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Author
John Lounsbury 74 posts 0 comments
John Lounsbury provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25 years in R&D management and corporate staff positions. John is also one of the ten most followed writers at Seeking Alpha and a Senior Contributor at TheStreet.com and Real Money. He is a founding partner and managing editor of Global Economic Intersection. Follow him on twitter @jlounsbury59.
There is a comprehensive review today in The Washington Post of a two year investigation of a hidden world that orbits what is known as Homeland Security. Here are a few highlights: These are some of the findings of a two-year…
Goldman Fraud Case With SEC Settled
Goldman Sachs (GS) and the SEC (Securities and Exchange Commission) have announced a settlement of the suit over the Abacus security case which was a civil action charging fraud by Goldman. According to the SEC announcement, which I watched…
Commercial and Industrial Lending Remains Distressed
A graph today from David Rosenberg, Chief Economist for Gluskin Sheff (Toronto), shows one of the severe headwinds the recovery is battling. C&I (commercial and industrial) lending remains at historically depressed levels. …
AIG’s Cassano: Poster Child for Compensation Problems
Joseph J. Cassano, head of what was formerly an obscure 400 employee division of American International Group (AIG) with main offices in London, called AIG Financial Products (AIG-FP), testified today before the FCIC (Financial Crisis…
First Time Homebuyer Traffic Plunged in May
Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions reports that homebuyer declined in May, as would be expected with the end of the latest federal home purchase tax credit. The most dramatic drop was with…
Ugly Chart of the Day For Home Builders
By John Lounsbury What is the best proxy for demand in the housing market? How about lumber. Here is one ugly chart, courtesy of finviz.com (with trend lines added by the author): For large graphic without added trend…
Deepwater Horizon Spill Size Estimates Keep Growing, As Do Costs
John is one of the ten most followed writers at Seeking Alpha and a Senior Contributor at TheStreet.com and Real Money. Last week I tried to bracket the cost exposure for BP as a result of the Deepwater Horizon well head blowout and…
BP: The Mother of all Egregious Violators
By John Lounsbury. Here is some astounding news: BP PLC (BP) has 97% of the most serious safety violations at U.S. refineries over the past 35 months. In the very top "egregious" category, BP has 99.9% of all…
More than Half a Million Job Losses Coming
In the next four months more than 500,000 job losses are baked in the cake. The reason? The temporary Census workers hired so far this year will be largely ending their assignments during the third quarter and will be looking for employment…
Mortgage Applications Plummet
David Rosenberg, Chief Economist at Gluskin Scheff, has the following graph showing the dramatic drop in mortgage applications for home purchases in the most recent report from the Mortgage Bankers Association. It is interesting to…