small business

This morning, David Rosenberg of Gluskin Sheff had another wonderful piece. I am only going to take on one part of it here. I have linked to the full article below so that you can read his analysis in it’s entirety (registration free but…

While I see the job numbers as pretty much what was expected, the data do make clear that we are seeing a major jobless recovery. David Rosenberg has a piece out today that goes right to the heart of the issue: All we can say is that if…

CIT has the approval of debtholders to file a prepackaged bankruptcy. This comes via Business Wire: CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that, with…

Bronte Capital: Are the Spanish banks hiding their losses? Looking at the American data John is dubious about Spain like Edward Hugh. It seems a bit hard to believe we could have a depression-like environment in Spain without a serious…

On this last day of August, I haven’t had any time to post as yet.  However, I do expect to post later in the day.  In the meantime, here are a number of stories making the rounds on the web. Enjoy. Edward Baker Hughes to Buy…

Our quarter-century penance is just starting - Ambrose Evans-Pritchard, Telegraph All that has happened over this crisis is that huge private losses have been dumped on society: but the losses are still there, smothering the economy.…

FDIC: Failed Bank Information - Bank Closing Information for Affinity Bank, Ventura, CA As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. In addition to assuming all of…

This entry from Gary Shilling comes via John Mauldin’s site InvestorInsight.com where he highlights commentary from some of the best economic thinkers. Shilling, who correctly predicted problems in residential real estate in the US, is in…

This just hit the wires. NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it entered into a $3 billion loan facility provided by a…

This comes from the Wall Street Journal: Small-business lender CIT Group Inc. said "there is no appreciable likelihood" that it will receive fresh government support, suggesting that the company might instead seek to file for…