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The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

Revealed: How The System Favors The Wealthy

Thu, 03 Dec 2009 21:07:08 GMT

"The U.S. tax code is the most political law in the world." -- Jonathan Blattmacher, tax lawyer to the super-wealthy "Taxes are what we pay for civilized society." -- Oliver Wendell Holmes[More...]

Market Closing Update: Late Slide For Stocks Reflects Jobs Report Jitters

Thu, 03 Dec 2009 20:45:00 GMT

Stocks pushed to new daily lows heading into the close, including a brief 100-point drop for the Dow Jones Industrial Average, as Wall Street braces for the latest monthly jobs report out early Friday. The DJIA closed down 86 points or 0.8%, the S&P 500 shed 0.8% and the Nasdaq dropped 0.5%.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Credit Market Overview: Dec 3, 2009

Thu, 03 Dec 2009 12:59:02 GMT

The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a collapse in confidence in the value of the securities investors held which corrupted the credit markets causing them to cease funding.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Wed, 02 Dec 2009 21:20:20 GMT

U.S. job losses in the private sector slowed in November but still exceeded economists’ projections, a report by payroll-processing firm Automatic Data Processing (Nasdaq: ADP) indicated yesterday (Wednesday).[More...]

Bernanke claims tools, will to reel in stimulus

Thu, 03 Dec 2009 16:50:00 GMT

WASHINGTON - Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
If confirmed to a second, four-year term, Bernanke vowed to work with Congress to overhaul the nation's financial regulatory structure and to bring about stronger and more effective supervision, he told the Senate Banking Committee.
"It would be a tragedy if, after all the hardships that Americans have endured during the past two years, our nation failed to take the steps necessary to prevent a recurrence of a crisis of the magnitude we have recently confronted," Bernanke told the panel.

: iStockAnalyst.com Symbols Feed

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Revealed: How The System Favors The Wealthy

Market Closing Update: Late Slide For Stocks Reflects Jobs Report Jitters

China Will Continue To Drive The Global Economic Recovery In 2010

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Credit Market Overview: Dec 3, 2009

Grab Some Northern Exposure With EWC

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Bernanke claims tools, will to reel in stimulus

Bernanke claims tools, will to reel in stimulus

Up for second term, Fed chief heads to Congress

Up for second term, Fed chief heads to Congress

EDITORIAL: The Ransom of AIG

Hotel owners, like home owners, behind on payments

Hotel owners, like home owners, behind on payments

Business Highlights

HP sales dip in Q4 and year

Strong banks, weak credit: Treasury rethinks TARP

Analyst Choice Progressive Report on Financial, Industrial Goods and Services Sectors

PicksThatMove.com Announces Investment Opinion on High River Gold Mines Ltd., Canadian Imperial Bank of Commerce, AMBAC Financial Group, Tianyin Pharmaceuticals Company Inc. and Hawk Systems, Inc.

Wall St Sense Undertakes Financial Research on Stocks Trading on Basic Materials, Financial & Services Sectors

Rothman Research Monthly Analysis on Stocks Trading Under the Basic Materials, Consumer Goods & Financial Sectors

NYPPEX Report: Net Liquidity for Capital Calls Varies Widely Among Insurance Companies

PicksThatMove.com Announces Investment Opinion on AMBAC Financial Group Inc., Canasia Industries Corporation, DryShips Inc., instaCare Corp. and Gold Wheaton Corporation

CombiMatrix Corporation Reports Third Quarter 2009 Financial Results

PicksThatMove.com Announces Investment Opinion on American International Group Inc., JA Solar Holdings Company Ltd., Sinovac Biotech Ltd., Fresh Harvest Products Inc. and Royal Bank of Canada

AIG Reports Third Quarter 2009 Results

Form 4 MBIA INC For: Dec 02 Filed by: SONKIN MITCHELL I (10K)

Form 4 AMERICAN INTERNATIONAL For: Nov 25 Filed by: BENMOSCHE ROBERT H (10K)

Form 4 MBIA INC For: Nov 25 Filed by: BROWN JOSEPH W (10K)

Form 4 AMBAC FINANCIAL GROUP For: Nov 23 Filed by: BIENSTOCK GREGG L (10K)

Form 4 AMERICAN INTERNATIONAL For: Jan 02 Filed by: FRENKEL JACOB A (10K)

Form 4 AMERICAN INTERNATIONAL For: Nov 11 Filed by: Herzog David L (10K)

Form 4 Rosengarten Jacob D. For: Nov 01 (10K)

Form 4 AMBAC FINANCIAL GROUP For: Oct 20 Filed by: Smith Robert Sorenson (10K)

Form 4 KEARNEY DANIEL P For: Oct 01 (10K)

Form 4 DEROSA PAUL R For: Oct 01 (10K)