01 avril 2008
The Financial Crisis
source: BusinessWeek
In this special report, we explain what changed Bernanke from a cautious technocrat into a reluctant revolutionary. The short answer: Desperate times call for desperate measures
The Fed's Revolution
Street of Fear
The Few Bright Spots
None So Blind...
What If Your Broker Goes Belly Up?
Spanish Property Market in Freefall
source: BusinessWeek
"We have to accept this is not a gentle correction, but a full-blown
crisis. We can only hope it will be sharp and short," says Fernando
Encinar, a director of Spain's leading online estate agent,
idealista.com.
The news will scare millions of Spaniards -- and hundreds of thousands of Britons and other northern Europeans -- who stretched themselves to get mortgages on homes they believed were a cast-iron investment.
Miguel Blesa, president of the Caja Madrid savings bank, Spain's second
leading mortgage provider, warned that things would get worse. "There
will be more problems in the property sector in coming months, since
the market in new homes is paralysed," Mr Blesa predicted
Radical action to fight credit crisis discussed
source: Financial Times
Radical strategies to fight the credit crisis including temporary suspension of capital requirements, taxpayer-funded recapitalisation of banks and outright public purchase of mortgage-backed securities are being actively discussed by governments and central banks.
American house prices Grim realty
source: The Economist
Fed May Rethink Greenspan's Hands-Off Approach Towards Bubbles
source: Bloomberg
March 28 (Bloomberg) -- Federal Reserve officials may be rethinking their aversion to acting against asset-price bubbles, an article of faith during former Chairman Alan Greenspan's 18 years at the helm
States Are Hit Hard by Economic Downturn
source: The Washington Post
California is facing the worst budget crisis, with a $16 billion shortfall, and Gov. Arnold Schwarzenegger (R) has proposed a $4.8 billion cut in education services. About 20,000 teachers, counselors, librarians, nurses and other support staff members have received notice of potential layoffs, according to the state's Education Department.
The Dilbert Strategy
source: The New-York Times
Auteur: P. Krugman
Anyone who has worked in a large organization — or, for that matter, reads the comic strip “Dilbert” — is familiar with the “org chart” strategy....You now understand the principle behind the Bush administration’s new proposal for financial reform,
Terriblement vrai.....
New-build flats lose 26% on resale
source: Financial Times
According to data analysing sales over the past three years, the average price drop between official Land Registry figures and subsequent sales at auction was 26 per cent.
FMI : la récession US impacte la croissance allemande
source: EasyBourse
Après l'euphorie, la dégringolade à la bourse de Shanghai
source: Aujourd'hui la chine
"La plupart des petits investisseurs ont subi aux alentours de 30% de pertes.