News

Greetings and happy Tuesday. While I hope it is a happy Tuesday, it doesn't look as cheery in the markets today (see pre-market chart below). I am getting the sense that we are going to retest 2008 and 2002 lows. The 2008 low on the…

I have been doing these round-ups rather sporadically now, but the news flow is still considerable. In fact, the news flow is so much that I have off-loaded my links onto a feed which you can access here.The main story I am following is the…

This past weekend I went away to the beach where I watched no television, listened to no radio and read no newspapers. It was good to get away from the constant drip-drip of bad economic news that has overcome the global economy.Now, I am…

It is now a ritual. Every Friday night the FDIC announces which banks have been playing fast and loose with our money and need to be shut down. This week, there are two banks, Security Pacific of Los Angeles and Franklin of Houston.…

So, here we are one day into a brave new world, having seen America elect Barack Obama President. You might think the clouds would part, the sun would come out and all would be well with the world. Yet, it seems like quite the opposite is…

Today was a very exciting today in politics as well as in the markets. We are living in a time to remember, like nothing we have seen in our lifetime. The question for us remains "what does the future hold?" I would like to look on the…

Today, we prepare for an election in the U.S.. Markets look to be off their lows and probably won't retest for some time. Yesterday was a very good day overseas as foreign markets seem to be outpacing the U.S. markets both in nominal…

Our News Feed Many Homeowners Think They’re Immune to Price Declines - Real Time Economics“We're seeing a fascinating distinction in consumer psychology — on the one hand, homeowners appear to understand the reality of today's economy and…

Legg Mason unit to cut one-third of jobs - FT AlphavilleReuters reports Legg Mason plans to cut a third of the jobs at a unit run by value stock picker Bill Miller after its assets more than halved this year. The Economist endorses . . .…

Subscribe to Our News Feed CBS posts $12.5 billion loss with writedown - Reuters NEW YORK (Reuters) - CBS Corp reported a massive quarterly loss on Thursday, as a rapidly deteriorating advertising market tarnished the TV and radio…