The number of home foreclosures in the US in July rose by 7% compared with June, according to Realtytrac. One in every 355 US homes has now filed for foreclosure as financial hardship hits many owners.
No, not more cash for investment banks, it’s cars they’re talking about I think. The just approved extension is for $2 billion so if the guy running the printing press could just shovel in a bit more coal (green coal … Continue reading
If Goldman Sachs raise their GDP estimate, then you can rest assured that they have very large market positions which will benefit from this call. Remember that almost 50% of their profits are paid out to employees. Similarly when Deutsche … Continue reading
While bankruptcy over the next few days is possible, CIT is said to be in talks with Goldman and JP Morgan to secure between $2-3 bln in short-term financing. This supports the risk-trade in the near-term. EUR/JPY trades now at … Continue reading
The bumper profits and ensuing bonuses that Goldman Sachs announced this week have turned the spotlight back on Wall Street practices, which are invariably good for Wall Street but may not be so good for the US economy and the … Continue reading