Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.
Thursday, 12 February 2009
Warning Monitor : Pohjola - OP
"Bancassurer Pohjola (POH1S.HE) reported a sharp drop in fourth-quarter earnings on Thursday, hit by falling asset values and higher claims, and unveiled a $388-million rights issue to bolster customer lending."
Do not have more than the guaranteed limit in this bank, as it looks like investor are running away - This morning they announce that they needed to raise money. I think it's better to be cautious as the next wave of issues is slowly approaching (burst of the eastern country economy bubble, Russia defaulting? or worse a collapse of the Dow Jones...)
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