imitating martis, page-20

nickyjames

its much worse than just the home loans in the USA. its also securitisation of credit card loans, problems in access to commercial loans, excess development in commercial and retail property, hundreds of trillions of $US in derivatives on banks books, massive counter-party risk on credit default swaps (again in trillions - part of the derivatives problem), falling asset values at a time when the consumer's house ATM is maxed out etc, massive undercaptialisation of financial institutions etc.

and these problem also exits in UK and much of Europe

and Japan looks like it could also go into a recession

and even my bullish broker has come out and said that China's exports are slowing

and China has a sharemarket that could crash, with people borrowing against their house to gamble in that casino

and China has banks and industries that need capital injections so they will have to use much of their trade surplus to prop up their institutions

etc, etc

so while I do not understand charts, i do appreciate getting martis' repeated warnings as they are in accord with what i have been reading for over a year in alternative financial/economic website.

loki