วิกฤตการณ์เงินที่สหรัฐอเมริกา
วิกฤตการณ์เงินที่สหรัฐอเมริกา
"Greenback-Effect"To put it simply,......Over-issuing U.S.dollar incurs Inflation
WARREN E. BUFFETT, famous economist, warned on N.Y.Times about its risk of over-issuing U.S.dollar.He said that there is nothing else to do for a financial-policy<นโยบายทางการเงิน> except FRB's over-issuing dollar,...But...its secondary effect of over-issuing US-dollar is expanding potentially,.....So, U.S.Congress should stop the enlarging deficit-financing before recovering U.S.economy, or else other countries won't buy U.S.government-bonds,....as a result....its interest-rates will rise,.....and make worse the Inflation.
http://www.nytimes.com/2009/08/19/opinion/19buffett.html?_r=1The major investment funds"the Pacific Investment Management Co."announced a prediction about U.S.dollar that"As a result of over-issuing dollar by FRB,....its position of foreign-reserve<ทุนสำรองเงินตราระหว่างประเทศ> in the world is being lost day by day. From now on, U.S.dollar will fall in its price against BRICs'currencies.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeD0JMxdEA_cIn Bangkok,....Economist Joseph E. Stiglitz, Nobel Memorial Prize in Economic Sciences<2001>, said at a lecture that"Now,...U.S.dollar's risk is getting worse day by day...So,....U.S.dollar no longer is worthy as a foreign-reserve,......All the countries of the world should establish a new reserve system instead of U.S.dollar.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4QMMa4gnquYJoseph E. Stiglitz
http://en.wikipedia.org/wiki/Joseph_StiglitzOver-issuing U.S.dollar cause"Long-term interest rate"? or"Hyper-Inflation"?
http://www.forbes.com/2009/08/11/federal-reserve-economy-business-washington-dollar.htmlChina and Russia decreased to buy U.S.government-bonds !!
The Department of the Treasury published the statistics of selling the government-bonds.According to the statistics, the total-amount of purchasing the government-bonds from foreign-countries was increasing from $19.4billion to $90.7billion compared with the statistics of May.But,...Pro-American countries like U.K and Japan increased to buy the government-bonds instead of that BRICs decreased to buy it.China decreased the total-holding amount of U.S.government-bonds from $800billion to $770billion.And, was making an effort to purchase a treasury-bill with selling a risky long-term national bond.
http://www.cctv.com/program/worldwidewatch/20090818/108705.shtml From now on,....If there will be tangible signs that U.S.dollar's collapse, sales of the U.S.government-bonds will fall off. As a result, Pro-American countries like U.K and Japan will suffering heavy damage from U.S. government-bonds which changed to wastepapers. http://english.people.com.cn/90001/90780/91421/6734461_txt.htmlChina want to leave U.S.dollar as early as possible by shopping !
Now, China government is proceeding to leave from U.S.dollar in a flurry. On August,....China's nickel-mining industry, Jilin-Jien, was negotiating a purchasing-plan with a hostile-act against the Canadian Royalties Inc. in Canada. .....was reported. Usually,...China government's companies had been purchasing oil-fields and mines in all parts of the world with freindly. A hostile-act like this is a first time untl now. It can be inferred from their action that China is in a hurry.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/china-makes-unexpected-grab-for-canadian-miner/article1247540/Commercial real-estate business in U.S.A now
Commercial real estate market in U.S.A about a business-office is going from band to worse day by day.The total-value of a Commercial real-estate; have fallen 39% from the maximum-value of 2years ago. Now,....Its value is approximately $3.5trillion. This drop-rate<%> is larger than the drop-rate<27%> in 1980s. The drop-rate<%> during March-June was 18%. The speed of its drop is accelerating day by day. The amount of a loss of these real-estate market goes into a bad loans of financing-banks.
http://www.rcanalytics.com/article/764/Second-Wave-Of-The-Credit-Crisis--Collapsing-Commercial-Real-Estate.aspx Savings and loan association...What happened in 1980s ?
http://en.wikipedia.org/wiki/Savings_and_loan_associationNow,....Hotel business in U.S.A,......the number of a paying-guests is decreasing with economic-depression. And what make it even worse is that hotel which facing to a lack of mortgage by a drop in real-estate price; is increasing. In U.S.A,...A financing-system with Real_Property_Security can avoid taking the responsibility of repaying by evacuating a real-property to a creditor. And, Hotel offers apologies each reservation.....and.....Proprietor dismiss employees...and....clear off by mailing a key to a bank.....and....carry out a midnight-vanishing act.
http://online.wsj.com/article/SB125029276280433451.htmlUsually,...Each Bank as a creditor is hoping each hotel to continue a hotel-management by a reduction and examption through re-negotiation about a financing-prerequisite between Hotel as an insolvent-debtor. But,....Most credit is already resold and put into circulation by issuing a complicated loan-bonds combined with other dozens or hundreds loan-bonds. So,...Each bank can not change easily each financing-prerequisite at each bank's own discretion.
Housing real-estate business in U.S.A
In U.S.A now,.....The Housing real-estate business also is happening to fallen its price like Commercial real estate. As of late June,....The Delinquency rates<%> of paying-off a loan in all over U.S.A exceeded in 13%. Until now,.....Usually.....Most reason of a delinquency of paying-off a loan was caused by a subprime loan. But,.....Recently.....The reason caused by an economic-depression that insolvents lost their job or reduced their salaries; is increasing in U.S.A.
http://www.ft.com/cms/s/0/4f8283a8-8da3-11de-93df-00144feabdc0.htmlAs a result,....Most banks in U.S.A have been increasing bad-loans. The rate of bad-loans of 150 Banks are apparently exceeding 5%. Usually,....The rate<%> of bad-loans exceeding 5% is regarded as fell into an insolvency. In other words,....is considered to be all intents and purposes bankrupt that"Bank can not repay a bad-loan by all capital of them".
http://bloomberg.com/apps/news?pid=20601087&sid=aTTT9jivRIWE Fitch Announces Expanded Review of U.S. Bank Commercial Real Estate Exposure http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090818005843&newsLang=enFitch Ratings
http://www.fitchratings.com/index_fitchratings.cfmFed buys record $5.6 billion in agency debt
http://www.marketwatch.com/story/fed-buys-record-56-billion-in-agency-debt-2009-08-21-1215500Fannie Mae<แฟนนี เม>
http://www.fanniemae.com/Freddie Mac<เฟรดดี แมค>
http://www.freddiemac.com/Ginnie Mae รัฐบาล
http://www.ginniemae.gov/Pension Funds Pare Stocks, Ignoring Economic Rebound....Why are company insiders selling?
http://www.bloomberg.com/apps/news?pid=20601109&sid=amowlMWZN_dcFDICFederal Deposit Insurance CorporationAs a result of the financial crisis in 2008, twenty-five U.S. banks became insolvent and were taken over by the FDIC. However, during that year, the largest bank failure in terms of dollar value occurred on September 26, 2008 when Washington Mutual experienced a 10-day bank run on its deposits.On July 31, 2009, the FDIC launched its Legacy Loans Program. This initiative is aimed at helping banks rid their balance sheets of toxic assets so they can raise new capital and increase lending.On August 14, 2009, Bloomberg reported that more than 150 publicly traded U.S. lenders had nonperforming loans above 5% of their total holdings. This is important because former regulators say that this is the level that can wipe out a bank's equity and threaten its survival. While this ratio doesn't always lead to bank failures if the banks in question have raised additional capital and have properly established reserves for the bad debt, it is an important indicator for future FDIC activity.On August 21st, 2009, the 2nd largest bank in Texas became insolvent and was taken over by BBVA of Spain. This is the first foreign company to buy a failed bank during the credit crisis of 2008 and 2009.This transaction alone, cost the FDIC Deposit Insurance Fund $3 Billion.On August 27, 2009, the FDIC increased the number of troubled banks to 416 in the second quarter. That number compares to 305 just three months earlier.As of September 18, 2009, a total of 94 banks became insolvent. This eight month tally surpasses the 50 banks that were seized in all of 1993, but is still smaller than the number of failed banking institutions in 1992, 1991, or 1990.
FDICFederal Deposit Insurance Corporation
http://www.fdic.gov/
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