[copious.abundance]

I have a special announcement to make: The credit crunch is OVER.
I repeat: The credit crisis has passed!
You may return to the mall and shop as you please. Thank you, and have a nice day.

LINK$this->bbcode_second_pass_quote('', '[')b]Is the credit crisis over at long last?
As American banks prepare to repay their bailouts, Stephen Foley and Sean O'Grady ask whether the crunch has finally come to an end
Thursday, 4 June 2009 It is time to declare it: the credit crisis is over. The US banking system, epicentre of the chaos, is returning to health; the outlook for the global economy, once seemingly completely black, is brightened by a dawn light.

It is, of course, hardly a consensus yet, but it is the best conclusion to draw from this number: $36bn (£22bn). That is the amount that investors have poured into the weakest of the American banks in the past month, helping to fill the holes which opened up in their balance sheets and crippled their lending activities. Stronger banks such as Goldman Sachs have raised billions more, giving them greater resources to lend into the US economy and abroad.

None of this is to say that recessions on either side of the Atlantic are about to end, that job insecurity and business caution are about to be replaced by a new bullishness, or that banks will suddenly be turning on the credit taps for sub-prime mortgage applicants or consumers who are already up to their card limits. But the first phase of crisis has given way to something more normal.[...]

[3aidlillahi]

I'll wait for the next unemployment numbers to see where we are at. If we have another decrease in unemployment additions, then it may appear to be getting better. If not, things could progress quite poorly.

[JPL]

You have got to be out of your mind. On a simple linear basis the Crude price is going to hit $100/barrel by the end of this year and I would guess (crudely- sic) that from that point on there is no force on Earth that will stop it rising further.

We have passed Hubbard's Peak. That's it, basically. You cannot deny the facts. To do otherwise is madness...

JP

[kpeavey]

Only one way to get me off this doomstead, and your keyboard just don't have what it takes.

I like it here.

[JohnDenver]

$this->bbcode_second_pass_quote('JPL', 'W')e have passed Hubbard's Peak.

[mwellermd]

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('JPL', 'W')e have passed Hubbard's Peak.

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('JPL', 'W')e have passed Hubbard's Peak.

[vision-master]

$this->bbcode_second_pass_quote('', 'A')n extract from a White Star Line publicity brochure produced in 1910 for the twin ships Olympic and Titanic which states ??these two wonderful vessels are designed to be unsinkable. Some sources state that this wording was used on an advertising flyer while others point to an illustrated brochure. The White Star Line insist that the words used in the publicity brochure (shown right) only point to Titanic's being designed to be unsinkable, not that it was claimed to be unsinkable.

When the New York office of the White Star Line was informed that Titanic was in trouble, White Star Line Vice President P.A.S. Franklin announced " We place absolute confidence in the Titanic. We believe the boat is unsinkable." By the time Franklin spoke those words Titanic was at the bottom of the ocean. It would seem that the White Star Line President was also influenced by the 'myth'.

[eXpat]

$this->bbcode_second_pass_quote('OilFinder2', 'I') have a special announcement to make: The credit crunch is OVER.

I repeat: The credit crisis has passed!

You may return to the mall and shop as you please.

Thank you, and have a nice day.

>>> LINK <<<
$this->bbcode_second_pass_quote('', '[')b]Is the credit crisis over at long last?
As American banks prepare to repay their bailouts, Stephen Foley and Sean O'Grady ask whether the crunch has finally come to an end
Thursday, 4 June 2009

It is time to declare it: the credit crisis is over. The US banking system, epicentre of the chaos, is returning to health; the outlook for the global economy, once seemingly completely black, is brightened by a dawn light.

It is, of course, hardly a consensus yet, but it is the best conclusion to draw from this number: $36bn (£22bn). That is the amount that investors have poured into the weakest of the American banks in the past month, helping to fill the holes which opened up in their balance sheets and crippled their lending activities. Stronger banks such as Goldman Sachs have raised billions more, giving them greater resources to lend into the US economy and abroad.

None of this is to say that recessions on either side of the Atlantic are about to end, that job insecurity and business caution are about to be replaced by a new bullishness, or that banks will suddenly be turning on the credit taps for sub-prime mortgage applicants or consumers who are already up to their card limits. But the first phase of crisis has given way to something more normal.

[...]

[copious.abundance]

eXpat, the reason why long-term bond yields have been rising is because the economy is starting to recover, and investors have decided there are better places to put their money than Treasuries. And one reason the economy is starting to recover is because credit markets have loosened up. Read the article I posted.

In other words, what you thought was bad news actually confirms my original post.

[Quinny]

I hope you are right!

[JPL]

$this->bbcode_second_pass_quote('Quinny', 'I') hope you are right!

[Quinny]

You're slipping. Didn't you forget economics and politics?

[TheDude]

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('JPL', 'W')e have passed Hubbard's Peak.