Contrary to what large banks and financial medias tried to make us believe last week, and in line with LEAP/E2020’s anticipations, the US housing market keeps falling.

In February 2007, sales of newly constructed homes settled to the lowest level since June 2000 (848,000). And this is far from being the end of the downward spiral into which millions of US citizens and a growing number of financial players are being dragged.

Indeed, as described in GEAB N°13 (already anticipated in November 2006 in GEAB N°9: "LEAP/E2020 Alert - Banking and financial sectors at the center of the impact phase of the global systemic crisis, via 'hedge funds' and 'bad quality credit'"), the most important financial operators - for a large part heavily involved in housing and subprime mortgage loans - are beginning to be affected by the current giant financial rout.

Even the sector’s “majors” now strive to save their balance sheets, selling « on the sly » their billions of dollar-worth mortgage loans purchased in the past few years. For instance, Morgan Stanley is discreetly getting rid of 2.48 billion USD worth of mortgages purchased from subprime lender New Century - close to bankruptcy… meanwhile Morgan Stanley, together with its colleagues, would like to make the market believe that the worst is behind for the housing sector”.

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Mardi 27 Mars 2007

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GEAB N°65 - Contents

- Published on May 16, 2012 -

Global systemic crisis / Second half of 2012 – Convergence of four explosive factors: Banks-Stock Exchanges-Pensions-Debts
Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts… (page 2)
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Which languages must your child learn to be useful to him in twenty years ? Anticipation of the principal intra-European and world common languages in a 2030 timframe
Beyond its cultural interest LEAP/E2020 has created this anticipation as a tool to aid decision-making, individual (parents for the education of their children) as much as collective (public education institutions, universities, states, international businesses). Individual and joint strategies as regards language teaching are long term processes needing fundamental choices to be made almost a generation in advance… (page 11)
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Strategic and operational recommendations
. Currencies-Gold: Stay on course
. Pensions: Preserving one’s capital
. Stock Exchanges: Last exit before chaos
. Banks: Maximum distrust
. Government bonds: The trap is closing (page 21)
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The GlobalEurometre - Results & Analysis
The majority of respondents believing that their country’s major banks could go bankrupt by the end of 2012 has risen to 66% this month (versus 61% last month)… (page 23)
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