The U.S. Dollar circa 2005
This skit comes from Saturday Night Live in 2005, back when the Dollar was weak. It’s pretty funny. Hat Tip Andrew.
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Oil breaks out above 2009 high
This comes via the National Post: Oil rose above US$74 a barrel on Monday, extending its rally to trade near a 10-month high, on optimism that an economic recovery will spur a rebound in energy demand. A string of positive economic…
Morning Links: 2009-08-24
I intend to post a “Healthcare Links” post later today. I am modelling on my Credit Crisis Timeline. But, the purpose is to present a fairly good distribution of informed articles on the health care reform debate. I don’t agree…
Getting bearish again
You have probably noticed a change in tone at Credit Writedowns since about June, but a lot more in the past month or so. Once mildly bullish due to the deeply oversold levels this Spring, I have become increasingly alarmed at the…
News from around the web: 2009-08-23
A Cul-de-Sac of Lost Dreams, and New Ones - NYTimes.com For a few precious weeks this summer, all eight houses on this cul-de-sac about 60 miles east of Los Angeles were occupied, but the housing bust that has come to define the…
News from around the web: 2009-08-22
European Stress Tests Led Swedbank to Offering - DealBook Blog - NYTimes.com Carl Eric Stalberg, chairman of Swedbank, told Svenska Dagbladet in an interview published Friday that stress tests conducted by the central banks, financial…
Guaranty is bankrupt: BBVA gets its FDIC-seized assets
It’s official: Guaranty Bank is the second-largest bank seized by the FDIC in 2009. BBVA, through its American subsidiary Compass, is increasing its profile in the US. And now it can do so, not only through merger, but through FDIC asset…
Many more FDIC Friday night specials tonight
I count three already. Here they are: ebank, Atlanta, GA Stearns Bank, National Association, St. Cloud, Minnesota, Assumes All of the Deposits of ebank Atlanta, Georgia CapitalSouth Bank, Birmingham, Alabama IBERIABANK,…
The high frequency trading post I did not write
I intended to write this post about high frequency trading. The idea was to link to a very enlightening podcast that aired yesterday on “Taking Stock” with Pimm Fox on Bloomberg Radio. Tyler Durden of Zero Hedge was on the program talking…
Existing home sales add to the parade of bullish data
Data on existing home sales were significantly above expectations with a seasonally-adjusted annual rate of 5.24 million sales registered according to the National Association of Realtors (NAR). The NAR released a statement on the…