Bank failures in massive scale evident – who to blame? Federal Reserve or the Office of the Comptroller of the Currency
Sam Adelton
Mar. 15, 2007

The Fed is now very careful. They are coming out with guidance for banks. Like in 1929, it is too late too little. The debate now in Wall Street is on the fact that Federal Reserve and the Office of the Comptroller of the Currency took little action in public to police the $2.8-trillion boom in the U.S. mortgage market -- whose bust now risks worsening the housing recession.

The biggest impact is on the financial services sector as a financial meltdown is becoming a real possibility.

In India Daily I have been warning it for the last two years. Now the worst is happening. People are starting to walk away from their properties, as they cannot pay the mortgage. The bubble was allowed to happen. The catastrophe is now becoming real after the bubble burst.

Bank failures in massive scale evident – who to blame? Federal Reserve or the Office of the Comptroller of the Currency
Sam Adelton
The Fed is now very careful. They are coming out with guidance for banks. Like in 1929, it is too late too little.
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What will happen to dollar when the mortgage lending related financial meltdown takes place?
Peter Oberois
The dollar index that stands at 84 currently is projected to test 160 in the next seven to ten years.
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The era of deflation, bank failures, real estate collapse, higher taxes and financial meltdown – are you ready?
Karen Zuba
A new era has started. It is the era of deflation, bank failures, real estate collapse, higher taxes and financial meltdown.
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Gold and oil ready to diverge in price trends – what does that mean for stock market and economy?
Marla Guthrie
The gold prices are trending higher while oil is trading almost 25% below its all time high. The trend in gold price is up but for oil it is down.
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The divergence in index futures a major concern – possible market top
Sam Adelton
The index futures are showing signs of problem. The divergence between Nasdaq 100 and S&P 500 futures is biggest ever.
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The prolonged inverted yield curve – how it is creating the risk for equities
Peter Oberois
The yield curve is inverted for a long time. The inversion is actually very interesting. The lowest yield is hovering around 4.48% for the five-year note.
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Bear markets are proportional to the size of the bubble that did burst – world has not seen so many bubbles at the same time – what happens to stock market?
Peter Oberois
The number of bubbles and their intensity that happened between 1997 and 2007 are of unprecedented levels. The effects of so many bubble bursts can be catastrophic and the world economies can get depressed.
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