STOCKS & BONDS CORRELATION

NOT VERY GOOD NEWS...

US BANKS LENDING: down

Difficult times ahead to get some credit...

WIZ

US BANKS : Dark picture

The Banking system in US is failing the TEST : 2.256 F´s !!!

As John Mauldin says : "IRA takes the data from the FDIC and crunches it with their own set of risk parameters. While the FDIC has a little over 400 banks on its current "watch" list, IRA gives 2,256 banks an "F." They project that over 1,000 banks will either fold or be taken over during the current cycle. To date in 2009, a total of 92 banks have failed across the country, compared with 25 for all of 2008, according to the FDIC. 900 more to go. Ouch."

WIZ

MONEY MARKETS : FEAR

Anybody gessing WHY money markets ( 3 month Treasuries ) are so scared ??? IF and a BIG IF everything is so dandy and rosy in the Equity Markets ???

We for sure, agree with them

US:UNPRECEDENTED CONTRACTION IN BANK CREDIT

We have never seen that in Modern times !!!

WIZ

GOLD

Today's close is the HIGHEST WEEKLY CLOSE ever for GOLD !!!

WIZ

US: Consumer credit

Consumer credit includes credit cards and personal loans. Consumers are sensitive to the economic cycle and slow down their borrowing when recessions occur. Thus, data on borrowing can be a useful indicator for the strength of the economy. The data shows consumers are decreasing the amount of their outstanding credit at a faster rate than has ever occurred since World War II. That suggests that the economy has not pulled out of its difficulties.

WIZ