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US FDIC has 117 banks on its watch list

Wed, Aug 27 2008, 06:12 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote:

‘The pure products of America go crazy –

mountain folk from Kentucky

or the ribbed north end of Jersey

with its isolate lakes and

valleys, its deaf-mutes, thieves.’ William Carlos Williams (1883-1963)


The News:

US FDIC has 117 banks on its watch list and says it may have to borrow money from the Treasury and that it might increase premiums paid into its $ 45.2B fund.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

From today DE August CPI for the different German states.

07:00 DE July Import Price Index +0.6% M/M, +9.3% Y/Y, versus +1.5% and +8.9% June.

13:30 US July Durable Goods Orders (-2.1% to +2.2%, Ex-transport –2.9% to +0.6%, vs +0.8% and +2.0% June).

13:35 UD Fed’s Lockhart speaks on inflation, Georgia State University.


The Psychology:

Does anyone really know what is going on?


The Risk:

Implied volatility increases.


Today’s most interesting chart: Russian stock index

Sliding to its lowest since July 2006.


Mizuho Corporate Bank  | 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

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