Friday, January 23, 2009

Sweden's Fix

›
There is a great story in today's NY Times on how Sweden dealt with their banking mess. Here is an excerpt: Sweden placed its banks with...

Financials Are Issuing Terrible Earnings Reports

›
From IBD: The bank swung to a Q4 loss of $1.08 a share, missing views by $1.15. Revenue rose 9% to $1.93 bil. SunTrust Banks ( STI ) also ...

Steve Ballmer Gets It Right

›
From IBD: "We're certainly in the midst of a once-in-a-lifetime set of economic conditions," Microsoft Chief Executive Steve B...

Forex Fridays

›
Click on all pictures for a larger image Notice the following on the weekly chart: -- Prices rallied from a low of 71 at the end of last sum...
Thursday, January 22, 2009

Today's Markets

›
Click for a larger image -- All the EMAs are heading lower -- The shorter EMAs are below the longer EMAs -- Prices are below all the EMAs Cl...

Housing is Nowhere Near a Bottom

›
From Bloomberg: Home prices in the U.S. dropped the most in at least 18 years and builders broke ground on the fewest houses since record-k...

Asia Taking It Hard

›
From the WSJ: South Korea's economy shrank a more-than-forceast 5.6% in the fourth quarter, its worst performance in a decade, showing h...

More Bad Employment News

›
From the WSJ: Intel Corp. said it will close several older factories, displacing 5,000 to 6,000 workers, as the company reacts to a sharp dr...

›
Click on all images for a larger image Notice the following on the weekly chart: -- Prices are consolidating between the 40 and 45 dollar ar...
Wednesday, January 21, 2009

Today's Markets

›
Click on all pictures for a larger image One heck of a rally today. Once prices got near yesterday's lows the rally started. After lu...

So -- How Good Was the Bush Economy?

›
See the results here

The Detroit Death March Continues

›
From the AP: General Motors sold fewer cars globally than Toyota last year, as the Japanese automaker passed the Detroit company for the fir...

Financials Still Collapsing

›
From IBD: Financial shares crashed to new lows after top asset management firm State Street and a regional bank reported huge losses, puttin...

Wednesday Commodities Round-Up

›
Today I'm going to look at Copper. Copper is used in many different industrial settings, so the price of copper is a good indicator of ...
Tuesday, January 20, 2009

Today's Markets

›
Click for a larger image Prices dropped below key levels today -- levels established last Thursday. Also note the following: -- All the SMAs...

About the Whole "Making Banks Lend" Thing....

›
From the blog Information Arbitrage: Forcing banks to lend couldn't be a more intellectually bankrupt idea. The business of commercial b...

A Closer Look At Lending

›
Below are charts from the St. Louis Federal Reserve of various components of lending. All charts show a year over year percentage change. ...

It's Not About Lending

›
From the WSJ: The previous version of the U.K. rescue plan has failed to stem economic erosion or to revive lending. How much worse it will ...

Treasury Tuesdays

›
Click for a larger image On the year long chart notice we're still in bubble territory; investors are still looking for safety and are f...
Monday, January 19, 2009

Deflation ... Or The Effect of a Commodity Bear Market?

›
There has been increased talk of deflation over the last few weeks. What people are concerned about is a deflationary spiral: A deflationar...