Feb 12, 2008

Tuesday, February 12, 2008

Japan is the next sub-prime flashpoint - Telegraph


	Japan's Nikkei index is down 17pc since Christmas

The nagging fear is that Japan's lenders - the conduit for the world's greatest stash of savings - have taken on a far bigger chunk of mortgage securities, collateralised loans obligations and other exotica from America's structured credit boom than they have yet revealed.

Americans and Europeans have so far confessed to $130bn of the estimated $400bn to $500bn of wealth that has vanished into the sub-prime hole. Somebody, somewhere, must be sitting on a vast nexus of undisclosed losses. We may find out soon enough whether the hold-outs are in Japan. The banks have to come clean under the country's strict new audit codes by the end of the tax year in March.

"We think this is where the next big problem is going to pop up," said Hans Redeker, currency chief at BNP Paribas.

"We know from Bank of Japan's lending survey that the banks are already tightening hard, so something is brewing. Right now, we are in the lull before the second storm in global markets, and Asia is going to be the source of the nasty surprises," he said.

U.S. mortgage crisis spreads past subprime loans - International Herald Tribune

As U.S. home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their payments for home loans, auto loans and credit cards at a quickening pace, according to industry data and economists.

The rise in prime delinquencies, while less severe than the one in the subprime market, nonetheless poses a threat to the battered U.S. housing market and weakening economy, which some specialists say is in a recession or headed for one.

CLIFFORD CARNICOM'S RESEARCH ON MORGELLONS

Carnicom Research
On Morgellons
From Clifford Carnicom
2-12-8

Morgellons - A Natural Medicine Approach
http://www.carnicom.com/natural2.htm

Morgellons - 5th, 6th And 7th Match
http://www.carnicom.com/morgobs5.htm

Morgellons Blood Syndrome Now In Children
http://www.carnicom.com/bloodtest2.htm

Morgellons Agents Of Infection
http://www.carnicom.com/agents1.htm

Morgellons - A Fourth Match
http://www.carnicom.com/morgobs4.htm

Discovered at: http://www.rense.com/general80/caarn.htm

Strangles outbreak at Northfield Park

Strangles outbreak at Northfield Park ohio

Northfield Park, with the help of an area vet and doctors at The Ohio State University, is struggling to contain an outbreak of strangles that has seven confirmed cases.

Dr. Dan Wilson, a Northfield track vet, was first contacted last week about respiratory illness affecting horses in six different barns on the track. When some of the horses didn’t respond to preliminary treatments, Wilson tested them for strangles and received confirming results.

“At all racetracks there is a lot of respiratory disease, and 99.9 percent of the time not strangles,” said Wilson. “We scope their guttural pouches and took samples from those who did not get better, and the horses came back positive. You always have strangles in the back of your mind when you have a sick horse, but you hope not.”

Symptoms of strangles include high fever, loss of appetite, and enlarged lymph nodes under the chin that often break open and drain.

Russia leads way in stopping space weapons

YouTube - st0ckman's Channel pre market futures etc

YouTube - st0ckman's Channel

pre market info 9am

American Campus Communities to acquire GMH Communities Trust

American Campus Communities to acquire GMH Communities Trust

American Campus Communities to acquire GMH Communities Trust (GCT) 5.59 : American Campus Communities (ACC 28.43) announces that it has entered into a definitive merger agreement pursuant to which American Campus Communities will acquire GMH Communities Trust for approx $1.4 bln including outstanding debt totaling approx $963 mln. Under the terms of the merger agreement, each common share of GMH and each unit of GMH's Operating Partnership will be entitled to receive at the closing of the merger 0.07642 of a share of ACC common stock and $3.36 in cash, or approx $5.53 in value based on the closing price of ACC's shares of common stock on February 11, 2008.

stocks gapping up and down

Gapping up:

GCT +50.3%, DEPO +19.3%, ALDA +14.1%, GLUU +12.6%, CPST +11.3%, ABK +7.8%, MBI +7.5%, QGEN +4.6%, NUAN +4.3%, NDN +3.7%, BCS +3.5%, GOLD +3.0%, MT +2.3%, CMP +2.2%, PACR +2.0%, XL +2.0%, BHP +1.8%, GFI +1.7%, SLB +1.6%, NOK +1.2%...

Gapping down:

DY -16.3%, IMB -12.1%, BRKS -10.7%, VRTX -8.8%, ASEI -4.8%, MTZ -3.5%, FOE -3.5%, ESLR -3.2%, GM -2.3%, MAS -1.7%