European Central Bank running for cover – ready to pump cash into money markets to avoid tatal financial meltdown – can Federal Reserve stop the financial avalaunch?
Fred Day
Nov. 24, 2007

The stock markets all around the world now face the possibility of a nasty crash. The European Central Bank is to pump funds into the money markets amid renewed fears that liquidity in the credit markets is again starting to dry up.

The subprime fiasco is just the tip of the iceberg. The fiscal mismanagement of Federal Reserve, the US Treasury and the European Uniion is exlicit now. The weaker dollar can cause a massive problem in this environment.

The liquidity is just not there. Traders, hedge fund managers and the private equity fund managers are paniced like never before. All currencies are becoming just worthless.

The new promise of intervention came as three-month US interbank rates rose for the eighth day in a row to 5.04 per cent, more than half a point higher than the US Fed Funds target rate of 4.5 per cent.

European Central Bank running for cover – ready to pump cash into money markets to avoid tatal financial meltdown – can Federal Reserve stop the financial avalaunch?
Fred Day
The subprime fiasco is just the tip of the iceberg. The fiscal mismanagement of Federal Reserve, the US Treasury and the European Uniion is exlicit now. The weaker dollar can cause a massive problem in this environment.
READ MORE>>

For the first time since the Second World War international investors are shying away from investing in US multinationals
Karen Zuba
It is total fiscal mismanagement that has caused the financial meltdown. The whole thing has made international investors wary on the capability of Americans in fiscal management in general.
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Leading indicators and lower housing starts manifest economic weakness and a recession in the making
Sam Adelton
The recession is here. Do not expect a negative GDP growth because the way it is calculated, it cannot go below zero so easily. If it does, it is no longer a recession – it is a depression.
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2 billions dollars withdrawn from Brazil, India, China, Russia (BRIC) – 300 billion more to go in the next six months
Fred Day
According to analysts, the collapse in carry trade, recession in US and Europe, Japanese deflation and total financial meltdown in financial system will force large investors to pull more than $300 billion from the emerging markets in the next six months.
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As world economies get depressed, alternative fuels can drive price of crude oil below $20 a barrel – the top is here
Joe Weinman
The tar sand from Canada has started producing oil priced at $95 a barrel. The alternative fuels from sugar based ethanol will dominate the world markets in the next several years till Hydrogen as an alternative fuel finally kills the crude oil market.
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Gloom dominates world stock markets – markets can lose another 15% before the year end and another 30% next year
Sam Adelton
The markets are in chill right now. In the next several weeks as more international financial insitutions announce their writedowns and plummeting reserves, the marjkets can go rapidly down mimicking a mini crash 1987 style.
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Home Resales Pending data will point to continuing slide in home values – a massive component of the financial meltdown as mortgage restrictions go into effect
Peter Oberois
The real estate market is suffering its worst nightmare. The sales are down. The prices have finally started eroding at a very rapid pace. The market is facing negative sentiment and mortgage restriction rules.
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