Kanske kan vara på sin plats att påminna lite om situationen i USA igen?
About half of U.S. mortgages seen underwater by 2011
NEW YORK (Reuters) - The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
http://www.reuters.com/article/newsOne/idUSTRE5745JP20090805
Och sedan angående "marknadens" aptit för Amerikanska statspapper. Ni vet dom som behövs för att finansiera USAs nu snart $75 trillions underskott.
Just last week, when the auction results were announced it was trumpeted to great fanfare that there was "more than sufficient" bid-to-cover, "strong demand" and all the rest.
And now it turns out that 47% (!) of the bonds that were taken by the primary dealers in that auction have been quietly bought by the Fed and permanently secreted to its balance sheet.
They didn't even wait a full week!
The Fed Buys Last Week's Treasury Notes
http://www.chrismartenson.com/blog/fed-buys-last-weeks-treasury-auction/23880
Blatant Monetization uncovered
Folks, this is beyond bad - it is pernicious and outrageous conduct by The Federal Reserve in conspiracy with the Primary Dealers, both of which are now desperately trying to prop up the US Government Bond Market through subterfuge rather than just buying up the bond issue from Treasury when originally put to the market!
http://market-ticker.denninger.net/archives/1304-BLATANT-Monetization-Uncovered.html
The Fed's UST-POMO Pyramid Scheme Exposed
In a brilliant piece of investigative reporting, Chris Martenson (original article here) has uncovered that the Fed, merely a week after issuing $28 billion in 7 year bonds (which Zero Hedge discussed previously) via its puppet, the US Treasury, of which $10 billion ended up being purchased by primary dealers, has turned and bought 47% of the primary allocated bonds in Open Market Purchases. This is undisputed monetization removed simply via one primary dealer and less than 5 days of temporal separation in order to leave no easy trace.
http://www.zerohedge.com/article/feds-ust-pomo-pyramid-scheme-exposed
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