Turmoil on Wall Street and in the financial markets
Kategorie: Dollar Forex, 26.Mai 2009
Can the money supply of central banks keep the flow of money going? Falling interest rates? What are the side effects of these financial problems?
In the United States are the side effects of the credit crisis and
financial crisisbecome already clear. Unemployment is on the rise and
real wages are falling because of inflation. Savings are hardly
available.
The failure rates for consumer loans and car loans
in the U.S. are rising. This will sooner or later affect the private
consumption.
And even though the Fed cut interest rates today, that would mean for the American home buyers low interest rates.
However, this effect of lower interest rates will be neutralized by higher unemployment and a prolonged recession.
Is the worst over?
The
central banks are currently pumping billions into the financial system
and the banks have founded a 70 billion emergency fund.
But if
you consider that the largest insurer in the world is looking for 75
billion U.S. dollars fresh money, then you can roughly estimate that
these 70 Billion fund of the banks isonly a drop in the ocean. Because
one must wonder what comes next to the surface?
How big is the
failure for consumer loans and credit cards? This matter was until now
nowhere mentioned. But the losses are programmed to be billions again.
Unsafe financial system = golden times for gold