Early signs of depression and stock market collapse - a surge in mortgage delinquencies in the past few months
Peter Oberois
Dec. 5, 2006

A surge in mortgage delinquencies in the past few months is scary. The mortgage bankers are quiet about it to make sure panic does not strike. But this is exactly what happened in 1929. Interest only loans were all on a sudden common norms during 1926 to 1929. Like hedge funds today, the stock market was not regulated. The banking system like today depended more on its own whims than fundamental values.

The surge in mortgage delinquencies the subprime-mortgage segment show how bad mortgage banking became during the last three years,

As the economy tanks, the stock market will collapse with it.

Early signs of depression and stock market collapse - a surge in mortgage delinquencies in the past few months
Peter Oberois
But this is exactly what happened in 1929. Interest only loans were all on a sudden common norms during 1926 to 1929. Like hedge funds today, the stock market was not regulated.
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Fitch Ratings raised Russian natural gas company Gazprom's financial outlook
Media Release
Fitch Ratings raised Russian natural gas company Gazprom's financial outlook from stable to positive and raised its currency issuer default ratings to BBB
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Lavish gifts of Wall Street – another indication stock market long-term top
Peter Oberois
Stock market bubbles always accompanies execesses never seen before. The gifts of Wall Street has sparked naxiety even in the minds of SEC. SEC slapped $9.7m in penalties on Jefferies & Co, the New York securities firm for the same.
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Massive M&A in banking sector often precedes economic collapse and banking trouble - Bank of New York Mellon Financial $16bn deal raises risk
Sam Adelton
A correlation between currencies – the dollar cycle lows and such massive M&A activities shows increasing probability thaqt dollar will rise and the banking sector as well as the stock market will suffer severely.
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Weaker dollar prompts European Central Bank to pause
Arthur Jones
If American economy goes on recession, ECB will be first to cut rates before Fed. Fed is much more hawkish that ECB.
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The weak dollar ready to rock Dow
Peter Oberois
Wall Street till today overlooked the collapse of dollar in the last one month. But things may be changing now. The low dollar may be putting some pressure on the stock market. Any further weakness in dollar can create big slide in the Dow...
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Chinese Web-search firm Baidu plans to challenge Google and Yahoo in Japan
Kirsten Hua
Baidu plans to enter the Japanese market, raising the stakes in its competition with Google and Yahoo. Some of the Indian Website operators are joining hands with Chinese counterparts to compete with Google and Yahoo.
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Stocks in Europe showing signs weakness long term but the short term rally can be a shorting opportunity
John Sheldon
The Euro zone economies are in trouble as dollar came close to historic lows. In seven weeks Euro has gained five percent or more. That is sending a chilling effect in the euro zone and UK.
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