BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure - Bloomberg.com
One big one down
Friday, August 14, 2009
150 Public Banks May Be Near Death
150 Public Banks May Be Near Death
Is the FDIC broke? If so the cat food story may be closer then we like to think.
Is the FDIC broke? If so the cat food story may be closer then we like to think.
Thursday, August 13, 2009
Business Bankruptcy Fillings
So lets take a look at a couple of things, first a nice chart of Business BK fillings, trending down since 90's, now on the up swing. No big surprise
Now lets look at the consumer, trending up to 2005, then the big BK law casued a spike. Of course that number may be exceed this year.
So lets look more deeply at the last 15 years of business BK
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
2009 14,319 15,319 17,019 18,319 64,976 Estimated Q2,Q3,Q4
If my estimates are correct we are looking at the largest Business BK since the early 90's
Last Week's Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion | zero hedge
Last Week's Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion zero hedge
Rats fleeing the ship? Trouble with making ends meet? Needs to buy car under cash for clunkers?
Rats fleeing the ship? Trouble with making ends meet? Needs to buy car under cash for clunkers?
Details Of The $80 Billlion Prescripton Drug Deal? - The Atlantic Politics Channel
Details Of The $80 Billlion Prescripton Drug Deal? - The Atlantic Politics Channel
So we get a 2% discount in exchange for not being able to bargin or import or marked down. Great.
So we get a 2% discount in exchange for not being able to bargin or import or marked down. Great.
Emergency Unemployment Compensation
[ The Financial Ninja ]: Emergency Unemployment Compensation
A deeper dive on the Unemployment numbers.
A deeper dive on the Unemployment numbers.
Green Shoots? Not Retail Sales or Unemployment Claims | The Big Picture
Green Shoots? Not Retail Sales or Unemployment Claims The Big Picture
As I mention several weeks ago, Retail sales for July where bad. Taking out Autos we see continuing declines. Along with no recover in unemployment numbers. We may be on plateau but not the bottom
As I mention several weeks ago, Retail sales for July where bad. Taking out Autos we see continuing declines. Along with no recover in unemployment numbers. We may be on plateau but not the bottom
Wednesday, August 12, 2009
Financial Armageddon: About to Get Blindsided Again
Financial Armageddon: About to Get Blindsided Again
Ginny Mae, why is it all the bad things have southern nicknames.
Ginny Mae, why is it all the bad things have southern nicknames.
Chinese Export Collapse Casts Doubt On Recovery
Chinese Export Collapse Casts Doubt On Recovery
Some Problems in China, Net exports -20%.
Some Problems in China, Net exports -20%.
Tuesday, August 11, 2009
The Worst Isn’t Over In the Real World - MarketBeat - WSJ
The Worst Isn’t Over In the Real World - MarketBeat - WSJ
I could not think of a better headline
I could not think of a better headline
Lawsuits are the latest roadblock for California budget - Los Angeles Times
Lawsuits are the latest roadblock for California budget - Los Angeles Times
This is how your CA goverment works now. I am sure it will all be ok.
This is how your CA goverment works now. I am sure it will all be ok.
Half Of US Homeowners Will Be Underwater By 2011
Half Of US Homeowners Will Be Underwater By 2011
Must read, the full presenation of the DB reasearch.
Must read, the full presenation of the DB reasearch.
Table A-12. Alternative measures of labor underutilization
Table A-12. Alternative measures of labor underutilization
Wow some good news from last week. May be a mirage cause by Census data and Autoworkers return from BK temporary closures.
Wow some good news from last week. May be a mirage cause by Census data and Autoworkers return from BK temporary closures.