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  • Research Zeitgeist: Bank Capitalization Concerns Heat Up [View article]
    Also of interest since the latest Z1 release of the Federal Reserve is out:

    Total debt of the US financial sector still above one US GDP while the financial sector as a whole picked up about 200 billion US$ Q on Q in new debt in Q1 2008.

    Compared with the first quarter after the credit crisis broke out (over 500 billion US$ new debt in Q3 2007) we see the credit crisis actually works: New debt availability is still on the decline and so the profits of the entire financail sector will follow suit.

    Source:

    www.federalreserve.gov...

    Since it is anybodies guess how the financial sector is going to pay back the 16 trillion of outstanding debt, let alone pay for the interest on it, we aren't out of the woods yet.
    Jun 07 13:10 pm |Rating: 0 0
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