The UK public has had to learn some new terminologies in the last year or so.
They discovered (the hard way) what subprime mortgages were, and how they were about to burst the bubble of their credit dependant lives.
They have had to learn what a “credit crunch” is and how it will affect them.
They have learned about negative equity and foreclosure, inflation, deflation, what it takes to be declared a recession among many others.
And they have learned the names of some of the major banks in the United States, Fortunately before they got to say goodbye to them forever. At least in their existing form. The first and most famous bank that we got to know was Bear Sterns of Manhattan whose cry of “help, I’m drowning” signaled the official start of the subprime mortgage crisis in March 2007. After Bear Stearns were bought out of impending liquidation for around 20% of their book value, a number of smaller and less glamorous regional banking groups followed suit.
However the biggest upset was when Fannie Mae and Freddie Mac, the two massive mortgage underwriters began to show major signs of distress. Till their names began to hit the press, the average British man in the street probably thought that they were characters from the Beverley Hillbillies.
Today, another name has been added to list of US banks who are tottering on the brink of insolvency and about to fall. The name is Lehman Brothers, a US investment bank who will need to find a buyer, and pretty soon, before they too disappear from the scene. Lehman Brothers have been trading since the mid nineteenth century, with a strong record for conservative banking. Like so many other banks in the US, they couldn’t turn their backs on the massive profits seemingly being earned from financing subprime mortgage packages, and they now look like paying the ultimate penalty for it.
And how does this affect the UK consumer? The answer is, not a lot, except for the fact that Barclays Bank is one of the leading contenders to pick up the bank for a song.
What it does tell the UK consumer is that the script for the current global financial crisis is still being written, and nobody is really able to predict what is going to happen in the end.
The man in the street is more concerned about how his family can manage to survive on their consistently eroding salary, keep a roof over their heads, and food on the table. Not proving to be an easy task these days. Among those fighting for survival are those who invest all their energies in keeping their costs down to a minimum, whilst others adopt a different approach. To discover innovative, low risk, not labour intensive means of earning extra income to keep ahead of the recession. One of them is sports arbitrage investment.
This money maker is as far from gambling as could be imagined. Instead it is a foolproof form of trading which is a guaranteed money maker whilst being entirely risk free. And is even recognized by the UK government as such.
The system was initially explained by Rajeev Shah in his book ‘Sports-Arbitrage - How To Place Riskless Bets & Create Tax-Free Investments’ Rajeev, who gained his basic experience of arbitrage as a dealer in the city discovered a method of applying the principles to sports betting that can guarantee 12% return on investment. Not every year but every month. All that is required is some basic knowledge of computers and a broadband connection.
The introduction of this cutting edge software program opens the door to anyone to earn these profits. ArbAlarm is programmed to constantly monitor, recognize and alert players to a particular situation that occurs fairly frequently. This is a situation where online bookmakers fix the odds on any kind of sporting event. And they are taking place all around the World and around the clock.
ArbAlarm picks up immediately events where the odds set by two bookmakers vary sufficiently that it is possible to arbitrage between the possibilities offered so that a guaranteed profit will occur. The ArbAlarm software never sleeps or rests. Instead it scans the web around the clock, looking for these possibilities.
Sports arbitrage investment and Lehman Brothers live in two different worlds of finance. Yet it looks very much like Rajeev Shah and ArbAlarm will be around long after Lehman Brothers are history.
Tags: UK News