Category Archives: Business Consultant
Yep, I predict you will start to recognize the idea of these borrowing instruments. This recent death defying walk on the financial cliff was not enough to encourage financial self reliance and self discipline. NAH, expect the next start for … Continue reading
Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks’ balance sheets, stalled in foreclosure court proceedings, or simply occupied by nonpaying owners as lenders wait … Continue reading
With the breaking news of the accused fraud within Freddie and Fannie, I like to brag on my distant post of July 2007 and our analysis and caution. Even our most dire of predictions we fell short by over $200 … Continue reading
We forget that the Great Depression was like a soccer match, there were two halves.” The 1929 crash kicked off the first half. But what “made the depression truly ‘great’ …began with the European banking crisis of 1931.” Sound familiar? Our … Continue reading
By Howard Gold
NEW YORK (MarketWatch) — Three years ago, the House of Lehman collapsed like a house of cards. And if you thought the original was scary, just wait until Lehman II comes to a theater near you — in IMAX 3D with digital surround sound.
That’s the view of sober-minded Canadian strategist and money manager John Stephenson, senior vice president of First Asset Management in Toronto.
He predicts a new, Lehman-like financial crisis in the next six to 12 months, only this time involving the debt of governments and European banks.
He thinks it could drive stocks much lower, to levels at which they traded, well, just after the collapse of Lehman and AIG in fall 2008.
“When it happens, it’s going to happen fast, and it’s going to be ugly and very deep,” he told me in a telephone interview, adding that he expects it to be “worse than the last crisis. Last time around, the governments had some room to bail people out. They don’t have that capacity [now].” Continue reading