One month ago, and well before the latest market swings and turmoil, bank of America joined the chorus of “late cycle” warnings, writing that its proprietary “Global Wave” indicator just peaked for only the tenth time in 25 years, noting that in the last month, five of the seven components deteriorated including confidence, market, and real economy indicators. weiter hier
Die “Bank of America” hat eine ausführliche Studie über die Lage der Hypo Alpe Adria (HAA) un die Auswirkungen auf die Finanzmärkte erstellt. Ganz interessante Lektüre: “The emerging crisis re: how to resolve Austria’s Hypo Alpe Adria (HAA) looks like it’s already one destined for the textbooks.
It has been rumbling around in our ‘bank peripheral vision’ for years as a problem child but now seems to be coming to a head because of what appears to be increased political pressure for a solution that potentially involves the imposition of senior bondholder losses in the mix. As such, we need to look at it to see what read-across, if any, there is to other European banks, Weiterlesen