between what they paid in 2004 and 2005 and what they got last Wednesday.
One owner at the City Sales auction lost $90,000 on a Hobson St unit in the student-oriented Stanford.
PDATE 1-House prices may fall further, Fed study finds
source: Reuters
NEW YORK, Sept 6 (Reuters) - U.S. house prices may fall further as credit availability tightens, according to a new study from the Cleveland Federal Reserve.
U.S. recession could slow China growth: Roach
source: Reuters
Roach said that while the economy was in "terrific shape," more steps would need to be taken to rebalance it.
I think the bigger risk comes to other countries, whether they're in
Asia, through a China-centric supply chain, or even in slower-growing
regions like Europe that don't have the cushion to get hit by a
slowdown in their major external market," he said.
Tiens le conditionnel n'est plus utilisé au sujet d'une (possible) récession américaine. Selon Roach, la croissance chnioise pourrait diminuer de 2,2.5% par contre l'europe pourrait être plus touchée du fait de sa faible croissance....
Banks face 10-day debt timebomb
source: The Telegraph
Almost
20 per cent of the short-term money market loans issued by European
banks are due to mature between September 11 and September 19. Senior
bankers fear that they will have to refinance almost all of these debts
with funds from their own coffers, putting a further strain on bank
balance sheets
"Banks are hoarding cash," said David Brickman, the head of European
credit strategy at Lehman Brothers. "We think the reason for that is
the commercial paper markets. There was $100bn of commercial paper
issued by European institutions that was scheduled to roll over in
August, much of which struggled to do so.
Selon le Telegraph, les dix jours qui viennent seront cruciaux car un amas de dettes à court terme arrivent à maturité durant cette période....
Worst crisis for 20 years, say banks
source: Times
LEADING bankers are warning of the worst crisis in the money markets for 20
years, which will come to a head this week when $113 billion (£57 billion)
of commercial paper – market IOUs – comes up for refinancing.
Another senior executive of one of Britain’s top five retail banks said:
“These are the worst conditions I have seen in money markets for 20 years”.