Tue Jul 15, 2008 16:01 GMT |
Although market developments are moving quickly, I am going reiterate that the Watchdogs fundamental outlook for the second half of 2008 is playing out. The core scenario envisaged the collapse of a major US financial institution in H208. If you count Fannie Mae and Freddie Mac in that category (or, for that matter, IndyMac, which… [Read more]
Tags: banking sector, Bear Stearns, credit contraction, deflation, disinflation, dollar, dollar weakness, Dow Jones, euro, euroland, European banking stocks, failed bank, Fannie Mae, Fed funds, Federal Reserve, Freddie Mac, gold, IndyMac, National City, oil, S&P Financials, US financial institutions, US regional banking equities, US regional banks, US stocks, Washington Mutual, Western banking sector, ZEW
Posted in: Equities, Financials, General
Mon Jul 14, 2008 14:23 GMT |
Using the word ‘unprecedented’ too often risks diluting its significance. But with the US government’s rescue of government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, we are once again in unprecedented territory, following on from the Federal Reserve’s aggressive intra-meeting rate cuts, the opening of new Fed lending facilities, and the last-ditch rescue of… [Read more]
Tags: Bear Stearns, credit crunch, Fannie Mae, Fed, Federal Reserve, financial stocks, Freddie Mac, GSEs, Lehman Brothers, US Treasury
Posted in: Equities, Financials, General