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Why would Consumer stables rally if a recession occurs ? What exactly is consumer stables ? I thought if there is a stock plunge of 30%, wont these also plunge with the others.

Nope stay away from IB, there security is a pain, and also the clearing bank is Citibank try www.thinkorswim.com - Banks is JP Morgan Chase . - Little sub prime write off so far

China can (maybe) force a USA recession. Thats not a bad thing for China for the long run. As USA is so in debted, so why not force a clean out of the dumb money, both in the USA and China. The go again in 3 to 4 years. A shock now is better, that a massive collapse in the future.

USA is stupid to allow such a position to occur. USA beat USSR by economics when the cold war (supposed) to have ended. USSR went broke. So who owns who now ! USA for rent, landlord China.

ON Average all countries that have weak currencies, have higher interest rates. Why, imported inflation. If you dont fight inflation you cant produce, cause prices keep going up. Your factories go bust. When headline inflation is say 4% and GDP is 4% then real GDP = 0%. Normally...

You guys are cheating... Loosers : Joe Public Winners: Wall street Fed Res : Works for Wall Street Will it get worse, yes !!! From:http://bigpicture.typepad.com/ Unlike the spendthrifts here in the US, other Central Bankers around the world understand what the true definition...

The GDP was 3.9% with 0.8% inflation, growing economies have increases in interest rates, not falling rates. So maybe the GDP wasnt, real because maybe inflation is 5%, so GDP = 3.9 add back 0.8 deduct 5.0, ooops negative GDP... So china is tired of waiting for the growth story to be...

There is always something wrong with an economy when the financials have the largest capitalisation. Banks dont make anything. Asset appreciation is there bread and butter. This can be from inflation or wealth, more likely inflation. Compare the USA inflation asset boom to the Ireland...

..."Banks won't collapse as a whole, but they may grossly underperform for a long time."... True, and here is why.. 1) Not all banks have massive level 3, commercial banks ( ie non investment banks) didnt play the sub prime game as much. 2) Funds injections, takeovers. This will keep some...

Sure Merill and Goldman and Citigroup, takeover targets. YES But not this year, wait for 2008, when the cycle/debt/housing has another leg down. Then maybe be a buyer. Who in there sane mind things that this is over before Xmas. Wall street does not, just look at what the ABX index are...

Ok lets be clear. These level 3 values are based on throwing in the kitchen sink, the worst possible case. A new CEO wants it all clean when he starts. BUT THIS IS ONLY NOW when house prices are down only 7%. What if house price fall to 14%....or 25%. More level 3 increases next year.

looks like 1929, smells like 1929... Look like when the management team from ERON got fired, they got jobs as investment bankers !!! ha ha ha

http://www.rgemonitor.com/blog/roubini/224871 Page down... Monday evening update: Bernard - a contributor to the comments on this blog has provided further insights and data on the level 3 assets of some major US financial institutions. He says: Look at the info Citigroup just...

Whos kidding who ?? Inflation 0.8%, why arn't americans protesting in the streets, interviewing govt officials and asking why are they lying to the public ???

The more tradition commercial banks, not the investments banks dont hold alot of level 3. But which ones have decent brokers as clients ?

Citigroup have $134 Bn of level 3 assets. Interactive brokers banks with Citigroup, should IB customers get out or IB find another commercial bank ??

The asian crisis was a result of massive credit card debt ( an other types) , that consumers couldnt pay... South Korea went from debt of $100 per person to $26000 per person in 10 years. Like subprime, banks were giving out credit cards to anyone with a pulse.

A large portion of USA goods are from outside the USA. True, the yaun is pegged to the USA dollar and this is artificially supporting your you consumer buying power. But this wont last forever. Other commodities like OIL you are paying more for, those that hold your assets of govt debt...

For China it wont all be down hill racing. All stock markets correct or crash. Theres will also, and boy will that rock the boat. China must know that capitalism does have things called recessions. I guess socialism did as well.

The POUND was the currency while the British Empire was mighty with her navy and large common wealth. Then WW1/WW2 sent her broke. Massive debt is the underlying reason why the pound fell. USA is doing a self implosion, debt is well on the way. I am not from china, but they have the...