27 mai 2008
Les prix des logements ont chuté au 1er trimestre aux Etats-Unis
source: NouvelObs
graphe: themessthatgreenspanmade
NEW YORK (Reuters) - Les prix des logements individuels aux Etats-Unis se sont affaissés de 14,1% sur un an au cours du premier trimestre 2008, a constaté Standard & Poor's/Case Shiller à l'occasion de la publication de son indice. Le recul est cinq fois plus rapide que lors de la dernière récession sur le marché immobilier,.....
Immobilier: ralentissement confirmé, chute des chantiers et des ventes
source: AFP
"Ces chiffres sont à comparer à un premier trimestre 2007
particulièrement bon, mais le ralentissement s'accélère fortement", a
commenté auprès de l'AFP Jean-François Gabilla, président de la
Fédération des promoteurs constructeurs (FPC). Il a souligné le
"retrait marqué des investisseurs en logement locatif".
"L'accession à la propriété des ménages a également chuté, ce qui est
un phénomène nouveau et plus inquiétant", a relevé Michel Mouillart,
professeur d'économie à l'université de Paris X-Nanterre.
U.K. Mortgage Approvals Fall 39% on Tighter Lending, BBA Says
source: Bloomberg
May 27 (Bloomberg) -- U.K. mortgage approvals fell in April
as sliding home values and tighter loan terms dimmed the appeal of
borrowing to buy property, a report by the British Bankers'
Association showed.
Banks granted 38,704 loans for house purchase, down 39
percent from a year earlier, the London-based BBA, which
represents the U.K.'s biggest banks, said today in a statement.
The number is up 9 percent from March.
Auto Industry Feels the Pain of Tight Credit
source: The New-York Times
The auto industry is getting sideswiped by the housing crisis....Some of the biggest drops in car sales have been in areas where home prices have fallen most sharply. The housing boom created thousands of jobs, robust consumer confidence and strong demand for pickup trucks. Today, that has all vanished
Wall Street Dismissals, Not as Bad as '01, Signal Worst to Come
source: Bloomberg
``My guess is there's probably more to come,'' said Sanford
``Sandy'' Weill, chairman emeritus of Citigroup Inc., who worked
on Wall Street for 53 years, in a May 21 interview. ``I think
this is tougher'' than the last market decline, Weill, 75, said.
``There are still more writedowns that may have to be
taken,'' said Samuel Hayes, finance professor emeritus at
Harvard Business School in Boston. Banks and securities firms
``will throw over people the way that they throw over any other
cost,'' he said.
Libor Cracks Widen as Bankers Struggle With Reforms (Update2)
source: Bloomberg
`Even when the market knew UBS was massively exposed and Lloyds wasn't, that was not reflected in Libor,'' said Antony Broadbent, an independent banking consultant and former analyst at Sanford C. Bernstein & Co. in London.
Such discrepancies are creating a crisis of confidence in the London interbank offered rate published daily by the London- based BBA and taken from the contributions of UBS, Lloyds TSB and 14 other banks. Rates on corporate bonds, leveraged buyouts loans, derivatives and even U.S. mortgages are pegged to Libor.
Services fall 'worst since 2001'
source: BBC News
Companies such as restaurants, bars and cinemas have had their
biggest drop in business activity since 2001, according to the
employers' group the CBI.
In its survey, which covered the first three months of 2008, the CBI
said that the balance of consumer services firms reporting a fall in
business volumes was -44%, the lowest since November 2001.
TF1 a un peu de retard, c'est la stagflation qui point son nez en UK......
Provision record pour les caisses d'épargne américaines
source: NouvelObs
Aux Etats-Unis, transports aérien et automobile sont frappés par la crise
source: Le Monde
On ne peut plus continuer comme ça", a lancé, jeudi 22 mai, Gerard Arpey, PDG d'American Airlines. Le même jour, le directeur général de Ford, Alan Mullaly, a expliqué que son entreprise avait "atteint le point de basculement"
Les dirigeants de très petites entreprises n'ont pas le moral
source: Le Monde