Conditions for corporates are getting worse

Could it be that the worst of the financial crisis is over, but that the worst of the economic crisis has yet to come?
Markit Research is out with their latest credit conditions survey and the results show that conditions now are tighter than they were a year ago except for Germany.
Look out for Spain and Russia.

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Money for eveybody...

YRC Worldwide Inc is neither a bank nor a financial institution. In fact: it’s a truck company. One of the biggest in the States. This trucker is looking for TARP money to the tune of 1 bln USD.
That’s a lot of money for a private company. The reason? The government is asked for help in order to relieve pension obligations.
We know the pension situation in the US is a sort of mess after a decade of rampant speculation in all different kind of markets.
But begging for a federal bailout is one step further. More money will be printed, if the government steps up here.

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