Last month I wrote an article about the Top Ten Creditors to the USA. Today we shall review two charts that show the top net exporters and importers of capital in 2008. Countries that Export Capital in 2008 The largest net exporter of Capital is China with 24.2% of total. This is not surprising since …
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Yesterday’s New York Times had a piece titled “Europe Lags as U.S. Economy Shows Signs of Recovery“. This article stated that while the European economy was still gloomy and will remain in recession well till 2010 primarily due to differences in policy difference between the Europeans and Americans in solving the current economic crisis. The …
Continue reading ‘Will US Stocks Lead European Stocks in a Recovery ?’ »
The collapse in the US housing sector may stabilize and bottom out this year based on some of the data presented below. Sub-prime and Alta-A mortgages have been some of the worst loans that have hit lenders in recent months. However there have been reports of even prime mortgages including jumbo mortgages going bad due …
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The latest Monetary Policy Report from the Bank of Canada states that the Canadian economy is projected to grow in 2010.The real GDP is projected to grow by 2.5% in 2010 and 4.7% in 2011.This year though the GDP will fall by 3.0%. Some of the key point from the report are: Recession in Canada …
The three big rating agencies Standard and Poors (S&P), Fitch and Moody’s have been been under fire lately for their role as one of the main enabler of the credit crisis. Many of the derivative products such as the MBS were assigned the AAA rating by these agencies when in fact the underlying mortgages for …
Continue reading ‘A Review of S&P Current Country Ratings’ »