RED ALERT: Next debt crisis near!

Posted by Matt in February 16th, 2010 | no comment

Published in Economy, Bad Debts, Bank Of America, Bofa, Countrywide Financial, Debt Crisis, European Governments, Fannie Mae, Fish Contamination, Greece Italy, Investor Confidence, Jpmorgan Chase, Merrill Lynch, Sinking Ships, Small Fish, Sovereign Governments, Subprime Lenders, Toxic Material, U S Treasury, Unintended Consequences, Washington Mutual

One year and five months ago — armed with a 92-page white paper and 59,000 petitions — we warned Congress about the grave danger of government bailouts.
To view the video of my presentation at the National Press Club, click here. To download the white paper, “Dangerous Unintended Consequences,” click here.
And to understand how [...]

China Stocks May See ‘Full-Blown’ Bubble in 2010, BofA Says – BusinessWeek

Posted by Matt in December 28th, 2009 | no comment

Published in China, Bank Of America, Bank Of America Corp, Bofa, Businessweek, China Bank, China Stocks, inflation, Interest Rate, Massive Savings, Merrill Lynch, Merrill Lynch Research, Migration, Negative Interest, Phone Interview, Property Markets, Stock, Strategist, Sydney

China’s stock and property markets may develop into a “full-blown” bubble next year as inflation accelerates, according to BofA Merrill Lynch Research.
“Next year could be the year we see a full-blown asset bubble,” David Cui, the China strategist at Bank of America Corp.’s Merrill Lynch unit, said today in a phone interview from Sydney. “We’re [...]

Why China’s Banks Are Stronger than America’s

Posted by Matt in June 3rd, 2009 | no comment

Published in China, Financial, U.S., Bank Of America, Banks, Billions Of Dollars, China Construction Bank, Chinese Banks, Chinese Money, Economy, Financial Crisis, Global Financial Crisis, Hand Over Fist, Making Money, Merrill, Money Hand, Net Profit, Stake

Last year China Construction Bank’s net profit soared 10% to $11.9 billion. In the same period, Bank of America, which at the time owned some 19% of the Chinese lender, earned just $4 billion, down 73% from 2007. That’s all you need to know to understand why Bank of America in May sold a 5.8% [...]