I think so. But Gerry Sullivan at Seeling Alpha has a different take.
Secondly, GM has lost about $69 per share in the last 3 years. That loss is very valuable. It may be a record for any American corporation. Someone will want that corporate shell… »
Paul Krugman penned a piece today telling us that all of the inflation scare talk is really just politically motivated so the Obama admin will stop its effort to “rescue the economy” - as Krugman puts it.
He begins by making the case that there is… »
Well, the place is lousy with optimists these days. The Stress Tests have been released - although I’m highly skeptical of them simply because they grossly understated the derivatives risk… »
Minyan Brandine Rife says that a good tell on the economy is the high yield bond spread over treasuries.
As you can see, since early March, Corporate Investment Grade (subjective, but… »
According to Bloomberg 10 of the 19 stress tested banks will need additional capital to weather the storm.
he Federal Reserve plans to deliver results of stress tests on U.S. banks… »
AS my regular readers know, I’ve been warning about inflation being a problem at some point in the future. I don’t know if I’ve written about it, but I also… »
From AFP:
China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday.
China has the world’s largest foreign… »
There’s soon to be a new search in town named Wolfram Alpha that is the internet’s first foray into artificial intelligence.
The real innovation, however, is in its ability to work… »
Greetings,
There’s a lot of optimism out there. Personally I really appreciated a break from endless bad news - or at least less bad news than what we had for the… »
I’ve taken a whippin’ on Burlington Northern (NYSE BNI) over tha last year. When it became known that Warren Buffet was buying big chunks of the railroad I followed. since… »
There’s and interesting post about wind energy at The Infrastructurist that points to the fatal flaws of wind power. He references an article published in Insights, an energy journal, by… »
As I’ve said before, this bailout business is complicated:
April 24 (Bloomberg) — The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets… »
The Second Derivative test, if you’ll recall your calculus, is a criterion to see if a given stationary point of a function is either a local maximum or a local… »
We’ve seen the market rally back to its post March 9th highs and, as always, the question remains if we’re actually in a new bull market or if this is… »
BofA chief Ken Lewis believes he was told by Ben Berneanke and hank Paulson to keep quiet to shareholders about the deteriorating condition of Merill Lynch:
Lewis testified in February to… »
Brace yourselves for GM’s bankruptcy proceedings. Hers’s what ClusterStock has to say:
Members of the Treasury’s auto task force have held a series of calls with the company to prepare for… »
Eric Falkenstein of Clusterstock argues that leverage was not the cause of the financial crises. Here are the money quotes:
Anyway, Posner’s book A Failure of Capitalism goes over the latest… »
The very same banks that the Treasury is holding hostage with refusing to take back TARP money is playing regular hard-ball when it comes to lending.
A group of the U.S.’s… »
And he’s calling this a “sucker’s rally.”
The emerging consensus among economists is that growth next year will be close to the trend rate of 2.5 per cent.
Investors are talking of… »
From Bloomberg:
Coca-Cola Co. is using micro-dosing technology from drugmakers, a smart phone operating system from Microsoft Corp. and style tips from Italian auto designers in its latest attempt to revive… »
Moody’s has decided that it’s too much work to actually rate individual cities and assigned a “negative outlook” to each of the 52,000 municipalities of the U.S. of A.
On Tuesday,… »
Via Marginal Revolution:
Andrew Ross Sorkin has been digging around in the FDIC’s charter, and has discovered that it is barred from incurring any obligation greater than $30 billion. Which is… »
Via Clusterstock are the five propsosed uptick rules:
The SEC’s five member governing panel approved five different short-selling proposals today. They will not be put out for a 60-day public comment… »
There’s an old saw amongst traders about analysts that goes: “In a bull market you don’t need them. In a bear market you don’t want them.”
I bring this up because… »
The first Dow component to report in the season (NYSE AA) missed even their lowered expectations:
Alcoa (AA Quote - Cramer on AA - Stock Picks) reported a first-quarter loss and… »
Lloyd Blankfein is all on board for new regulatory rules. Of course we know that capitalists really do hate competition and now that GS is the last man standing in… »
Mario Rizzo has a terrific piece on why the current economic policies will only prolong the… »
From ClusterStock:
Consumer credit plunged far faster than expected in February, with Americans taking on far less credit card debt. Credit card debt fell at an annual rate of $7.8 billion,… »
If you don’t think so look at this:
Treasury will wait until after first-quarter earnings season to release results in order to soften impact on stocks.
Seems a little ironic that, on… »
CNBC reported that the TALF auctiion so far had abuot $2.3B in bids. This is way lower than what the Fed had hoped for and highlights the big freeze in… »
From Reuters:
General Motors Corp is in “intense” and “earnest” preparations for a possible bankruptcy filing, a source familiar with the company’s plans told Reuters on Tuesday.
A plan to split the… »
By way of The Business Insider:
Paul Kasriel of Northern Trust was way ahead of the curve in spotting the downturn. In the past month or so, he’s turned more bullish,… »
I don’t know if I agree that investors will chase bank values through higher capital ratios (maybe that’s wishful thinking on my part given the schnitz of exposure I put… »
140 years of the S&P
Now, remember that the actual stocks in the index change all the time. But I think it’s directionally correct.
If I could just get someone to tell… »
Just like most of the stuff on this site, they’re worth what you paid for ‘em. It’s nice, though, to see some smart guys thinking positively .
Doug Cass
James Kostohryz
Just for… »
Mike Mayo, a solid banking analyst says it’s time to dump banks
U.S. stocks dropped after Mayo gave “sell” ratings to banks including Winston-Salem, North Carolina-based BB&T Corp. and Cincinnati’s Fifth… »
I think so, but hey, I’ve been wrong plenty of times before. Jeff Saut thinks the market is over-bought:
The call for this week: So far, the buying stampede is still… »
Ford (NYSE F) is up over 8% today on the news that they have “paid” $9.9 billion in debt. But there’s a lot more to the deal than meets the… »
Mike “Mish” Shedlock reports this about Chicago’s Hancock Building:
The firms initiated foreclosure after the Hancock’s previous owner, Broadway Partners of New York, defaulted on some of the loans it used… »
H/T 2 Helena… »
It the start of the quarterly reporting season and the results will impact the psychology of the market to a greater extent than in more normal times. To borrow from… »
There’s an article that will help put the U.S. debt problem in perspective at The Business Insider.
I think this is important for everyone to understand. The amount of debt… »
Most individuals who have modest portfolios are invested in open-end mutual funds (OMFs.) If these investments are inside a 401K or a 503B there is often times not much that… »
