After Bear Strens its turn for Wachovia and Washington Mutual for federal bail out
Deolinda Francisco
Jun. 3, 2008

The outlooks on the large financial institutions sector in the US are now predominantly negative. Wachovia and Wamu leads the pack. data showed that US manufacturing contracted for a fourth successive month and house prices declined steeply.

These banks are in deep trouble. The troubled subprime is spilling over into prime mortgage.

The credit card debt is imploding as people skip payments. The line of cvredits are fralling apart in the business side.

The situation is grim especially with thin ice below the bank’s feet with massive loses in the subprime sector. US manufacturing contracted for a fourth successive month and house prices declined steeply.<

After Bear Strens its turn for Wachovia and Washington Mutual for federal bail out
Deolinda Francisco
The situation is grim especially with thin ice below the bank’s feet with massive loses in the subprime sector.
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Protests on fuel price hikes spreads from Europe to Asia – riots imminent in many countries
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First sign of life in US Home sales – depressed prices triggering buying stampede
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Sharply worsening housing recession and rising energy costs ready to rattle the equity market but here is the silver lining
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When you put all together, you start seeing the picture clearly. The markets have started their upward journey although most of the actions are stealthy.
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