August 2009
Link-a-palooza
Some Analysts See an End to Market Rally
NY Times
08/31/2009 06:30 AM
Can Rally Run Without Revenue?
WSJ
08/31/2009 06:47 AM
Raft of Deals for Failed Banks Puts U.S. on Hook for Billions
WSJ
08/31/2009 04:53 AM
Cautiously, Private Equity Looks for Exits
WSJ
08/31/2009 05:07 AM
Bond Market Eyeing 10% Jobless Rate Rejects Recovery
Bloomberg
08/31/2009 04:58...
Fifth Beer...Outlook Improves. Go figure...
From The Onion:
WASHINGTON—Despite ongoing economic woes and a jobless rate that has been approaching 10 percent, U.S. unemployment projections drastically improved Monday after the consumption of five beers.
It’s going up,” leading economist David Singleton said confidently, indicating the predicted growth in jobs with an upward wave of a Bud Light bottle. “All the way up. By...
Blood for oil...Classy
Lockerbie bomber ‘set free for oil’ Leaked ministerial letters: ‘In the overwhelming interests of the United Kingdom’ —London Sunday Times
Factoids...
1. Mobile phones replace alarm clocks. 2. 158 million U.S. Internet users watched online video in July, the largest audience ever recorded. Online video reached another all-time high in July with a total of 21.4 billion videos viewed during the month. 3. Toyota to Close Union Plant in California, the first time Toyota has ever closed a U.S. plant.
Link-a-palooza
FDIC to Ratchet Up Scrutiny of Newly Chartered Banks
Washington Post
Irwin
08/29/2009 05:52 AM
FDIC steps up scrutiny of new banks
FT
08/29/2009 05:45 AM
Investors in Cerberus Seek to Pull $5.5 Billion
NY Times
08/29/2009 05:44 AM
China Investment Investing Billions in Hedge Funds
Bloomberg
08/29/2009 04:04 PM
China’s CIC wealth fund muscles up as markets...
The sun has been blank of official sunspots for 50...
This week's butcher's bill...
From the FDIC: Manufacturers and Traders Trust Company, Buffalo, New York, Assumes All of the Deposits of Bradford Bank, Baltimore, Maryland
Bradford Bank, Baltimore, Maryland, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. … As of June 30, 2009, Bradford Bank had total assets of $452 million and total...
Link-a-palooza
Leverage Rising on Wall Street at Fastest Pace Since ‘07 Freeze
Bloomberg
08/28/2009 08:33 AM
Regulating Derivatives Is Accepted After Crisis, Gensler Says
Bloomberg
08/28/2009 08:23 AM
‘Blood Oath’ Sealed Stanford Deal, Court Is Told
NY Times
08/28/2009 08:25 AM
Economic gloom mounts in Japan
FT
08/28/2009 08:27 AM
Japan’s Jobless Rate Hits Record 5.7% in Blow to...
PEAK WATER →
This will end badly...
This doesn’t look good:
Bank of America, Citigroup, Fannie Mae and Freddie Mac have accounted for more than 40pc of all trading on the New York Stock Exchange so far this week
Link-a-palooza
Agency that insures bank deposits may need help
AP
08/27/2009 04:52 AM
FDIC Sets Standards for Private-Equity Firms to Buy Shut Banks
Bloomberg
08/26/2009 04:39 PM
Dollar Risks Falling Through ‘Established Lows,’ Goldman Says
Bloomberg
08/27/2009 05:01 AM
Buy-out firms face tougher capital conditions
FT
08/27/2009 04:17 AM
S&P 500 Approaches 200-Month Moving...
If my count is correct, the current spotless...
A Grand Unified Theory of Market Manipulation →
Link-a-palooza
US says debt outlook worsening
FT
08/25/2009 04:50 PM
Dealers Tear Up $16 Billion Thomson Debt Swaps, TriOptima Says
Bloomberg
08/26/2009 05:00 AM
China’s Growth May Exceed 10% in Early 2010, Ba Says
Bloomberg
08/26/2009 05:14 AM
German Business Confidence Rises More Than Forecast
Bloomberg
08/26/2009 04:17 AM
Canada Retail Space Increasing at Record Pace During...
“Fed Audit Would Be Problematic For The Country”
– Tim Geithner
I bet it would.
Link-a-palooza
Bloomberg
08/25/2009 05:04 AM
Gold ‘Deja Vu’ Shows Advance Above $1,000: Technical Analysis
Bloomberg
08/25/2009 04:43 AM
Taylor, Bean & Whitaker Files Chapter 11 Bankruptcy
Bloomberg
08/24/2009 02:01 PM
China’s Capital Tightening Plan May Cut Lending by $102 Billion
Bloomberg
08/25/2009 04:45 AM
China Construction Bank Sees Asset Bubbles Due to Excess Cash
...
All the President’s Zombies by Paul Krugman →
Beware the China Bubble
The following is from the South China Morning Post:
The A-share market is collapsing again, like many times before. It takes numerous government policies and “expert” opinions to entice ignorant retail investors into the market but just a few days to send them packing. As greed has the upper hand in Chinese society, the same story repeats itself time and again.
A stock market bubble is a...
“Remember, that credit is money.”
– Benjamin Franklin
Link-a-palooza
Central Bankers Warn Recovery Shouldn’t Delay Tougher Oversight
Bloomberg
08/24/2009 04:14 AM
The Man Who Sells America’s I.O.U.’s
NY Times
08/24/2009 04:21 AM
Appetite returning to US muni bond market
FT
08/24/2009 04:19 AM
Asia’s Recovery Highlights China’s Ascendance
NY Times
08/24/2009 04:20 AM
China to keep policy loose as economy faces new woes
Reuters
...
No Recovery, Not Now...Not Ever
by Bill Bonner Ouzilly, France
That we live in an age of miracles has become common knowledge. A man may sit on a beach near Sydney, with nothing but the bucket bottom of the universe over his head, and still carry on a casual conversation with an Eskimo near the North Pole. Using an Internet-based phone service, he may do so at negligible cost. If this were not miracle enough, he may now grow...
I report, you decide..
Cash for Clunkers: Dumbest Program Ever?
Posted by Chris Edwards, Cato Inst.
As the Cash for Clunkers program begins to wind down, I nominate it as the dumbest government program ever. Here is what the program will have accomplished:
A few billion dollars worth of wealth was destroyed. About 750,000 cars, many of which could have provided consumer value for many years, were thrown in the trash....
This weeks butcher's bill
From the FDIC: Stearns Bank, National Association, St. Cloud, Minnesota, Assumes All of the Deposits of ebank Atlanta, Georgia
ebank, Atlanta, Georgia, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. … As of July 10, 2009, ebank had total assets of $143 million and total deposits of approximately $130...
Link-a-palooza
Small Investors Face Big Hit in ETF Push
WSJ
08/22/2009 09:54 AM
Auction-Rate Yard Sale
WSJ
08/22/2009 09:53 AM
Banco do Brasil May Double Loans to Individuals
Bloomberg
08/22/2009 06:11 AM
12 million jobseekers in China won’t find work
AP
08/22/2009 05:55 AM
China Construction Bank’s Profit Beats Forecasts
Bloomberg
08/22/2009 05:50 AM
Obama to raise...
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of...”
– Winston Churchill
Link-a-palooza
Souring Prime Loans Compound Mortgage Woes
WSJ
08/21/2009 04:57 AM
Stiglitz Sees Risk to Dollar, Need for Reserve System
Bloomberg
08/21/2009 04:21 AM
F.D.I.C. Seeks to Attract More Buyers of Banks
NY Times
08/21/2009 04:17 AM
Emerging Market, China Fund Outflows Surge, EPFR Says
Bloomberg
08/21/2009 05:10 AM
China Said to Plan Rules Tightening Capital of Banks
...
Link-a-palooza
FDIC May Add to Special Fees as Mounting Failures Drain Reserve
Bloomberg
08/20/2009 04:53 AM
Derivatives Proposal Is Too Soft, Regulator Says
Washington Post
08/20/2009 04:20 AM
Names Deal Cracks Swiss Bank Secrecy
NY Times
08/20/2009 04:15 AM
Hoenig Stirs Debate on Bank Failures as Fed Forum Convenes
Bloomberg
08/20/2009 04:12 AM
Dollar-Yen Borrowing Cost Spread...
Replay of 1930? →
Link-a-palooza
Bond issuance bursts through $1,000bn
FT
08/18/2009 04:49 PM
Pimco Says Dollar to Weaken as Reserve Status Erodes
Bloomberg
08/19/2009 04:37 AM
In Appraisal Shift, Lenders Gain Power and Critics
NY Times
08/19/2009 04:13 AM
Buffett Says U.S. Federal Debt Poses Risks to Economy, Dollar
Bloomberg
08/19/2009 04:10 AM
FINRA, SEC Warn Retail Investors About Investing in...
WatchWilliam Black, an economics and law at the University of Missouri, Kansas City.
In this lecture, he examines a wealth transfer from the middle classes to the financial elites.
Link-a-palooza
Gold Rebounds From Biggest Drop This Month as Dollar Weakens
Bloomberg
08/18/2009 04:57 AM
Pre-Markets
CNBC
08/18/2009 04:15 AM
Treasuries Drop Before Report That May Show Home Starts Rose
Bloomberg
08/18/2009 04:56 AM
Euro Extends Gain Against Dollar as German Sentiment Index Jumps
Bloomberg
08/18/2009 04:50 AM
Oil rises above $67 amid mixed economic signals
AP
...
A novel approach...
From long and short capital:
How to Cure Station Casinos: Gamblex by Johnny Debacle
Running this company has failed and the company has filed for bankruptcy protection. It’s time for management to roll the dice. Literally. They need to take their entire capex budget to the craps table and bet it on the Six to Win. Or better yet the No Pass Line. I don’t get why they haven’t thought of this. It’s...
Link-a-palooza
Stock futures signal sharp drop after Asia selloff
Reuters
08/17/2009 04:13 AM
Pre-Markets
CNBC
08/17/2009 04:10 AM
Chinese stocks tumble 5.8 pct on policy jitters
AP
08/17/2009 04:11 AM
European, Asian Stocks Fall on Japan Economy; U.S. Futures Drop
Bloomberg
08/17/2009 04:07 AM
Oil falls below $66 on weak US consumer confidence
AP
08/17/2009 04:09 AM
Gold...
“While the crash only took place six months ago, I am convinced we have now...”
– Herbert Hoover, May 1, 1930 