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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (7104)	1/20/2010 7:17:40 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 7944

Oh yes... To: Exotic who wrote (41928) 1/18/2010 12:30:30 AM From: Bucky Katt of 41949 Throw in the spent out consumer, here and there. And that consumer can't get the credit to buy buy buy. And throw in the punky JPM loss in retail lending. But think of it, the banks can borrow at near zero and sell it back for 3% Why would they lend to low credit score 6 packers? ______________________________________________________ UK, Germany, France at Greater Default Risk Than Top Companies: Throughout the financial crisis we’ve witnessed governments stepping in to backstop and rescue failing corporations with loans and bailouts… now imagine the reverse. For the first time, judging by the cost of insuring against a debt default, “the market has started to price in a bigger probability of default among industrialized countries than among investment grade companies.” According to the Financial Times: “This development reflects the market’s current obsession with sovereign risk. The same thing applies in the bond markets where investors are no longer willing to regard the debt of an increasing number of developed world governments as risk free. These countries have taken on huge private sector debts in their efforts to reverse the economic downturn and bail out the financial sector. Message 26233890 Message 26234763