Not even back to WORST it was after 911 after 2 years of FED easing and goosing and record bailouts etc etc and 70% mkt rise!!
"The beauty of the Great Hoax of 2008, from the perspective of the ruling class, is that is was also a Great Scare, and such scares invariably serve as pretexts for the rulers' most audacious assaults on the peasants' lives, liberties, and purses..."
from FED WEB SITE NOV 2009
.."Of particular concern, almost $500 billion of CRE loans will mature during each of the next few years. In addition to losses caused by declining property cash flows and deteriorating conditions for construction loans, losses will also be boosted by the depreciating collateral value underlying those maturing loans. The losses will place continued pressure on banks' earnings, especially those of smaller regional and community banks that have high concentrations of CRE loans.
The current fundamental weakness in CRE markets is exacerbated by the fact that the CMBS market, which previously had financed about 30 percent of originations and completed construction projects, has remained closed since the start of the crisis. Delinquencies of mortgages backing CMBS have increased markedly in recent months. "
The STock Market As Propaganda *if you missed this read it now.
DEAD CAT BOUNCE or EVERYONE LOSES *(back space to come back to blog)
CONSUMERS ARE THE ECONOMY: briefing.com
"The preliminary reading of the University of Michigan Consumer Sentiment Index slipped from 73.6 in February to 72.5 in March. The consensus expected the index to increase to 74.0.
In a somewhat surprising move, the current economic conditions index fell from 81.8 to 80.8. This was the first downward move in the index since November. Given the growing strength in the labor market, it was expected that the index would at least maintain its previous level."
DEAD CAT BOUNCE or EVERYONE LOSES *(back space to come back to blog)
CONSUMERS ARE THE ECONOMY: briefing.com
"The preliminary reading of the University of Michigan Consumer Sentiment Index slipped from 73.6 in February to 72.5 in March. The consensus expected the index to increase to 74.0.
In a somewhat surprising move, the current economic conditions index fell from 81.8 to 80.8. This was the first downward move in the index since November. Given the growing strength in the labor market, it was expected that the index would at least maintain its previous level."
FAILED BANK LIST
GREAT HOAX OF 2008??!! @ludwig von mises"The beauty of the Great Hoax of 2008, from the perspective of the ruling class, is that is was also a Great Scare, and such scares invariably serve as pretexts for the rulers' most audacious assaults on the peasants' lives, liberties, and purses..."
from FED WEB SITE NOV 2009
.."Of particular concern, almost $500 billion of CRE loans will mature during each of the next few years. In addition to losses caused by declining property cash flows and deteriorating conditions for construction loans, losses will also be boosted by the depreciating collateral value underlying those maturing loans. The losses will place continued pressure on banks' earnings, especially those of smaller regional and community banks that have high concentrations of CRE loans.
The current fundamental weakness in CRE markets is exacerbated by the fact that the CMBS market, which previously had financed about 30 percent of originations and completed construction projects, has remained closed since the start of the crisis. Delinquencies of mortgages backing CMBS have increased markedly in recent months. "
Annecdote:
MY bank is now keeping track in a journal of branch foot traffic, because it has slowed to such an extent. If you desire a LOAN, you go into branch...that appears to have gotten WORSE so much so they have to track on daily basis.
The stock market is manipulated, the avg Joe is not benefitting, the banksters are....by not lending....what a beautiful system.
Duratek
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