Bulls, Bears & Bucks #15: 400 punten sneuvelt

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Op maandag 14 juli 2008 09:37 schreef pberends het volgende:
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Op maandag 14 juli 2008 10:19 schreef SjonLok het volgende:

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Heb je dat persbericht nou zelf verzonnen?

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Op maandag 14 juli 2008 08:43 schreef digitaLL het volgende:
De werkloosheid is helemaal niet zo laag als de US overheid beweert. Het zijn gemanipuleerde cijfers.

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Op maandag 14 juli 2008 09:48 schreef Xith het volgende:
"We onderzoeken de mogelijkheden voor een techbubble 2.0. Dit moet Amerika uit een recessie helpen."

Net zoals ze woningmarkt bubbel ze uit de internet bubbel kreeg... het gaat maar door

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Op maandag 14 juli 2008 11:55 schreef icecreamfarmer_NL het volgende:

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hoe doen ze dat dan?

want ik heb geen idee wat de termen betekenen die in de grafiek staan.

en 14% lijkt mij wel erg hoog

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Op maandag 14 juli 2008 12:00 schreef simmu het volgende:


dat doen ze bijvoorbeeld door niet mee te rekenen dat mensen minder moeten gaan werken. dus als iemand eerst 40 uur werkte voor 1 baas, en toen nog maar 10 voor dezelfde baas, dan telt dat gewoon voor een baan. als die persoon dan (dus) nog 3 baantjes voor dergelijke uren erbij neemt (wat in constructie geregeld voorkomt nu) telt die ene persoon dus voor 4 vacatures.

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Op maandag 14 juli 2008 11:55 schreef icecreamfarmer_NL het volgende:

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hoe doen ze dat dan?

want ik heb geen idee wat de termen betekenen die in de grafiek staan.

en 14% lijkt mij wel erg hoog

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* The Birth/Death model contributed 317,000 adds.
* That's not a typo. That's 317 thousand adds.
* According to Minyanville Professor Scott Reamer, since 1999 there has been only one other month in which the add was bigger, January 2004.
* For some perspective, in the 36 month period ending March 2002 - 36 months - the total adds from the birth/death model were 353,000. Over 36 months.
* Since the beginning of the year, the birth/death model has accounted for a net 388,000 jobs.
* Last year it added 964,000 jobs.
* The kicker is that the Bureau of Labor Statistics refuses to allow academics and commercial economists access to the models they use for the birth/death additions.

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Op maandag 14 juli 2008 10:19 schreef SjonLok het volgende:

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Heb je dat persbericht nou zelf verzonnen?

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VS Vandaag: Wall Street opent hoger na steun Freddie, Fannie

14 juli 2008, 15:23 uur | FD.nl/DJ

AMSTERDAM (FD.nl/DJ)--Wall Street zal maandag naar verwachting hoger openen, nadat de Amerikaanse overheid de hypotheekverstrekkers Fannie Mae en Freddie Mac te hulp schoot en Anheuser-Busch een akkoord bereikte met Inbev over een overname door de Belgische brouwer.

De futures van de Amerikaanse beurzen geven een half uur voor opening aan dat de Dow Jones Industrial Average (DJIA) en de Nasdaq een hogere opening tegemoet gaan.

De S&P 500 futures staan 15,60 punten hoger op 1.255,40. Afgezet tegen de fair value, zal de DJIA omgerekend 136,58 punten hoger openen.

De Nasdaq 100 futures staan 20,75 punten hoger op 1.841,25. Afgezet tegen de fair value zal de Nasdaq 23,40 punten hoger openen ten opzichte van het slot van gisteren.

Amerikaanse aandelenmarkten daalden vrijdag vanwege zorgen over de financiele gezondheid van Fannie Mae en Freddie Mac. De Amerikaanse overheid schoot de twee echter te hulp met een noodkredietfaciliteit. Het ministerie van Financien wil daarnaast toestemming vragen om aandelen van de beide ondernemingen te kopen en de kredietlijn uit te breiden.

Op dit nieuws steeg de dollar, terwijl de prijs voor een vat ruwe olie daalde.

Verder was Anheuser-Busch in het nieuws. De Belgisch-Braziliaanse bierbrouwer InBev heeft een akkoord bereikt met Anheuser-Busch over een overname van de Amerikaanse bierbrouwer. De aandeelhouders van Anheuser-Busch ontvangen $70 per aandeel, waarmee de totale waarde van de overname $52 mrd bedraagt.

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Op maandag 14 juli 2008 16:23 schreef pberends het volgende:
Zelfs die zoutloze cartoonist van Nu.nl besteedt er aandacht aan:

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HousingPANIC URGENT WARNING TO AMERICANS - GET YOUR MONEY OUT OF THE BANKS NOW


* Do NOT keep any money beyond FDIC limits in ANY bank

* Assume your bank will fail - do your own due diligence. Ask questions. Get it in writing.

* Are your mutual funds protected? Your trading accounts? Your CD's? Your money markets? Your 401k's? Know who has your money, and if it's protected

* Especially avoid banks exposed to Subprime, Alt-A and Option ARM lending

* Avoid all banks with concentrations in California, Florida, Nevada and Arizona

* Get ready for the next implosion - construction loans going bad in droves

* Tell your friends and family. Last one out's a rotten egg.

* You ain't ever seen anything like this folks. Unless your were alive in 1929.

* Get popcorn. Lots and lots of popcorn.

Many more US bank failures likely after IndyMac

NEW YORK, July 13 (Reuters) - U.S. banks may fail in far greater numbers following the collapse of the big mortgage lender IndyMac Bancorp Inc, straining a financial system seeking stability after years of lending excesses.

More than 300 banks could fail in the next three years, said RBC Capital Markets analyst Gerard Cassidy, who had in February estimated no more than 150.

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Op maandag 14 juli 2008 21:20 schreef Drugshond het volgende:

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Panic is all we need.

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IndyMac depositors line up for cash after seizure

Mon Jul 14, 2008 3:17pm EDT

powered by SphereBy Gina Keating

PASADENA, California (Reuters) - Hundreds of worried IndyMac Bancorp Inc customers descended on the company's branches on Monday to withdraw their money, after regulators seized what was once one of the largest mortgage lenders in the United States.

Regulators took over the Pasadena-based lender on Friday after a bank run in which customers -- panicked over IndyMac's survival prospects -- withdrew $1.3 billion over 11 business days, regulators said.

At a branch at IndyMac's headquarters, customers began arriving at 4 a.m., five hours before the doors opened. The Federal Deposit Insurance Corp now operates the thrift's 33 Southern California branches.

"I didn't think anything like this would happen," said retired teacher Charles Tengeri from Pasadena, who was first to emerge from the branch after withdrawing $171,000 -- about two-thirds of his life savings. "I withdrew as much as I could. I know it's going to take a little time."

The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

"I have $360,000 in this bank, and I was misled by this bank," said Robert Clark, a Glendale resident. "I gave the names of my mother, my sister and my brother on the account so I thought I would be insured. I don't know what to do. I really don't know what to do."

John Bovenzi, an FDIC official working as IndyMac Federal's chief executive, talked with customers as they waited for the doors to open, assuring one that "this bank is as safe and as sound as any bank in the country right now."

The FDIC is hoping to sell IndyMac within 90 days. Among IndyMac's assets are a rapidly deteriorating mortgage loan book, the 33 branches, and the Financial Freedom unit that makes "reverse" mortgages for older Americans.

SALE PROSPECTS

"I'd like to see if we can sell the institution as a whole to one healthy bank," Bovenzi said in an interview. "Companies like Financial Freedom have a great deal of value, so there will be a market for those assets."

The FDIC did not ask Michael Perry, who had been IndyMac's chief executive, to have a role in operations following the takeover, Bovenzi added.

IndyMac is the fifth U.S. banking company to fail this year, and the largest since the 1980s savings-and-loan crisis.

It ended March with about $19 billion of deposits, of which roughly $18 billion were insured, and $32 billion of assets, regulators said.

Jitesh Patel, a doctor from Burbank, said he took a day off from work to withdraw his money from IndyMac.

"We have money we are afraid we are going to lose," he said. "I wish we were a little more savvy."

Bovenzi said he expects more banks to fail in the current credit downturn. "I don't expect there will be large bank failures," he said. "There will be small bank failures."

Gerard Cassidy, an analyst at RBC Capital Markets, on Sunday said 300 U.S. banks might fail over the next three years because of credit losses and tight capital markets.

Regulators expect the IndyMac takeover to cost the FDIC $4 billion to $8 billion. The agency's insurance fund has about $52.8 billion.

Tengeri, the retired teacher, said he was originally attracted to IndyMac because of the high interest rates it offered on deposits.

Asked if the thrift's collapse would disturb his retirement, the 70-year-old said: "Very much."

(Writing by Jonathan Stempel; Editing by Maureen Bavdek)