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Your Next Project Starts with Brownstoner
Excellent analysis, Slopey!
“if all hell breaks lose here, we can go to Montreal”
Canada? Are you kidding me? Hell already broke loose in Canada and have you seen what escaped?
“In his view, every new bar, restaurant, boutique, etc. is the equivalent of a new Israeli settlement in the west bank”
Awesome!!
You got it, m4l.
DCB, will you be providing market updates when it goes up, or only when it goes down?
Wasder — He has to discredit you because you represent a position that cannot exist consistent with his worldview. That the newer folks in a neighborhood like Clinton Hill can appreciate it for its history, community and continuity and enjoy ways that it has evolved. In his view, every new bar, restaurant, boutique, etc. is the equivalent of a new Israeli settlement in the west bank, and anyone who can’t claim neighborhood roots to, say, the mid-80s or earlier is an occupying force. That’s the war, and to the extent you don’t play your part, you must be discredited. He will keep picking fights with you in order to do so. He is not interested in your opinion — he is just looking for you to say things that he thinks he can trash.
“US Banks have very little exposure to greece and Europe as a whole…..”
WHAT???????????????!!!!!!!!!!!!!!!!!
IT’S ALL F***********ED!!!!!!!!!!!
DON’T YOU UNDERSTAND????????
IT’S ALL GONE!!!!!!!!!!!
The What
Someday this war is gonna end..
hoping to see mkt down 300pts today
I don’t think that has much to do with it, lechacal. I think it’s just flight out of risky assets. Last half hour will be the true read as someone said above. Morgan Stanley actually seeing selective buying the past 30 minutes…staples and energy.
US Banks have very little exposure to greece and Europe as a whole…..
US banks have low direct
exposure to European assets. As of 4Q09, US bank
foreign claims on local EU residents totaled $488 billion,
or roughly 4.1% of total FDIC bank assets. Claims on
UK comprise the vast majority (3.0% of assets), while
claims on other European countries represent just 1.1%
of assets. Within our coverage BK, STT, JPM, and
NTRS are the most exposed with EU representing more
than 15%, 7.3%, 6.9% and 6.7% respectively. The
majority of this exposure at BK, and others in this report,
is in maturities under 1 year – we estimate 76% of EU
exposure in these short-term maturities, including
placements at central banks. This is important, as there
is significantly less price risk in shorter-term exposures.
The risk of the current pressure on certain EU bond
markets is the indirect effects of higher cost of funds for
banks, reduced EU economic activity, and unanticipated
higher market volatility. However, we don’t believe there
is sufficient pressure from the EU to derail an improving
US economy and significantly lower future credit losses.
“DIBS, is that why the market just started convulsing?”
Stone Cold Steve Austin: Can I get a a Hell Yeah????!!!!
Ladies and Gentleman it’s sooooooooo over…
The What
Someday this war is gonna end..