(Source:)) If you look at the broader unemployment U6, the scale is really clear: the U-6 rises 16.8% in August, after 10.9% in the same month last year. Source: research.stlouisfed.org/fred2/data/UNRATE.txt 1.2. loan losses spill news.release/pdf/empsit.pdf, page 19 this from subprime to the prime area on the meaning, even though the sub-prime crisis (caused by loans to people who never could afford it) is completed, makes himself now adversity in the prime area felt, this means the the borrowers who could afford it before the crisis, due to the loss of the workplace now also the loan rates can no longer pay. Accordingly, the foreclosures also increase further. In the first quarter of 2009, the failures in prime loans sector over the previous year have more than doubled. Source: 1.3.
The credit card lines of currently unimaginable 5.400.000.000.000,-US$ by 2010 must be halved the Defaults on credit card debt is increasing. The total credit card lines in the United States amount to unimaginable 5.400.000.000.000,-US$. (5,400 billion US$). As consumption and domestic demand will fuel, unless the Americans are eliminated 50% of the usual loans? In comparison, the German public debt at currently 1.611 billion (source:), the the United States 11.800 billion US$ (source: debt_clock) source: 1.4. 89 banks have been closed in this year alone, three times more than in 2008 that are more than three times as many as in the whole year 2008, 25 banks were affected in the. in 2007, there were only 3 banks.
To what extent the uneinbringbaren credit card debt will affect more banks, you can tell in a few months. Source: Federal Reserve Bank of St. Louis, research.stlouisfed.org Summary: high levels of unemployment = less disposable income and reduced credit limit = lower domestic demand = lower import demand of the United States = low export to Europe. How should the fast Economic growth come to justify these stock market increases.