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Heist of the century: Wall Street's role in the financial crisis
Posted by The Guardian | May 20th, 2012
What do you think about this?
| Total fines on the banks for their role in the Enron fraud, the internet bubble, violation of sanctions against countries including Iran and money-laundering activities appear to be far less than 1% of financial sector profits and bonuses during the ... See all stories on this topic » |  The Guardian |
Palestinian rivals set timetable for unity deal
Posted by WRAL.com | May 20th, 2012
RAMALLAH, West Bank — Palestinian rivals Hamas and Fatah agreed on Sunday on a new timetable for a power-sharing deal that envisions elections in about six months, officials from both sides said. Reconciliation efforts have stalled repeatedly, ...
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RAMALLAH, West Bank — Palestinian rivals Hamas and Fatah agreed on Sunday on a new timetable for a power-sharing deal that envisions elections in about six months, officials from both sides said. Reconciliation efforts have stalled repeatedly, ...
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To QE Or Not To QE, That Is The Question
Posted by Seeking Alpha | May 20th, 2012
I suspect that businesses and investment committees around the world are spending an unusual amount of time discussing what central banks are likely to do next. In too many cases this discussion may overshadow those on fundamental trends, ...
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I suspect that businesses and investment committees around the world are spending an unusual amount of time discussing what central banks are likely to do next. In too many cases this discussion may overshadow those on fundamental trends, ...
See all stories on this topic » What do you think about this?
UAE govt firms' debt refinancing 'a challenge'
Posted by Trade Arabia | May 20th, 2012
Refinancing the debts of the UAE's government-related entities (GREs) remains a challenge made more difficult as European banks trim their activities in the region, the International Monetary Fund said on Sunday. State-owned companies in the UAE, ...
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Refinancing the debts of the UAE's government-related entities (GREs) remains a challenge made more difficult as European banks trim their activities in the region, the International Monetary Fund said on Sunday. State-owned companies in the UAE, ...
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Corporates have a debt mountain to climb
Posted by Financial Times | May 20th, 2012
... remember, the mother of all credit bubbles – there were only two years in which net new issuance in Europe topped $100bn. We must be careful not to exaggerate here. In particular, the IMF calculates that the fall in bank lending within the eurozone ...
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... remember, the mother of all credit bubbles – there were only two years in which net new issuance in Europe topped $100bn. We must be careful not to exaggerate here. In particular, the IMF calculates that the fall in bank lending within the eurozone ...
See all stories on this topic » What do you think about this?
Congressional hearing on central banking laws touches on full …
Posted by (author unknown) | May 20th, 2012
The Central Bank of Iceland created a banking sector bubble that lured people from every profession only to be laid off a few years later. Federal Reserve's new ...
monetarychoice.org/.../congressional-hearing-on-central-banki... What do you think about this?
The Central Bank of Iceland created a banking sector bubble that lured people from every profession only to be laid off a few years later. Federal Reserve's new ...
monetarychoice.org/.../congressional-hearing-on-central-banki... What do you think about this?
UAE government firms' debt refinancing 'a challenge' – IMF
Posted by Al-Arabiya | May 20th, 2012
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| IMF said on Sunday that refinancing the debts of the United Arab Emirates' government-related entities (GREs) remains a challenge made more difficult as European banks trim their activities in the region. (File photo) By Reuters Refinancing the debts ... See all stories on this topic » |  Al-Arabiya |
National commentary: Big banks
Posted by Herald Times Reporter | May 20th, 2012
It's well known that the banks have been derelict for the last three years, accepting bailout money from the federal government and then sitting on that money instead of loaning it out and getting the economy moving. The administration has launched a ...
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It's well known that the banks have been derelict for the last three years, accepting bailout money from the federal government and then sitting on that money instead of loaning it out and getting the economy moving. The administration has launched a ...
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Israel blasts foreign proposal on settlement goods
Posted by WRAL.com | May 20th, 2012
What do you think about this?
| By AMY TEIBEL, AP JERUSALEM — The Palestinian campaign to boycott goods produced in Jewish settlements in the West Bank has received a boost from abroad with an unprecedented South African proposal to have the name of Israel dropped from labels on ... See all stories on this topic » |  WRAL.com |
The Recovery Is an Illusion
Posted by Gold Seek | May 20th, 2012
The extraordinary growth in student loans looks like a big problem going forward, a bubble like the mortgage market. If you look at the overall bank lending, banks' balance sheets are so impaired that they cannot lend normally.
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The extraordinary growth in student loans looks like a big problem going forward, a bubble like the mortgage market. If you look at the overall bank lending, banks' balance sheets are so impaired that they cannot lend normally.
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For food bank director, advocacy is about love
Posted by Las Vegas Review-Journal | May 20th, 2012
Three Square President and CEO Brian Burton, seen April 26 outside the Las Vegas food bank, has decidated his life to serving struggling people. He was a church pastor and food pantry director in Dallas before joining the local nonprofit in March 2011.
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Three Square President and CEO Brian Burton, seen April 26 outside the Las Vegas food bank, has decidated his life to serving struggling people. He was a church pastor and food pantry director in Dallas before joining the local nonprofit in March 2011.
See all stories on this topic » What do you think about this?
Spain's Yearnings Are Now Its Agony
Posted by New York Times | May 20th, 2012
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| Borders were disappearing. The euro helped inflate a booming real estate bubble, as capital migrated south from northern Europe. Banks lent liberally, and the construction industry surged. As private debt mounted, homeownership soared. See all stories on this topic » |  New York Times |
TAKING STOCK: English Channel can offer little defence in a banking crisis
Posted by This is Money | May 20th, 2012
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| A great deal of British concern centred on Spanish bank Santander because of its UK arm. Many of Spain's banks are now being hit hard as their property bubble continues to deflate and bad debts mount, but Santander is a diverse group with large ... See all stories on this topic » |  This is Money |
Opinion: Benefit and Cost Tradeoffs of … – Brazilian Bubble
Posted by Brazilian Bubble | May 20th, 2012
Further, as central banks persist with QE, over time, the marginal benefits could abate, while the marginal costs rise, we suspect. At some point, the benefit-cost balance flips. We suspect the US may be approaching such a point. If we are ...
Brazilian Bubble What do you think about this?
Further, as central banks persist with QE, over time, the marginal benefits could abate, while the marginal costs rise, we suspect. At some point, the benefit-cost balance flips. We suspect the US may be approaching such a point. If we are ...
Brazilian Bubble What do you think about this?
Cracker Squire: Number of the Week: Student Loan Bubble.
Posted by Sid Cottingham | May 20th, 2012
368%: The jump since 2007 in the measure of consumer credit held by the government comprised primarily of student loans. If a student loan bubble were to pop, the government, not private banks, would be the one standing around with gum ...
Cracker Squire What do you think about this?
368%: The jump since 2007 in the measure of consumer credit held by the government comprised primarily of student loans. If a student loan bubble were to pop, the government, not private banks, would be the one standing around with gum ...
Cracker Squire What do you think about this?
The Housing Bubble Blog » The Housing Market Looms Large For …
Posted by Ben Jones | May 20th, 2012
“Here's something that pisses me off: I think banks think the area I live in is more valuable, way more valuable, than it actually is. The wishing prices on REOs, in many cases, are astronomical. Bubble pricing got so high here because everyone ...
The Housing Bubble Blog What do you think about this?
“Here's something that pisses me off: I think banks think the area I live in is more valuable, way more valuable, than it actually is. The wishing prices on REOs, in many cases, are astronomical. Bubble pricing got so high here because everyone ...
The Housing Bubble Blog What do you think about this?
Barclays Reiterates 'No Hard Landing' Call For China
Posted by Forbes | May 19th, 2012
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| On Friday, one of the biggest investment banks in the world said that China was not heading for a hard landing this year and would average 8.1% GDP growth in 2012. Economists consider a hard landing to mean consecutive quarterly growth of 7% or less. See all stories on this topic » |  Forbes |
Greek exit and Spanish loans weighs on summit
Posted by Irish Times | May 19th, 2012
While Mr Rehn said Madrid was taking very decisive action to clean up the sector, figures from the Bank of Spain showed the fallout from the housing bubble continues to escalate. Bad loans rose to 8.37 per cent of banks' outstanding loans in March, ...
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While Mr Rehn said Madrid was taking very decisive action to clean up the sector, figures from the Bank of Spain showed the fallout from the housing bubble continues to escalate. Bad loans rose to 8.37 per cent of banks' outstanding loans in March, ...
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Banks jittery after shaky start to Facebook IPO
Posted by Telegraph.co.uk | May 19th, 2012
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| Facebook's banks ended up owning 86pc of the social networking site's $16bn (£10bn) initial public offering after a lacklustre first day of trading in which shares ended marginally up on the closing price. Mark Zuckerberg rings the bell remotely to ... See all stories on this topic » |  Telegraph.co.uk |
Eurozone Debt Crisis Part 1: When Mexico was Greece and the US was Germany
Posted by Forbes | May 19th, 2012
Or is it that investing and banking are “young” businesses, with a miniscule percentage of current professionals having been around to see any financial crisis before the late-90s! And politicians have no memory, so we can leave them out of the debate.
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Or is it that investing and banking are “young” businesses, with a miniscule percentage of current professionals having been around to see any financial crisis before the late-90s! And politicians have no memory, so we can leave them out of the debate.
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For Some, Disaster Is Spelled CDS
Posted by Barron's | May 19th, 2012
... them apparently figured in the misbegotten bets by the bank's Chief Investment Office. More perniciously, credit-default swaps teamed up with mortgage-backed securities to nearly blow up the world financial system after the US housing bubble burst, ...
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... them apparently figured in the misbegotten bets by the bank's Chief Investment Office. More perniciously, credit-default swaps teamed up with mortgage-backed securities to nearly blow up the world financial system after the US housing bubble burst, ...
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Dalio's World
Posted by Barron's | May 19th, 2012
Central banks create money, essentially, and buy the assets that put money in the system for a quantitative easing or debt monetization. Unlike the first two options, this is an inflationary action and stimulative to the economy.
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Central banks create money, essentially, and buy the assets that put money in the system for a quantitative easing or debt monetization. Unlike the first two options, this is an inflationary action and stimulative to the economy.
See all stories on this topic » What do you think about this?
JetBlue Airways' Management Presents at Bank of America Merrill Lynch Global …
Posted by Seeking Alpha | May 19th, 2012
And in fact here is what you are sort of seeing is the downside of that is that when you are taking that many aircraft sort of that bubble comes through the system and so you have a fairly concentrated period of time on which the heavy checks are all ...
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And in fact here is what you are sort of seeing is the downside of that is that when you are taking that many aircraft sort of that bubble comes through the system and so you have a fairly concentrated period of time on which the heavy checks are all ...
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A federal foreclosure lecture California can do without
Posted by Los Angeles Times | May 19th, 2012
But the collapse of the housing bubble exposed a system so flawed, it led banks to foreclose on an untold number of homeowners who could have been rescued by the right kind of modification, one that saved the lender money in the long run.
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But the collapse of the housing bubble exposed a system so flawed, it led banks to foreclose on an untold number of homeowners who could have been rescued by the right kind of modification, one that saved the lender money in the long run.
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Number of the Week: Student Loan Bubble
Posted by Wall Street Journal (blog) | May 19th, 2012
If a student loan bubble were to pop, the government, not private banks, would be the one standing around with gum in its hair. Issuance of student loans has soared in recent years, hitting $867 billion at the end of 2011, according to an analysis from ...
See all stories on this topic » What do you think about this?
If a student loan bubble were to pop, the government, not private banks, would be the one standing around with gum in its hair. Issuance of student loans has soared in recent years, hitting $867 billion at the end of 2011, according to an analysis from ...
See all stories on this topic » What do you think about this?
Facebook Banker Morgan Stanley Props Up Price It Helped Boost
Posted by Bloomberg | May 19th, 2012
The bank stepped in to prop up the stock from dipping below its $38 IPO price yesterday, said people with knowledge of the matter, who asked not to be identified because the purchases were private. Morgan Stanley, based in New York, ...
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The bank stepped in to prop up the stock from dipping below its $38 IPO price yesterday, said people with knowledge of the matter, who asked not to be identified because the purchases were private. Morgan Stanley, based in New York, ...
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Resona vows early bailout payback
Posted by The Japan Times | May 19th, 2012
The bank will purchase ÂĄ450 billion of the government's preferred shares earlier than the current target of late 2015, he said. Taxpayers have injected ÂĄ3.1 trillion into Resona since 1999, when banks were saddled with bad loans after the asset bubble ...
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The bank will purchase ÂĄ450 billion of the government's preferred shares earlier than the current target of late 2015, he said. Taxpayers have injected ÂĄ3.1 trillion into Resona since 1999, when banks were saddled with bad loans after the asset bubble ...
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In European Crisis, Iceland Emerges as an Island of Recovery
Posted by Wall Street Journal | May 19th, 2012
In 2008, Iceland was the first casualty of the financial crisis that has since primed the euro zone for another economic disaster: Greece is edging toward a cataclysmic exit from the euro, Spain is racked by a teetering banking system, ...
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In 2008, Iceland was the first casualty of the financial crisis that has since primed the euro zone for another economic disaster: Greece is edging toward a cataclysmic exit from the euro, Spain is racked by a teetering banking system, ...
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Zandar Versus The Stupid: The Kroog Versus The Biggest Bubble In …
Posted by Zandar | May 19th, 2012
Right now, Greece is experiencing what's being called a “bank jog” — a somewhat slow-motion bank run, as more and more depositors pull out their cash in anticipation of a possible Greek exit from the euro. Europe's central bank is, in effect, ...
Zandar Versus The Stupid What do you think about this?
Right now, Greece is experiencing what's being called a “bank jog” — a somewhat slow-motion bank run, as more and more depositors pull out their cash in anticipation of a possible Greek exit from the euro. Europe's central bank is, in effect, ...
Zandar Versus The Stupid What do you think about this?
The lingering legacy of the shadow inventory – Dr. Housing Bubble …
Posted by drhousingbubble | May 19th, 2012
Yet many areas including many cities in California are still in micro-bubbles. The comparison with Japan is apt in the following ways: -Quantitative easing and major central bank action to keep interest rates artificially low after a housing bubble ...
Dr. Housing Bubble Blog What do you think about this?
Yet many areas including many cities in California are still in micro-bubbles. The comparison with Japan is apt in the following ways: -Quantitative easing and major central bank action to keep interest rates artificially low after a housing bubble ...
Dr. Housing Bubble Blog What do you think about this?
As its banking woes mount, Spain ponders where to go from here
Posted by Christian Science Monitor | May 18th, 2012
What do you think about this?
| 4 bank is also Spain's crisis. It's rooted in the bursting real estate bubble in 2008, declining economic growth at home and globally, and unemployment that has hit 24 percent. Government efforts to reform banks' questionable practices were ... See all stories on this topic » |  Christian Science Monitor |
Stocks fall on Europe worries; Facebook debuts
Posted by The Seattle Times | May 18th, 2012
By JOSHUA FREED AP Business Writer "Shtadt da bubble macheen !" Lawrence Whelk (May 18, 2012, by George Seldes) MORE "Europe worries" The media's constant defense of this administration is... (May 18, 2012, by Smitty the clown) MORE ""Shtadt da bubble ...
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By JOSHUA FREED AP Business Writer "Shtadt da bubble macheen !" Lawrence Whelk (May 18, 2012, by George Seldes) MORE "Europe worries" The media's constant defense of this administration is... (May 18, 2012, by Smitty the clown) MORE ""Shtadt da bubble ...
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Avoid the Banking Sector
Posted by Cabot Wealth Advisory | May 18th, 2012
With good reason too—it's a massive loss from a bank that many have seen as a “safe haven” for the past few years. JPMorgan came out of the 2008 financial crisis with a surplus of money, and to now see something like this happen is making a lot of ...
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With good reason too—it's a massive loss from a bank that many have seen as a “safe haven” for the past few years. JPMorgan came out of the 2008 financial crisis with a surplus of money, and to now see something like this happen is making a lot of ...
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EUR struggling after Spanish bank downgrades
Posted by FX-MM | May 18th, 2012
House prices in China declined for the seventh straight month in April, according to latest data from the National Bureau of Statistics as anti-speculative measures initiated in early-2010 continue to deflate the threatening property bubble.
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House prices in China declined for the seventh straight month in April, according to latest data from the National Bureau of Statistics as anti-speculative measures initiated in early-2010 continue to deflate the threatening property bubble.
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This Is Crazy! Bring Back Glass-Steagall!
Posted by Business Insider | May 18th, 2012
That opened the flood gates to behavior similar to what took place in the 1920's leading up to the 1929 stock market bubble and subsequent crash. Banks established or acquired brokerage firms, launched their own mutual funds, invested in and backed ...
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That opened the flood gates to behavior similar to what took place in the 1920's leading up to the 1929 stock market bubble and subsequent crash. Banks established or acquired brokerage firms, launched their own mutual funds, invested in and backed ...
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Deals of the Day: Jamie Dimon's Blunder
Posted by Wall Street Journal (blog) | May 18th, 2012
By Stephen Grocer Deals of the Day compiles this morning's biggest news about mergers and acquisitions, banking, bankruptcy and more. Catch us on Twitter, @WSJDealJournal. Inside JP Morgan's blunder: James Dimon personally approved the concept behind ...
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By Stephen Grocer Deals of the Day compiles this morning's biggest news about mergers and acquisitions, banking, bankruptcy and more. Catch us on Twitter, @WSJDealJournal. Inside JP Morgan's blunder: James Dimon personally approved the concept behind ...
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China's wobbly transition
Posted by Washington Post | May 18th, 2012
Perhaps when Chinese leaders began to speak over the past several years about a new “Beijing Consensus” and the triumph of the “China Model,” that was a warning that the bubble was about to burst. And we're seeing that hubris play out now, ...
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Perhaps when Chinese leaders began to speak over the past several years about a new “Beijing Consensus” and the triumph of the “China Model,” that was a warning that the bubble was about to burst. And we're seeing that hubris play out now, ...
See all stories on this topic » What do you think about this?
Gold Remains in a Long Term Uptrend! And; A JP Morgan Debacle in the Making?
Posted by Gold Seek | May 18th, 2012
The chart does not show that gold is in a bubble, as some love to claim. If there is a bubble it is in debt and derivatives and the still over-leveraged banking sector. Gold is a small market. At current prices all the gold in the world is worth only ...
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The chart does not show that gold is in a bubble, as some love to claim. If there is a bubble it is in debt and derivatives and the still over-leveraged banking sector. Gold is a small market. At current prices all the gold in the world is worth only ...
See all stories on this topic » What do you think about this?
Credit Card Protection Plans Draw State Lawsuits, Federal Scrutiny
Posted by Fox Business | May 18th, 2012
Hawaii in April 2012 filed a suit claiming that Bank of America, Barclays, Capital One, Chase, Citi, Discover and HSBC all billed cardholders for payment protection and other products that they didn't request or that didn't provide the promised ...
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Hawaii in April 2012 filed a suit claiming that Bank of America, Barclays, Capital One, Chase, Citi, Discover and HSBC all billed cardholders for payment protection and other products that they didn't request or that didn't provide the promised ...
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China ETFs In Focus: FXI, GXC, And PEK
Posted by Seeking Alpha | May 18th, 2012
Recent statistics on industrial growth have fallen much more than expected. Property speculation has created what many describe as a bubble. The Peoples Bank of China (PBOC) has increased bank reserve requirements to stem speculation.
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Recent statistics on industrial growth have fallen much more than expected. Property speculation has created what many describe as a bubble. The Peoples Bank of China (PBOC) has increased bank reserve requirements to stem speculation.
See all stories on this topic » What do you think about this?
Stock Downgrades: Bank of Ireland Struggles to Stay in Green
Posted by Minyanville.com | May 18th, 2012
During the millennial madness of the Internet bubble, its shares once rose 330% in a single day, to $51.8125. They now stand at $1.98, something to think about as Facebook (FB) parties like it's again 1999 this morning. The G8 summit starts today at ...
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During the millennial madness of the Internet bubble, its shares once rose 330% in a single day, to $51.8125. They now stand at $1.98, something to think about as Facebook (FB) parties like it's again 1999 this morning. The G8 summit starts today at ...
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Why Ignorance Causes Recessions
Posted by The motley Fool (blog) | May 18th, 2012
The most recent economic recession caused by the massive American housing bubble sent reverberations worldwide and almost caused the collapse of the financial industry and the auto industry. What strikes me more than anything that has happened recently ...
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The most recent economic recession caused by the massive American housing bubble sent reverberations worldwide and almost caused the collapse of the financial industry and the auto industry. What strikes me more than anything that has happened recently ...
See all stories on this topic » What do you think about this?
Chill out about the debt bubble?
Posted by New Statesman (blog) | May 18th, 2012
Ben Broadbent of the Bank of England's MPC makes a similar case. Higher debt is essentially about mortgages and it reflects rising house prices (let's leave to one side for now the fact that rising debt and assets signifies a big transfer between the ...
See all stories on this topic » What do you think about this?
Ben Broadbent of the Bank of England's MPC makes a similar case. Higher debt is essentially about mortgages and it reflects rising house prices (let's leave to one side for now the fact that rising debt and assets signifies a big transfer between the ...
See all stories on this topic » What do you think about this?
China's Recent Credit Boom: Five ETFs For A China Bank Bubble (FXI, CHIX, YXI …
Posted by ETF Daily News | May 18th, 2012
What do you think about this?
| A recent article fromThe Economist takes a closer look at the health of the Chinese banking system, revealing some concerning insights that may have investors scrambling for safety in the foreseeable future. The Asian economic giant appears to be ... See all stories on this topic » |  ETF Daily News |
Brazil Seeks To Drum Up Auto Loans To Spur Vehicle Sales -Report
Posted by Wall Street Journal | May 18th, 2012
The Brazilian government may ease some of the restrictions it imposed on auto lending at the end of 2010, when there were concerns that a credit bubble of sorts was starting to emerge. About 70% of vehicle sales in Brazil are paid for with borrowed ...
See all stories on this topic » What do you think about this?
The Brazilian government may ease some of the restrictions it imposed on auto lending at the end of 2010, when there were concerns that a credit bubble of sorts was starting to emerge. About 70% of vehicle sales in Brazil are paid for with borrowed ...
See all stories on this topic » What do you think about this?
Spain to name banking sector auditors
Posted by Aljazeera.com | May 18th, 2012
What do you think about this?
| The figures, released hours after a mass bank downgrade by credit ratings agency Moody's, showed losses from loans made in Spain's housing bubble were still rising. Troubled banks, along with overspending in indebted regions, are the two biggest risks ... See all stories on this topic » |  Aljazeera.com |
Moody's Downgrades Spanish Banks; Robust Gold Demand in Asia
Posted by Gold Seek | May 18th, 2012
This is just days after Moody's downgrade of 26 Italian banks on Monday. Spain's banks like those in other EU countries (PIIGS) have been left with a sea of bad loans after the real estate bubble burst and investors see a state bailout as extremely ...
See all stories on this topic » What do you think about this?
This is just days after Moody's downgrade of 26 Italian banks on Monday. Spain's banks like those in other EU countries (PIIGS) have been left with a sea of bad loans after the real estate bubble burst and investors see a state bailout as extremely ...
See all stories on this topic » What do you think about this?
The Housing Bubble Blog » Paying More Is Par For The Course
Posted by Ben Jones | May 18th, 2012
This winter, banks were offering mortgages for less than 3 percent, making house prices more affordable for many buyers.” “'For every extra $50000, they're only ... 'Their bubble has popped,' said Cheng. 'Now they're looking to diversify their ...
The Housing Bubble Blog What do you think about this?
This winter, banks were offering mortgages for less than 3 percent, making house prices more affordable for many buyers.” “'For every extra $50000, they're only ... 'Their bubble has popped,' said Cheng. 'Now they're looking to diversify their ...
The Housing Bubble Blog What do you think about this?
What Do We Know About The New Fed Board Members' Views on Monetary Policy?
Posted by Slate Magazine (blog) | May 18th, 2012
He did make some comments (PDF) in response to an Alan Greenspan paper back in 2010 that while mostly focused on the id regulate bank leverage more stringently suggested briefly that ultra-low interest rates circa 2004 contributed to the housing bubble ...
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He did make some comments (PDF) in response to an Alan Greenspan paper back in 2010 that while mostly focused on the id regulate bank leverage more stringently suggested briefly that ultra-low interest rates circa 2004 contributed to the housing bubble ...
See all stories on this topic » What do you think about this?
Banks' rising bad loans add to Spanish troubles
Posted by Reuters | May 18th, 2012
The Bank of Spain figures, released hours after a mass bank downgrade by credit ratings agency Moody's, showed losses from loans made in Spain's housing bubble are still rising. Troubled banks, along with overspending in indebted regions, ...
See all stories on this topic » What do you think about this?
The Bank of Spain figures, released hours after a mass bank downgrade by credit ratings agency Moody's, showed losses from loans made in Spain's housing bubble are still rising. Troubled banks, along with overspending in indebted regions, ...
See all stories on this topic » What do you think about this?
