Visa IPO may be the first casualty of US rescission in 2008 – another signature of long term trouble
Bernie Snyder
Nov. 10, 2007

The first sign of real trouble in the economy comes from casualties in IPOs in the market. Initial Public Offering results manifest the true nature of the markets. Long term bear markets and economic collapse are always preceded by bullish expectations of the corporation after a massive bull run.

This time it is no exception. San Francisco credit card giant VISA plans to sell shares in a deal that could be valued at $10 billion. It will be the biggest public offering by a U.S. company, behind AT&T Wireless Group's $10.62 billion IPO in 2000. It is ironic that such massive IPOs come right at the massive long term market tops.

Visa is expected to use the IPO to help it form alliances and become less dependent on its bank owners. But there are signs the IPO can already be in trouble as the stock market around the world starts collapsing.

Visa IPO may be the first casualty of US rescission in 2008 – another signature of long term trouble
Bernie Snyder
Long term bear markets and economic collapse are always preceded by bullish expectations of the corporation after a massive bull run.
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With dollar it its low Europe starts singing recession - Barclays, ING, SAP, BMW lead European stocks to biggest weekly decline since July
Paula Zuba
The low dollar and declining exports to US is having major impact on the European economy. The Euro zone has started singing the tune of recession.
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Dow Jones Industrail Average headed for 11,000 by end of 2007 – what the impact on the job market and economy?
Peter Oberois
UBS is capping 2007 cash pay for bankers and traders at $750,000, with a bigger portion of total compensation coming from stock. It is the first visible sign of weakness in the high flying financial job markets.
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As mortgage meltdown moves from subprime sector to prime, Bernanke sets out jumbo mortgage plan – can it help in stopping the slow but steady financial meltdown?
Alan Hershey
Mr Bernanke told Congress he would support raising the limit on the size of the individual loans eligible for government-sponsored mortgage finance from $417,000 to $1m on a temporary basis.
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Weak dollar boosts US exports –will it be enough to avoid a depression?
Marla Guthrie
The biggest question of the day is just one. Will the increase in exports be enough to offset the effects of mortgage meltdown, exploding oil price and stagnating wages?
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Tech stock’s decline of 7% in the past three days -- led by Google and Apple may signal US economy headed for a deep recession – what the impact on world economy?
Sam Adelton
The mortgage meltdown, real estate bubble busrts, $100 oil price and slide of US Dollar has created for the first time a scenario of total financial meltdown and evetual world depression.
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ETrade and Wachovia may have write off half of their mortgage backed securities – the mortgage meltdown continues
Fred Day
. While the real biggies may take time to capitulate, Wachovia and Etrade are in real troubles in spite of casual behavior from these financial institutions.
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