Here's a short video that seems to me to be a good first post to my blog.
http://www.youtube.com/watch?v=jpEnFwiqdx8
Where will all the money come from?
Where will all the money for stimulus packages come from. In Italy, bond issuance could rise to €220bn next year, with €100bn in redemptions in the first 6 months. In Germany, a bond auction failed in November, something virtually unheard of until this year, while in the US some analysts say yields could start to rise because of about $1,000bn in bonds in the pipeline next year.
http://www.ft.com/cms/s/0/eb690be2-bf0f-11dd-ae63-0000779fd18c.html
Did I mention that China will be spending their own money for stimulus and not be able to buy Treasuies as they used to. If you think petro dollars, please be informed that Dubai had to turn to Abu Dhabi for an intial funding bail out with more to come.
Did someone think that $306bn would be enough?
Have we seen the end of money being poured into Citi, I don't think so. In addition to USD314bn in bad mortgage loans Citi also has about $790 billion in credit card receivables, non-U.S. consumer loans, corporate loans, derivatives and other assets. Some $91 billion in credit card receivables could be particularly vulnerable.
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20081130/REG/811249957/1003/INSURANCERISKMANAGEMENT
Stay tuned for the next episode of: "How the US government steals from tax payers".Effective government stimulus?
Here's an interesting article on just how well the government's strategy works to boost lending by injecting billions of funds into the banks.
Credit Card Industry may cut $2 Trillion of lines
http://www.nytimes.com/reuters/business/business-us-finance-research-oppenheimer.html?_r=3
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