Der USA Bären-Thread
Härtetest fürs Kartenhaus
Von Beat Balzli und Frank Hornig
Nach dem Hypothekengeschäft steckt auch das Gewerbe der Firmenjäger in der Kreditklemme. Milliardenschwere Übernahmen lassen sich nicht mehr auf Pump finanzieren. Nun droht die Private-Equity-Blase zu platzen - auch auf Kosten ahnungsloser Fondsanleger.
Rest hier: http://www.spiegel.de/spiegel/0,1518,503493,00.html
nur mit welchen und wie schwerwiegend? sieht nicht gut aus für die Übernahmeschlacht um ABN.
http://www.bloomberg.com/apps/...20601039&sid=a8uEKKBYY7As&refer=home
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und alle ratingagenturen ,bei letzteren kein wunder
sie werden von den banken bezahlt,sind also keine
firma(grob gesagt)sie haben narrenfreiheit Wandler
scherze, dass die demnaechst anfangen, die filialen 3 std frueher zu schliessen, um strom zu sparen und genug geld fuer die tagesendabrechnung zu haben...
ich sehe kaum eine chance, dass die im kampf um abn am ende gewinnen koennen.
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"... Ich hoffe natürlich, dass wir nicht nur die Spitze des Eisbergs gesehen haben, sondern die Dimension des ganzen Eisberges kennen. Dennoch, die eine oder andere Überraschung ist nicht auszuschließen. Schließlich geben die Kreditinstitute nur zögerlich Informationen über das Volumen ihrer erst- und zweitklassig eingestuften Kredite im Private-Equity-Bereich und im Immobilienbereich bekannt. ..."
http://www.vdi-nachrichten.com/vdi-nachrichten/...brik&cat=3&id=34716
Gruß
Permanent
Werfe ne Münze, setz auf Kopp, da hast du ne reelle 50/50 Chance;))
Obwohl. HALT!! Ne Nachricht gabs ja Heute!!!
OK. Mein Tip:
-wenn der Debile unten bleiben muß (um seinen Wehrdienst endlich zu beenden) DOW +1000 Punkte
- oder er fliegt weiter, na ja fürn kleines Minus könnte es ja reichen;))
Einbischenspassmusssein
Warum muss dann so viel importiert werden,daß dei USA einen deutlich negativen Handelsüberschuß vorweisen (der natürlich nicht so schlimm ist, weil die Auslandsschulden in Dollar angelegt werden ,haha, die Welt wird verarscht) ?
OnceHush, "Lumpy", Malko07 und die üblichen Verdächtigen -die nie polemisch werden- werden sicher nicht nur mich mit ihren präzisen, wie geschliffenen und glasklaren Antworten zu überraschen wissen.
Report: U.S. Workers Are Most Productive
Sunday September 2, 11:08 pm ET
By Bradley S. Klapper, Associated Press Writer
U.N. Report: U.S. Workers Most Productive in World; Each Produces $63,885 of Wealth Per Year
GENEVA (AP) -- American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe and most other rich nations, and they produce more per person over the year.
They also get more done per hour than everyone but the Norwegians, according to a U.N. report released Monday, which said the United States "leads the world in labor productivity."
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The average U.S. worker produces $63,885 of wealth per year, more than their counterparts in all other countries, the International Labor Organization said in its report. Ireland comes in second at $55,986, followed by Luxembourg at $55,641, Belgium at $55,235 and France at $54,609.
The productivity figure is found by dividing the country's gross domestic product by the number of people employed. The U.N. report is based on 2006 figures for many countries, or the most recent available.
Only part of the U.S. productivity growth, which has outpaced that of many other developed economies, can be explained by the longer hours Americans are putting in, the ILO said.
The U.S., according to the report, also beats all 27 nations in the European Union, Japan and Switzerland in the amount of wealth created per hour of work -- a second key measure of productivity.
Norway, which is not an EU member, generates the most output per working hour, $37.99, a figure inflated by the country's billions of dollars in oil exports and high prices for goods at home. The U.S. is second at $35.63, about a half dollar ahead of third-place France.
Seven years ago, French workers produced over a dollar more on average than their American counterparts. The country led the U.S. in hourly productivity from 1994 to 2003.
The U.S. employee put in an average 1,804 hours of work in 2006, the report said. That compared with 1,407.1 hours for the Norwegian worker and 1,564.4 for the French.
It pales, however, in comparison with the annual hours worked per person in Asia, where seven economies -- South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia and Thailand -- surpassed 2,200 average hours per worker. But those countries had lower productivity rates.
America's increased productivity "has to do with the ICT (information and communication technologies) revolution, with the way the U.S. organizes companies, with the high level of competition in the country, with the extension of trade and investment abroad," said Jose Manuel Salazar, the ILO's head of employment.
The ILO report warned that the widening of the gap between leaders such as the U.S. and poorer nations has been even more dramatic.
Laborers from regions such as southeast Asia, Latin America and the Middle East have the potential to create more wealth but are being held back by a lack of investment in training, equipment and technology, the agency said.
In sub-Saharan Africa, workers are only about one-twelfth as productive as those in developed countries, the report said.
"The huge gap in productivity and wealth is cause for great concern," ILO Director-General Juan Somavia said, adding that it was important to raise productivity levels of the lowest-paid workers in the world's poorest countries.
China and other East Asian countries are catching up quickest with Western countries. Productivity in the region has doubled in the past decade and is accelerating faster than anywhere else, the report said.
But they still have a long way to go: Workers in East Asia are still only about one-fifth as productive as laborers in industrialized countries.
The vast differences among China's sectors tell part of the story. Whereas a Chinese industrial worker produces $12,642 worth of output -- almost eight times more than in 1980 -- a laborer in the farm and fisheries sector contributes a paltry $910 to gross domestic product.
The difference is much less pronounced in the United States, where a manufacturing employee produced an unprecedented $104,606 of value in 2005. An American farm laborer, meanwhile, created $52,585 worth of output, down 10 percent from seven years ago, when U.S. agricultural productivity peaked.
Associated Press Writer Alexander G. Higgins contributed to this report.
gefeuert!
"Geldwaschanlage" der großen US-Investmentbanken. Diese Häuser werden von den übrigen Banken nun offensichtlich geschnitten, d.h. von Interbankenkrediten ausgeschlossen. Der "Sauber-Ackermann" sollte den Mund nicht so voll nehmen. Ich gehe davon aus, dass die Deuba in dieser Sache keine weiße Weste hat.
Nach Unregelmäßigkeiten in Firmen Bilanzen wird noch gesucht, soll es gegeben haben.
Die sind gedopt !
Last Updated: 1:14pm BST 03/09/2007 Barclays topped the list of blue chip risers, rising 3.5pc to 634.5p, after Bob Diamond, its investment banking supremo, moved to reasure investors about the limited extent of Barclays exposure to the US sub-prime crisis.
Mr Diamond, chief executive of Barclays Capital, dismissed concerns that profits at the bank might suffer because of problems at some of its debt vehicles that were secured against US sub-prime mortgages.
He said that the "conservative" estimate of the losses related to sub-prime was just £75m, a relative drop in the ocean for an institution of Barclays' size.
http://www.telegraph.co.uk/money/main.jhtml?xml=/.../bcxmktrep103.xml
bei Barclays sondern SIV Conduits, die aufgrund der Liquiditätsklemme in Probleme geraten; daher kann er ruhig behaupten es gibt kein Problem bei subprime
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der ganze rattenschwanz der verbriefungen, der verbriefungen der verbriefungen und der scheinbar hoeherklassigen schulden und kredite ist das thema, das den banken noch kopfschmerzen bereiten wird
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Mr Diamond identified rates in the money markets as a critical issue in the current liquidity crisis.
"One of the big issues we face as a market - not just Barclays, not just sterling - is that 90-day commercial paper is moving to one-week commercial paper, 30-day commercial paper is moving to one-day commercial paper, six-month deposits are moving to five-day deposits," Mr Diamond said in an interview with the Sunday Telegraph.The movement in three-month Libor rates - London Interbank Offered Rate, or the rate at which banks lend to one another, unsecured, for 90 days - in the past fortnight has been quite extraordinary.
The price would normally be a premium of about 0.15% to where markets think the Bank of England's base rate, currently 5.75%, will be in three months' time.
In recent months, three-month Libor has been just above 6%, but two weeks ago it soared to 6.6% and has since stayed there. Friday's price - 6.69% - was the highest for eight-and-a-half years.
In an analysis of central banks' actions in combating the problem, Mr Diamond notably excluded the Bank of England from praise. "For the recovery to continue we need to find more ways to get liquidity into the short end of the curve," he said. "That's down to confidence, and that's down to the central banks. We've seen thoughtful moves by the [US] Fed and the ECB."
Mr Diamond's remarks raised eyebrows among money market professionals partly because of Barclays' own bidding last week during the daily setting of the three-month Libor rate, the most closely-watched benchmark of short-term interest rates in London. Three month Libor - or London Interbank Offered Rate - is set by a panel of 16 banks.
The current sky-high rates are seen as evidence of banks' extreme reluctance to lend as they continue to be alarmed by the fallout from the US mortgage crisis.
Barclays on Friday offered a three-month Libor rate of 6.8% and was the only bank on the British Bankers' Association's panel to give a figure above the Bank of England's current emergency lending rate of 6.75%.The published 6.69% rate on Friday - set by taking the average of the eight quotes in the middle (the top four and the bottom four quotes are disregarded) - reflected the fact that other banks on the panel were closely bunched in a 6.65%-6.75% range. That Barclays was so far out of line mystified the money markets.
"As long as three-month Libor remains below 6.75%, the Bank of England can say that the money markets are working normally," said one analyst. "If it goes above 6.75%, the Bank of England has a problem and might be obliged to do something.
"So a bank bidding 6.8% is very interesting. The innocent explanation is that that is just what Barclays thinks the rate should be. If you were a conspiracy theorist, though, you might think Barclays was trying to force the Bank's hand."
Barclays yesterday dismissed such suggestions, saying the speculation regarding three-month interest rates was "an irrelevance".
Barclays went on the offensive after a week of bad headlines, denying that it faces a black hole as a result of global credit market turmoil.
Mr Diamond said fears over the bank's exposure to losses from four investment vehicles, known as SIV-lites, the resignation of the banker responsible for the vehicles and Barclays' emergency £1.6bn borrowing from the Bank of England were overblown. Barclays "didn't do a great job managing the headlines" last week, he said. "Some things that were quite explainable - whether it was Ed Cahill's resignation or borrowing from the Bank of England's stand-by facility - have been taken out of context."
He said: "We are awash with liquidity. There is no issue with liquidity at Barclays."
·This article was amended on September 3 2007.http://business.guardian.co.uk/story/0,,2161133,00.html
| Business & Technik |
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| USA hängen bei der Produktivität den Rest der Welt ab |
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| Jahresstudie "Schlüsselindikatoren des Arbeitsmarkts" der Internationalen Arbeitsorganisation |
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| Letzte Aktualisierung: 03-09-2007 16:09 |
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| (dpa). - Die USA sind das produktivste Land der Welt und legen trotz asiatischer Konkurrenz weiter zu. Das geht aus der fünften Jahresstudie "Schlüsselindikatoren des Arbeitsmarkts" der Internationalen Arbeitsorganisation (ILO) hervor, die am Montag in Genf veröffentlicht wurde. Mangelnde Investitionen in Aus- und Fortbildung ebenso wie in Ausrüstung führen aber dazu, dass das produktive Potenzial in vielen Ländern nicht voll genutzt wird. "Der riesige Abstand bei Produktivität und Reichtum zwischen den verschiedenen Ländern gibt Anlass zu großer Sorge", sagte ILO-Generaldirektor Juan Somavia. Auf die USA mit einer Wertschöpfung pro Beschäftigtem von 63 885 US-Dollar im Jahr 2006 (heute etwa 47 000 Euro) folgen mit einigem Abstand Irland mit 55 986 Dollar, Luxemburg mit 55 641 Dollar und Belgien mit 55 235 Dollar. Allerdings liege das nicht zuletzt an den langen Arbeitszeiten in den USA, schreibt die ILO. Pro Stunde gerechnet liege Norwegen mit einer Wertschöpfung von 37,99 Dollar an der Spitze , die USA folgen auf Platz zwei mit 35,63 Dollar und Frankreich mit 35,08 Dollar. In Deutschland beträgt die Produktionsleistung pro Beschäftigten 42 345 Dollar und pro Stunde 29,49 Dollar. In den ostasiatischen Ländern hat sich die Produktivität binnen zehn Jahren verdoppelt. Dadurch schrumpfte der Abstand zu den entwickelten Ländern . Die Studie belegt nach ILO-Angaben überdies den Mangel an menschenwürdigen Arbeitsmöglichkeiten (?decent work") auf der Welt. Die Sonderorganisation der Vereinten Nationen, in der Arbeitgeber und Arbeitnehmer vertreten sind, definiert "decent work" als Arbeit, die produktiv genug ist, um ein ausreichendes Einkommen für die Arbeiter und ihre Familien zu erzielen, und die darüber hinaus Arbeitsschutz, soziale Sicherheit und Organisationsfreiheit bietet. Das produktive Potenzial von bis zu 1,5 Milliarden Menschen - ein Drittel der Weltbevölkerung im arbeitsfähigen Alter - liege zumindest teilweise brach. Diese Zahl ergebe sich aus den 195,7 Millionen unterbeschäftigten Menschen und den fast 1,3 Milliarden "arbeitenden Armen", die trotz Arbeit mit ihren Familien nicht über die Armutsschwelle von umgerechnet zwei US-Dollar pro Tag kommen, schreibt die ILO. Quelle: wort.lu |
(so ähnlich wie bei einigen dubiosen Figuren onboard, die sich gegenseitig -und speziell in diesem Sräd- den Hintern mit Katatrophen-Weichspül-Kommentaren pudern lol)
begreift ,daß KGV ´s von 40 bei US- High Tech Firmen noch günstig sind
Also, sie arbeiten am längsten und produktivsten.
Und sie sind Exportweltmeister beim Müll- oder Lufthandel (luft=leere Container), so genau weiß man das nicht. Stimmts wawidu?
Und sie schlafen auch fast nie, denn zu der LÄNGSTEN und PRODUKTIVSTEN Arbeit kommt auch noch das absolut GRÖSSTE Leistungsbilanzdefizit aller Nationen und Zeiten! Sie müssen also nicht nur ihre eigene Scheiße konsumieren, sondern auch noch die von 1,3 Mrd Chinesen uns Europäern und und und..
Also wenn ich so darüber nachdenke, dann werde ich mein Geld ab morgen zu 100% (nein besser mit nem kleinen Hebel;) zu 1000% in Amiland anlegen. Da ist es aufgehoben wie in Abrahams Schoß oder wars Dantes Inferno?
einen Dreifach Job ?
-> "ihr seid"
….. Over the next six weeks, more than $1 trillion worth of commercial debt is set to come due and will need to be refinanced, more than five times as much as came due since the disruption began one month ago.
Fed officials say most of that $1 trillion in maturing debt has nothing to do with subprime loans and any other kind of mortgages. It includes credit card debt, car loans and business loans.
One official compared the load of maturing debt to a pig in a python: a bulge that would be take time to digest, but could eventually be absorbed without huge problems.
Much of the digesting will be by big banks, which provided backup credit lines for their mortgage lenders.
But David Hale, a longtime Fed watcher, noted that at least two German banks needed to be rescued last month because of their exposure to American mortgages. Chances are very high that there will be more, Mr. Hale said.
http://www.nytimes.com/2007/09/03/business/...oref=slogin&oref=slogin