next crisis

Next Financial Crisis

I was reading these days several articles in the financial press. All is so quiet… dangerosuly quiet. Wall Street Journal, Financial Times, LA Times, Forbers etc they are all silent about what the banks are doing or what other financila insitutions are up to. To me, this means only trouble brewing.
Economic data for US looks slightly promissing and the real estate market is slowly growing. Not an accelerated pace (foreclosures in US declined to 650,000 in August, down from 1 million 1 year ago and 3 million 5 years ago), but still… EU is stalling, with Germany and France almost to a halt (industrial production -0.1% to LY, first time in recent history when Germany stumbles a bit). Usually US profits from these moves.
So what next?Read More »Next Financial Crisis