Subprime mortgage crisis - End, and when?

According to the Federal Reserv chairman, Ben Bernanke, any early
deeming theory would be vain in connection with how acts the crisis
on investors' and customer's sentiment.

Bernanke added that the interest cut might continue, in turn, the
pecuniary fog hasn't been dissolved, and the stabilization of the market
is still waiting for itself. But he hinted that it may not get that much
worse and that investors and lenders may have learned from their
mistakes.

Bernanke also brushed off concerns about a weak dollar prompting
inflation. When David Malpass, chief economist at Bear Stearns,
asked Bernanke if he thought the value of the dollar impacts inflation,
Bernanke said he did not think a fixed exchange rate would be good
for the economy.

At last, here is an interest additional matter, mortgage originations will
fall next year to the lowest levels since 2000, forcing job losses for at
least 30,000 more home finance professionals, according to a forecast
released on Wednesday by the Mortgage Bankers.

Let me draw the conclusion: crisis doesn't end yet.

Another Bite to dust

However, the World's eye has been sticking to bourses,"we need some action out there" (felicity words by James Hetfield, Metallica), and have to take another view in out life, take for instance the scientific life. So far as i am concerned it would be better way than the contemplate of the juncture, with bothering, distressing and so on.
Do not forget Keynes' words: "everything will be ok in the longrun, first or last, but the problem is, we will die in the long run" - not too optimism, but if we take first section of his advice, we ought to turn to the academic life, and its newest achievments.

Human made by dust, ending by dust.

It would be the best title of this "column". Im just about to make up my mind about the achievement of the Max Planck Institute for Extraterrestrial Physics. Their newest research was published, in connection with dust, ionized plasma, DNA,and - beware, the following strings are gripping - life!

Noble, huh?
According to their statement, they had been mading a new simulation, and then, they were surprised. It showed, that the dust filled with electricity is able to sort and morph its structurein the - classical - DNA formation (double spiral). In so far in this form it is able to hold some information, and as we know, this is a characteristic of life. The key is in the variation of long and short period of spirals. The fact that: if we place motes into an ionized plasma, the mote will absorb plasma's electrons, absorb pozitive ions and evolve a shell around itself.

This evolved system can easily make a plasmacrystal, or DNA'sspiral structure, which is keeping information. This structures able to assign their genetic code to each other.
Countless people are doing exert theirselves to find out some evidence, which are proof that the life is an self-directing system.In a way, and explanation, a hurricane can be treated as like an living-organism.

I always know: there is more than meets the eye, and i am beset by many of pace of rascal dust, which eats, makes a crap, thinks,and searches and prepares to the endless battle, i am hopeful, but i will brace myself up, for the present i have to watch the trends of world market, and when the investors will have been peaceful, i consider this dust-mote and stuff.
[ For Those Who Never Calms: http://www.mpe.mpg.de/pke/index_e.html ]

This is not 1929

this is not 1929, yet.

During yesterday, all of notable banks made interveniation ibn order to pump money into the banksystem to maintain the proper liquidation (ECB, FED, JCB and so on..)

These news are bringing two different information: on the one hand, it suggests to the investors that the jitters in USA suprime mortgage market might spillover another countries, sectors,
and this situation claims fire service, which is can be treated as central bank's interveniation.
On the second hand, there is an positive view of this, in the case of ECB, in spite of targeting and following the inflation it could bolster the liquidation to ward off the spillovering juncture risks.

American FED had made interveniation similarly. There is a gripping moment, Ben Bernanke
said: the reason why 1929 happened was chiefly the contribution of the central bank to the
credit-bubble, the then cutting of the prime rate was a big mistake, cause it conducived to the easing liquidation.

The interveniation means that central banks were pumping lots of money into the system,
at this time approximately 94,8 billion euro were pumped by ECB. The carry traders were
just about to close their positions, it was caused by the distrustful situation. This is a self-impulsive process, because these closures could trigger some another closing sentiment.

In my firm belief this developing crisis will not be able to deteriorate the global financial climate. I represent it because i think perils of the developed market instruments are divided in wide range among the investors( CDO, CDS ), and through the multiple and very intricate relationships the negative effects can spread easily, that is to say risks predominantly are shifted to another sector by the banking sector, therefor i believe the banking sector is not endangered by any serious crisis.

Paypal in the e-air

Take a little view on the Paypal system which is called elegant financial intermediary between customers and buyers.

"lets have a party" said the parrot and leapt into the vent, if you want a party - take it imaginariously - take for instance want to buy a new spiffy pink samsung mobile on the e-bay for your red-hair little urchin girlfriend, you can use paypal system, and the reason why i offer it to you that its security, and safety of its money-transfer system. nice party, you ought not to pick up your phone, go to the shop and buzzin' with your car for a long time 'til you'll get it.

Paypal is available in more than 103 countries, it provides numerous payments method for your convenience.
- direct debit
- discoverer
- MasterCard
- AmEx
- Visa

On the back of, paypal is a prevailent opportunity on the E-bay, it is used by many people.

I'm lovin' it

I have been reading with a tough relish the book from John Perkins, Confessions of an Economic Hit Man. I find it very intresting, Perkins'
stories are amazing, he tried to show relentlessly the imagines of the
United States about the global empire.

He was in the tight vicious circle, he tried to obtain knowledge,
why he had to do this, and with what goals. Perkins has the clearly-
demonstrate ability, to illustrate the actions of the biggest multinational
enterprises about how will deploy their capability to reach objectives,
and broaden their sparking star in the global dimension.

Money money money, expansion by bid rigging, hazardous offering,
catchy promising, with fictitous explanations, overestimate figures,
and some complex oconometry... Panama, Saud Arabia, Ecuador and so on.
Good book, "i'm lovin' it"

The London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years. Starting life in the coffee houses of 17th century London, the Exchange quickly grew to become the City’s most important financial institution. Over the centuries following, the Exchange has consistently led the way in developing a strong, well-regulated stock market and today lies at the heart of the global financial community. We are proud of our long history that has helped to build our reputation today. Here are some of the milestones in the story of the London Stock Exchange.

1698
John Castaing begins to issue “at this Office in Jonathan’s Coffee-house” a list of stock and commodity prices called “The Course of the Exchange and other things”. It is the earliest evidence of organised trading in marketable securities in London.

1698
Stock dealers are expelled from the Royal Exchange for rowdiness and start to operate in the streets and coffee houses nearby, in particular in Jonathan’s Coffee House in Change Alley.

1720
The wave of speculative fever known as the “South Sea Bubble” bursts.

1748
Fire sweeps through Change Alley, destroying most of the coffee houses. They are subsequently rebuilt.

1761
A group of 150 stock brokers and jobbers form a club at Jonathan's to buy and sell shares.

1773
The brokers erect their own building in Sweeting’s Alley, with a dealing room on the ground floor and a coffee room above. Briefly known as “New Jonathan’s”, members soon change the name to “The Stock Exchange”.

1801
On 3 March, the business reopens under a formal membership subscription basis. On this date, the first regulated exchange comes into existence in London, and the modern Stock Exchange is born.

1802
The Exchange moves into a new building in Capel Court.

1812
The first codified rule book is created.

1836
The first regional exchanges open in Manchester and Liverpool.

1845
More speculative fever – this time “Railway mania” – sweeps the country.

1854
The Stock Exchange is rebuilt.

1876
A new Deed of Settlement for the Stock Exchange comes into force.

1914
The Great War means the Exchange market is closed from the end of July until the new year. The Stock Exchange Battalion of Royal Fusiliers is formed – 1,600 volunteered, 400 never returned.

1923
The Exchange receives its own Coat of Arms, with the motto “Dictum Meum Pactum” (My Word is My Bond).

1939
The start of World War Two. The Exchange is closed for 6 days and reopens on 7 September. The floor of the House closes for only one more day, in 1945 due to damage from a V2 rocket – trading then continues in the basement.

1972
Her Majesty the Queen opens the Exchange's new 26-storey office block with its 23,000sq ft trading floor.

1973
First female members admitted to the market. The 11 British and Irish regional exchanges amalgamate with the London exchange.

1986
Deregulation of the market, known as “Big Bang”:
Ownership of member firms by an outside corporation is allowed.
All firms become broker/dealers able to operate in a dual capacity.
Minimum scales of commission are abolished.
Individual members cease to have voting rights.
Trading moves from being conducted face-to-face on a market floor to being performed via computer and telephone from separate dealing rooms.
The Exchange becomes a private limited company under the Companies Act 1985.

1991
The governing Council of the Exchange is replaced with a Board of Directors drawn from the Exchange's executive, customer and user base. The trading name becomes “The London Stock Exchange”.

1995
We launch AIM – our international market for growing companies.

1997
SETS (Stock Exchange Electronic Trading Service) is launched to bring greater speed and efficiency to the market. The CREST settlement service is launched.

2000
We transfer our role as UK Listing Authority with HM Treasury to the Financial Services Authority (FSA). Shareholders vote to become a public limited company: London Stock Exchange plc.

2001
We list on our own Main Market in July. We begin our 200th anniversary celebrations.

2003
We create EDX London, a new international equity derivatives business, in partnership with OM Group. We acquire Proquote Limited, a new generation supplier of real-time market data and trading systems.

2004
We move to brand new headquarters in Paternoster Square, close to St Paul's Cathedral.

Road to the crisis ?

It seems a heightening juncture might evolve in the near future. If we take a view on asian region, we can find a big downturn, it can be treated as an embarrasment, i ascribe it to the numerous factors which arised after american economy data revealed and the ex-chairman Alan Greenspan made a statement with heady pessimism about outlooks of the asian stock exchange.

Take for instance the Shanghai Stock Exchange, the shares faced with pull back, and fell with 7 percentage, it was the biggest correction over 3 mounth on chinese SE.