Tracking Bank Failures in the United States
Since the beginning of 2008, 291 banks and thrifts have failed in the United States. Georgia leads the way with 37. Source: Interactive Bank Failure Map – WSJ.com
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Chart of the Day: Rolling Bear Market in Various Currencies Since 2007
In yesterday's daily note, David Rosenberg showed us this chart of the wild swings in the foreign exchange markets since the beginning of 2007. His interpretation of the chart is that it demonstrates a "series of rolling currency…
Flashback: Jimmy Carter’s 1979 Malaise Speech
"Malaise" speech When the energy market exploded — an occurrence Carter tried to avoid during his term — he was planning on delivering his fifth major speech on energy; however, he felt that the American people were no…
Meredith Whitney: Next Shoe to Drop Is Municipal Bonds
Meredith Whitney has a new report out that she has been working on for two years called "Tragedy of the Commons" in which she rates several U.S. states. Based on Whitney's analysis, problems in municipal finance could be the next…
David Rosenberg on Why David Tepper is Wrong
This an excerpt from yesterday's daily commentary from David Rosenberg. Two things happened on Friday: First, a very successful hedge fund manager was on CNBC and (between songs, apparently) told viewers that the equity market now…
On Lula And The Brazilian Economic Miracle Plus Other Links
Topic of the day: Brazil En el gigante en ascenso tampoco está tudo bêm - lanacion.com Los secretos de Brasil: la receta de una potencia - lanacion.com PIMCO | Viewpoints - Brazilian Boom: Rising Infrastructure Spending Spurs Bond…
The Determinacy of Income Growth
Will Wilkinson has a post up at his blog called "The Indeterminacy of Income Growth" (pointer to Steve Randy Waldman). He makes a number of points about inflation indices which leads him to conclude that it really can't be said…
Why is deflation bad?
During this credit crisis, you keep hearing talking heads act as if deflation is the worst thing that could hit an economy. Just a few years ago we kept hearing people talking about inflation as if it were the thing to avoid. Now suddenly,…
Latest Credit Writedowns Chat On The Edge With Max Keiser
The latest interview with Max Keiser this past Friday talking a bit about credit writedowns, real estate and trying to avoid another leg down. The video conversation is in three parts. Enjoy.
This Week’s Most Popular Posts: 2010-09-27
The Credit Writedowns Interview with President Bill Clinton: Report on a blogger meeting with former President Bill Clinton and what his views say about the agenda for Democrats and the Obama Administration. Hugh Hendry interview on…