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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (87283)	2/18/2012 8:35:03 PM
From: average joe	Read Replies (2) \| Respond to of 219525

This is impossible..... Swedish man survives for months in snowed-in car uk.reuters.com Credit: Reuters/Rolf Hojer/Scanpix STOCKHOLM \| Sat Feb 18, 2012 7:49pm GMT STOCKHOLM (Reuters) - A Swedish man was dug out alive after being snowed in to his car on a forest track for two months with no food, police and local media reported on Saturday. The 45-year-old from southern Sweden was found Friday, emaciated and too weak to utter more than a few words. He was found not far from the city of Umea in the north of Sweden by snowmobilers who thought they had come across a car wreck until they dug their way to a window and saw movement inside. The man, who was laying in the back seat in a sleeping bag, said he had been in the car since December 19. "Just incredible that he's alive considering that he had no food, but also since it's been really cold for some time after Christmas," a rescue team member told regional daily Vasterbottens-Kuriren, which broke the news. Ebbe Nyberg, duty officer at the Umea police, said police saw no reason to doubt that the man had been stuck in the car for a very long time. "We would not make something like this up. The rescue services were on site too and saw the same as us," he told Vasterbottens-Kuriren. Umea University Hospital, where the man is recovering after being rescued by police and a rescue team, said in a statement he was doing well considering the circumstances. Doctors at the hospital said humans would normally be able to survive for about four weeks without food. Besides eating snow, the man probably survived by going into a dormant-like state, physician Stefan Branth told Vasterbottens-Kuriren. "A bit like a bear that hibernates. Humans can do that," he said. "He probably had a body temperature of around 31 degrees (Celsius) which the body adjusted to. Due to the low temperature, not much energy was used up." Why the man ended up under the snow in the forest remains unknown, police said. (Reporting by Anna Ringstrom; Editing by Janet Lawrence)

To: Cogito Ergo Sum who wrote (87283)	2/20/2012 3:42:55 AM
From: TobagoJack	Respond to of 219525

more relaxation on the way, just in in-tray The PBOC announced a cut to the required reserve ratio (RRR) by 50bps, effective from February 24. This will lower the RRR for large banks to 20.5% and small banks to 18.5%, and make RMB420bn of deposits almost immediately available for lending by the banking system. We see several reasons that prompted this PBOC action: First, we believe that the tighter domestic liquidity condition (as evidenced by the sharp increase in interbank rates last Friday) was a key reason behind the timing of this RRR cut. The amount of OMO redemption was low in February and RMB400bn of reverse repo was due last Friday. Second, the ytd loan growth has been constrained by slow deposit growth. Based on the weak momentum of new lending in the first two weeks in February for the Big Four banks, new lending by the banking system for the whole month of February could be around RMB750bn only, according to our bank analyst. This pace of loan growth, if annualised, would undershoot the lower estimate of annual new lending of RMB8tn. According to the historical quarterly distribution of new loans, the current pace of monthly new lending is behind the target by RMB50-100bn per month. In addition, total social financing -- a broader measure of liquidity for the economy -- fell 45% yoy in January 2012 to RMB956bn according to the PBoC. All these suggests are giving the PBOC pressure for the RRR cut. Third, net capital inflow may not be strong enough. Total FDI inflow has declined in the last few months, as FDI from Europe fell significantly. Contrary to the 2-4% appreciation of most emerging market currencies ytd, recently the RMB FX rate has been steady even during the visit of China Vice President Xi Jinping to the US. We believe that the net capital inflow to China, resumed a few weeks ago, may not be strong enough to convince the PBoC that the reserve growth per se would achieve their M2 growth target of 14%. Fourth, CPI inflation will likely drop to 3.8% yoy in February, much lower than January's 4.5%. Lower inflation in February will provide a bit more room for PBoC to ease monetary policy. Fifth, the need to roll over part of LGFV loans in 2012 could crowd out loans to other sectors. This implies that total new lending this year may need to exceed RMB8tn. Going forward, we expect two more RRR cuts in the coming six months in order to support bank loan growth. We believe the market will gradually form the expectation of one RRR cut per quarter til Q3 this year. We think the market will view this RRR cut as modestly positive in the short run. On sectors, banks should benefit from expanded NIM following the RRR cut. Property names may also get a lift, as more liquidity in the banking system implies increased credit availability for mortgage loans. This, together with the de facto cut in the deed tax by several cities (which broadened the definition of ordinary apartments that are subject to a lower deed tax), imply that central government is tolerating a gradual easing in property policies at the local level. Best regards, Jun Ma Chief Economist, Greater China Head of China/Hong Kong Strategy Deutsche Bank Hong Kong 52F, International Commerce Center 1 Austin Road West, Kowloon, Hong Kong