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Josh ODonnell

Josh ODonnell
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  • Feb. Nonfarm Payrolls: -36K vs. -75K expected, -26K in January (revised from -20K). Unemployment 9.7% vs. 9.8% expected, 9.7% prior. Avg. hourly earnings +$0.03 to $18.93. Overall workweek -0.2 hr. to 33.1.  [View news story]
    Mar 5, 2010. 09:04 AM | Likes Like |Link to Comment
  • Regulators close a Commerce Bank in Fort Myers, Fla. - the year's 124th bank failure - at an estimated cost to the Deposit Insurance Fund of $23.6M.  [View news story]
    Not true at all. Even though over 1300 banks collapsed during the S&L crisis, the size of the banks today overweigh the amount of banks that collapsed in the 80's...(there is a bank crisis..a huge one.) Some of the largest institutions are going bankrupt, and this outweighs the severity of the 1300 banks that failed in the 80's...

    On Nov 21 08:06 AM Tack wrote:

    > There were over 1300 banks and S&L's closed or otherwise liquidated
    > during the S&L crisis. The latest financial downturn has seen
    > less than 25% of that number, to date. It does not appear that we'll
    > get anywhere near that number, or even half.
    > Increasingly, the media and Internet conspire to make Americans "feel"
    > that things are much worse than they are. This cripples the ability
    > of many to make sensible investment decisions, but provides opportunities
    > for those that can focus on facts, rather than emotions.
    Nov 21, 2009. 03:49 PM | 2 Likes Like |Link to Comment
  • Don't expect the bank shakeout to get any better, Colin Barr writes, raising the possibility that a few thousand more banks could go away in the next few years.  [View news story]
    1,000? Thats it? We have over 8000 banks in this country. I was hoping for more than just 1, about ALL OF THEM. Banks are corrupt businesses...all of them. And the govt. used our money to bail out the biggest the corruption could last forever.

    When the real truth comes out, and it will, lets see what happens to the market..
    Aug 28, 2009. 03:42 PM | Likes Like |Link to Comment
  • The tiny dip in unemployment last month to 9.4% doesn't mean we're not going to 10%; Calculated Risk graphs net jobs and unemployment to show that noisy monthly numbers look a lot more predictable on a quarterly basis.  [View news story]
    This is funny...considering the real world unemployment is more like 16% nationwide
    Aug 28, 2009. 03:39 PM | Likes Like |Link to Comment