Emerging Europe: The Next Subprime?
Western European banks’ massive holdings of potentially junk emerging (mainly eastern) European debt threaten to sink Europe’s big banks and trigger another, even more dangerous, wave of the credit crisis.
According to Lars Christensen of Danske Bank, “There is no doubt that markets have decided that emerging Europe is the subprime of [...]

As the month wears on, it becomes more and more obvious that the economy is headed into a severe and protracted recession that the government is ill-equipped to fix.
In fact, the government’s recent intervention in the markets has proved disastrous for U.S. equities.
This is good news for our positions.

We timed our entry [...]

On schedule, the commercial property market implodes… Credit loosens up… The Dow Jones acts fishy  
** San Diego County takes a hit.
A UCLA Anderson Forecast has revealed that San Diego County’s slumping office market could be in for a longer downturn than previously expected.
The report puts a recovery as far off [...]

** This alert contains details of a great way to profit from more trouble in the housing market. But you need to act fast to take advantage of it.
A recent government report shows that new home sales dropped 14.7% in December. The brutal month-over-month drop caps one of the worst years [...]

Bush’s rosy outlook… Bank Armageddon… The “fatal bullet” theory… The incurable economic “runny nose”…
** The Bush administration has released its last Economic Report of the President . Unsurprisingly, it is more optimistic about America’s economic future than other forecasts.
This from Chapter 1:
The Administration’s forecast calls for real GDP to continue to fall in the [...]