Interest Rates Will Rise in `Golden Age' of Growth, BIS Says.

[Tet]

Re: BIS 77th Annual Report

so what's the deal? are there two banks of international settlement?

An interesting question, I'm starting to wonder if maybe the banksters aren't playing well together anymore.

[zoog]

Re: BIS 77th Annual Report

I'm starting to wonder if maybe the banksters aren't playing well together anymore.

Hm. What would be the future implications?

[Tet]

Re: BIS 77th Annual Report

Hm. What would be the future implications?

I would think they'd be directionless, if one wanted rates to fall and the other wanted rates to rise they would both kind of cancel each other out. Some type of Banker limbo, things would level off right here, each acting to cancel the other out.

[Sapiens]

Banks 'set to call in a swathe of loans'

Banks 'set to call in a swathe of loans'
http://www.telegraph.co.uk/money/mai...nusecon126.xml

Banks 'set to call in a swathe of loans'
By Ambrose Evans-Pritchard
Last Updated: 7:25am BST 26/06/2007



The United States faces a severe credit crunch as mounting losses on risky forms of debt catch up with the banks and force them to curb lending and call in existing loans, according to a report by Lombard Street Research.

The group said the fast-moving crisis at two Bear Stearns hedge funds had exposed the underlying rot in the US sub-prime mortgage market, and the vast nexus of collateralised debt obligations known as CDOs.

"Excess liquidity in the global system will be slashed," it said. "Banks' capital is about to be decimated, which will require calling in a swathe of loans. This is going to aggravate the US hard landing."

Charles Dumas, the group's global strategist, said the failed auction of assets seized from one of the Bear Stearns funds by Merrill Lynch had revealed the dark secret of the CDO debt market. The sale had to be called off after buyers took just $200m of the $850m mix.

[Jim Nickerson]

Re: Banks 'set to call in a swathe of loans'

Banks 'set to call in a swathe of loans'
http://www.telegraph.co.uk/money/mai...nusecon126.xml

This is an interesting article, and the only one I have seen that discusses anything about the outcome of ML's attempt to auction the assets it seized from Bear Stearns. It looks to me if this should not be headline news on all the US financial sites.

I have gotten so tired of looking for something that would crash the market, or actually just cause a reasonable correction that I have rather much stopped thinking some event will happen.

Could this be the event? I doubt it.