U.S. stock index futures are down more than 1% in the opening moments of Sunday trade as the debt talks have yet to produce a deal. The dollar is -0.75% vs. the swiss franc, marginally lower vs. the yen, and slightly higher against the euro. [View news story]
Reagan raised the debt limit 17 times....Bush raised it 7 times....there is plenty of hypocrisy to go around....
Lies, damn lies and statistics... In 1980, the BLS changed the way it calculated CPI inflation. Using the reporting methodologies in place before that year, inflation hit an annual rate of 9.6% in February, according to the Shadow Government Statistics newsletter. The "official" annualized number for the month was 2.1%; March results come out this Friday. [View news story]
Better yet demand a raise from your boss...since wage demands are increasing...
You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails." [View news story]
Bernanke...the vessel for all the anger...what a joke....Pssst....he saved us from a depression which some want to happen so they can say I told so...
Wells Fargo (WFC) and BofA (BAC) say they may face $1.5B and $1.2B of losses respectively in excess of their litigation reserves. But Citigroup (C) takes the cake, warning it could face as much as $4B more in losses from litigation related to the mortgage meltdown and financial crisis. (see also) [View news story]
Mortgage-Title Fraud: A National Catastrophe [View article]
"any U.S. home which has been bought / sold more than once in the last five years, and any / every home with a mortgage tied to one of these fraud-factories cannot be trusted when it comes to being able to purchase “clear title”.
"This one's on you Ben," writes David Schawel, not blaming the Chairman for the JPM failure, but for creating an environment in which investors (including banks) have no alternative but to seek out risk to get returns. Another example: The explosion in AUM at mortgage REITs which use high leverage to generate returns. "These will blow up at some point." [View news story]
Ridiculous.....Bernanke deserves the Medal of Freedom....you forgot to blame him for the bad weather too...
The economy and stock market still have some friends, such as Goldman Sachs' Jan Hatzius, who believes the U.S. is "years away" from the next recession. "The unemployment rate is still 9%, we're nowhere close to a really tight labor market that usually predicates a recession, so I think we're still be in a recovery for a few years." That's one way of looking at it; here's another. [View news story]
U.S. stock index futures are down more than 1% in the opening moments of Sunday trade as the debt talks have yet to produce a deal. The dollar is -0.75% vs. the swiss franc, marginally lower vs. the yen, and slightly higher against the euro. [View news story]
hypocrisy to go around....
James Altucher: "Why I would rather shoot myself in the head than own a home." For starters, "Leveraging up 400% in an illiquid investment with no diversification is a scary concept to me and should be to any rational person." [View news story]
Here's What You Bailed Out: Bank of America, $850 Billion [View article]
"$9 trillion in valuation loss "
What a joke...
Here is a hint read Page 143 and 147 of the recent 10Q....it's
too bad I had to do the homework for you....
Bernanke has gotten a lot of grief for his confidence that any recent inflation is "transitory." (I, II, III) But after this week's commodities rout and the latest jobs data showing no wage pressures at all, ol' Ben's starting to look pretty good, isn't he? [View news story]
Lies, damn lies and statistics... In 1980, the BLS changed the way it calculated CPI inflation. Using the reporting methodologies in place before that year, inflation hit an annual rate of 9.6% in February, according to the Shadow Government Statistics newsletter. The "official" annualized number for the month was 2.1%; March results come out this Friday. [View news story]
You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails." [View news story]
can say I told so...
Wells Fargo (WFC) and BofA (BAC) say they may face $1.5B and $1.2B of losses respectively in excess of their litigation reserves. But Citigroup (C) takes the cake, warning it could face as much as $4B more in losses from litigation related to the mortgage meltdown and financial crisis. (see also) [View news story]
Mortgage-Title Fraud: A National Catastrophe [View article]
tahe a deep breath....and chill
Goldman Sachs: The Tip of the Iceberg [View article]
Wow! 57% of the 4,518 people who participated in Calculated Risk's Economic Outlook for 2010 poll expect a double-dip recession in 2010. [View news story]
"This one's on you Ben," writes David Schawel, not blaming the Chairman for the JPM failure, but for creating an environment in which investors (including banks) have no alternative but to seek out risk to get returns. Another example: The explosion in AUM at mortgage REITs which use high leverage to generate returns. "These will blow up at some point." [View news story]
The economy and stock market still have some friends, such as Goldman Sachs' Jan Hatzius, who believes the U.S. is "years away" from the next recession. "The unemployment rate is still 9%, we're nowhere close to a really tight labor market that usually predicates a recession, so I think we're still be in a recovery for a few years." That's one way of looking at it; here's another. [View news story]
Bernanke has gotten a lot of grief for his confidence that any recent inflation is "transitory." (I, II, III) But after this week's commodities rout and the latest jobs data showing no wage pressures at all, ol' Ben's starting to look pretty good, isn't he? [View news story]
Get Ready for Another 'Sell in May and Go Away' Year [View article]
You underestimate the amount of underperformance you get in the
the " little too soon" arena....
Initial Jobless Claims: +27K to 412K vs. 385K consensus. Continuing claims -58K to 3,680,000. [View news story]
4/09/11 443503
4/10/10 514136
4/11/09 610512
4/09/05 339709