Markets Insane volatility
Posted by Adrian on April 1, 2009
GM and Chrysler pending bankruptcy (news agency’s tug of war of truth and speculation, amusing to watch), China PMI dead in the water, South Korea’s over producing (inventories swell on huge trade surplus), Australia’s retail slumping and over capacity in construction (housing) – pointing to huge downturn, Japan’s manufacturing index (Tankan) collapsed to -58% (worst ever), Mark to Market rules to be changed.
below is a video of Meredith Whitney who is an expert in credit/banks analysis, she also discusses Mark to Market rules and how it will effect banks balance sheets:
please click here for video