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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man1/9/2009 11:46:58 AM
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Derivative notionals record a 5% decline in the third quarter.
95% to go... we probably advanced some more to the downside in
the 4-th quarter. The bulk of the derivative meltdown
lies ahead.

Banks record profits from the fall of their credit rating -ggg-

occ.treas.gov

"Despite continued challenging trading conditions which have
existed since the current market disruption began
in mid-2007, banks reported a 272% increase in trading
revenues to $6.0 billion in the third quarter. National
banks reported generally stable client flows and increased
client revenues due to wider bid/offer spreads, but
the significant turnaround in trading revenues is largely due
to an accounting rule related to declines in the
banks' own credit standing, as measured by their credit
spreads."
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