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Measuring The Fiscal Costs Of Not Fixing The Financial System

Sat, 05 Dec 2009 14:26:39 GMT

This post is a slightly edited version of remarks prepared for delivery at Unwinding Public Interventions in the Financial Sector: Preconditions and Practical Considerations, IMF High-Level Conference, Thursday, December 3, 2009, Washington D.C. I participated in Session 2: Managing Fiscal Risks—Public Finance Aspects of Unwinding.[More...]

Unemployment Duration Still Rising

Fri, 04 Dec 2009 19:00:00 GMT

While we got some very good news with the employment report today (see "Unemployment Report - WOW!"), there was one part of the report that was very troubling. While it looks like the number of people entering the pool of unemployed is falling, once people are out of work it is extremely difficult for them to find new jobs.[More...]

Two Trade Setups: One Long, One Short

Fri, 04 Dec 2009 16:04:51 GMT

Here's an article that I wrote for the Slope of Hope today as a guest blogger. Great website if you haven't yet checked it out! Today I want to provide y'all with a couple of trade setups that I thought depending on your trading strategy and market bias, could fit nicely into your portfolio. The first is a short setup in Goldman Sachs (GS). For many of us, the opportunity to short GS goes well beyond a normal trade - there a sense of satisfaction seeing such a corrupt company depreciate in price, no doubt.[More...]

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...]

Jim Bunning Does Not ? Ben Bernanke

Fri, 04 Dec 2009 00:00:09 GMT

With a groundswell of public opinion against the Federal Reserve in general and Ben Bernanke in particular, Sen. Jim Bunning (R-KY) takes something of a victory lap for having been the only committee member to oppose Bernanke's nomination four years ago.[More...]

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Thu, 03 Dec 2009 23:50:15 GMT

Farewell IPO window. European construction company Hochtief was forced to cancel the IPO of its concessions business once investors became unwilling to pay more than €20 for the new shares, with the bottom of the range at €24 previously. Furthermore, according to market participants, the company was able to only fill half a book, after management disclosed during a roadshow lunch that the Dubai jitters made finding investors complicated. Watch for some material downside to the stock when it opens in Europe tomorrow.[More...]

Why Do You Invest?

Thu, 03 Dec 2009 23:49:20 GMT

My wife keeps telling me to buy stock in TJ Maxx (TJX), as she shops in their stores, and believes they run a good operation. I have looked but not touched, as they do not fit our investment profile. We have Walmart (WMT) in the retail sector, currently up 9% and they pay a better dividend.[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...]

Say it ain't snow: Winter storm affects roads, schools

Sat, 05 Dec 2009 11:47:00 GMT

Dec. 5--LAS CRUCES -- Guns & Roses fans and late-night desert blizzards are not a good combination, New Mexico State Police Capt. Rich Libicer will tell you, recalling the 50 accidents that snarled Interstate 10 after the 1996 concert at New Mexico State University let out.
About 60 crashes -- none of which seriously injured or killed anyone -- were reported across Do-a Ana County overnight Thursday and into the morning Friday, due to snow and a chill unmatched in 30 years, according to the National Weather Service and law enforcement.
At homes across Las Cruces, residents who hadn't turned on their gas heaters in more than a year discovered it could take up to a week to get their meters unlocked and crank up the heat, said Laura Sullivan, office manager at Junior's Plumbing & Heating on Amador Avenue.

: iStockAnalyst.com Symbols Feed

Measuring The Fiscal Costs Of Not Fixing The Financial System

Unemployment Duration Still Rising

Two Trade Setups: One Long, One Short

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

Jim Bunning Does Not ? Ben Bernanke

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Why Do You Invest?

Revealed: How The System Favors The Wealthy

Say it ain't snow: Winter storm affects roads, schools

Dubai, Kuwait recovery 'to lag behind'

Doyle defends climate legislation: Business groups say bill will slow state's recovery

First Data extends merchant services agreement with Sovereign Bank

New charges in stepson-killing case

Obama pushes to create new jobs -- At forum, he seeks ideas from business leaders

TSX Venture Exchange Daily Bulletins

Microturbine adds juice to clean-energy car

Sector Snap: Information technology shares gain

Retailers not in the black yet

100% Profitable Stock Trading Streak Climbs to 51 in a Row

Wall St Sense Reviews Equities in the Basic Materials, Consumer Goods and Services Sectors

ADDING MULTIMEDIA Comcast and GE to Create Leading Entertainment Company

Avago Technologies Limited Announces Fourth Quarter and Fiscal Year 2009 Financial Results

TD AMERITRADE CEO to Speak at Goldman Sachs US Financial Services Conference 2009

Forest Conservation Can Supply 25% of Climate Solutions Through 2020, Saving $40 Billion

Comcast and GE to Create Leading Entertainment Company

Kinder Morgan Energy up 42% Since Added to Galtstock Portfolio

Elite Portfolio Management Team Launches Boutique Investment Firm

Goldman Sachs Electronic Trading Releases REDIPlus®Version 9.1

Form 4 JOHNSON CONTROLS INC For: Dec 01 Filed by: Edwards Jeffrey S (10K)

Form 4 JOHNSON CONTROLS INC For: Dec 01 Filed by: Harvey Charles A (10K)

Form 4 3M CO For: Dec 01 Filed by: Kelly Michael A (10K)

Form 4 3M CO For: Dec 01 Filed by: Lobey Jean (10K)

Form 4 3M CO For: Dec 01 Filed by: THULIN INGE G (10K)

Form 4 JOHNSON CONTROLS INC For: Nov 03 Filed by: Kreh Susan M (10K)

Form 4 GOLDMAN SACHS GROUP INC For: Nov 25 Filed by: EVANS J. MICHAEL (10K)

Form 4 GOLDMAN SACHS GROUP INC For: Nov 24 Filed by: SHERWOOD MICHAEL S. (10K)

Form 4 GOLDMAN SACHS GROUP INC For: Nov 23 Filed by: EVANS J. MICHAEL (10K)

Form 4 GOLDMAN SACHS GROUP INC For: Nov 23 Filed by: SHERWOOD MICHAEL S. (10K)