US BANK CREDIT

BANK CREDIT STILL CONTRACTING

As Rosemberg said : "The numbers for the first week of the year (to January 6th) were not pretty. Total bank lending slipped $18 billion to $6.697 trillion, and has now contracted a massive $642 billion or 9% from the peak of $7.339 trillion on November 14th, 2007. The decline last week was quite broad based – real estate credit -$8 billion; consumer credit -$6 billion; and commercial/industrial loans -$4 billion. Whoever said the credit contraction was over? " Certainly not Mckinsey !!!

WIZ

What a Picture !!!

And the Stock Market consider these news GOOD NEWS !!!


WIZ

Synthetic US M·3

Four years ago the Fed ended tracking the broadest measure of the money stock, known as M3. To fill that gap, John Williams Shadow Government Statistics (www.shadowstats.com) estimates M3 from published sources as part of his mission to strip away the obfuscation prevalent in many government economic statistics.

"Not all economic downturns are triggered by liquidity crises, but all liquidity crises trigger or intensify economic downturns," he asserts.

Double dip recession close ???

WIZ

2009 ASSET CLASSES PERFORMANCE

Past results are not indicative of expected future results... says WALL STREET to cover against future rainy days...

Be careful with what may come in 2010.

WIZ

HAPPY NEW YEAR 2010

The year of the Tiger...

We wish ALL of you a Happy New YEAR

WIZ

STOCKS & BONDS CORRELATION

NOT VERY GOOD NEWS...

US BANKS LENDING: down

Difficult times ahead to get some credit...

WIZ