The next leg of global financial meltdown about to start – London, NY, Madrid, Paris real estate prices ready to fall
Peter Oberois
Aug. 25, 2007

The Federal Reserve and many other central banks have taken appropriate measures to halt the global financial meltdown that started a month back. However, the calm in the financial markets can be very temporary as the trouble of the financial meltdown is spreading very fast into real estate markets in London, NY, Madrid, Paris, and other markets.

Prices for class A real estate in the most expensive streets of the capitals have risen about 50 per cent in the past two years as a financial services boom has enriched bankers and other professionals in the City of London. The boom was based on artificial credit that is about to implode. It will take the hot air out of the real estate bubbles all around the world.

The next leg of financial meltdown is here. The markets will start moving downwards. A crash in the stock market and in real estate is now a good possibility.

The next leg of global financial meltdown about to start – London, NY, Madrid, Paris real estate prices ready to fall
Peter Oberois
The Federal Reserve and many other central banks have taken appropriate measures to halt the global financial meltdown that started a month back. However, the calm in the financial markets can be very temporary...
READ MORE>>

Manufacturing and service industries in Europe show signs of recession – a global slowdown forced by credit problems and financial meltdown
Fred Day
Growth in Europe's manufacturing and service industries slowed in August as the pace of orders cooled, indicating turmoil in world credit markets may be starting to weigh on the economy.
READ MORE>>

Bank of America planning to buy Countrywide – the start of second leg of the financial meltdown
Peter Oberois
The banking and mortgage crisis is deepening very fast. Bank of America’s (BoA) decision to contribute $2 Billion is significant. They plan to buy out the countrywide mortgage.
READ MORE>>

How close is the US economy to a major recession?
Sam Adelton
Recession will not happen till these low paying jobs disappear. That may take some time but when it comes, it will not be a recession – it will be a deflation driven depression in the economy.
READ MORE>>

Tip of the iceberg in corporate mismanagement - corrupt Dell top executives sought accounting adjustments to reach quarterly performance goals
Peter Khanna
This is what went on in corporate America in the name of guidance and quarterly performance improvement. Dell is just the start of the scandal. Almost all companies will start restating earnings.
READ MORE>>

The credit market defies Fed action – Federal Reserve in deep trouble for the first time – a typical stagflation sliding into deflation
Peter Oberois
The Federal Reserve’s half a point reduction in discount rate is received by the credit market poorly. The liquidity crunch will not go away and the long term rates shot up for the fear of inflation. Gold jumped and then started sliding.
READ MORE>>

Federal Reserve finally realizes the problem – the discount rate cut is just a temporary relief
Sam Adelton
The futures market literally collapsed due to lack of liquidity. The Panicked Fed cut discount rate by 05% but that will halt the route for a few days or perhaps a week before the meltdown starts again.
READ MORE>>

MORE ARTICLES >>