Jan 14 2009

Not being a stellar day, it nonetheless was much better. A few tight stops, and three sizeable wins, two on RIMM and one on ACOR. Still a lot of fear in the market though, so our commitment stays fleeting. Session Time: Wed Jan 14 00:00:00 2009 {nemo} Hah! woke up at 3:30 this morning. {Threei}  Good morning {magoo} morning[ [more...]

Date: 2009-01-14 21:11:07

Blog posts (99) | Videos (36)
 

Get Your Tax and Financial Questions Answered for Free

We’re back! Our imaginary vacation was great. It was fun to take some time off from writing and enjoy the holidays ... Year (20 Tips Inside) New Years Resolution One: Downsizing Our Home DON’T Set Any Resolutions A Plan to Be Debt Free in 2009 This Could Be The Day 7 Tips [more...]

Date: 2009-01-07 14:57:55

USC Lusk Center Says Commercial Real Estate Will Continue to Weaken and Markets Won’t Grow for Two Years

LOS ANGELES–(BUSINESS WIRE) ... to lenders this year because cash flows have declined and, more importantly, debt coming due cannot be refinanced while credit is scarce. “Borrowers can still avoid foreclosure with creative restructuring [more...]

Date: 2009-01-15 00:15:09

Portrait of a Failed President

Many had great hopes for this man, that he was going to be a leader; make intelligent informed decisions and lead this country as it should be led ... clear to me that we are NOT heading down a different road, that we are not going to see prosperity [more...]

Date: 2009-01-14 17:30:24

Credit Crisis Watch: Gaining Positive Traction

In order to gauge the progress being made to unclog credit markets and restore confidence in the world’s financial system, I monitor a range of financial spreads and other measures. By perusing these, as summarized in this “Credit Crisis Watch” review, [more...]

Date: 2009-01-14 11:35:53

Credit Crisis Watch: Gaining Positive Traction

In order to gauge the progress being made to unclog credit markets and restore confidence in the world’s financial system, I monitor a range of financial spreads and other measures. By perusing these, as summarized in this “Credit Crisis Watch” review, [more...]

Date: 2009-01-14 09:22:42

Credit Crisis Watch: Gaining Positive Traction

In order to gauge the progress being made to unclog credit markets and restore confidence in the world’s financial system, I monitor a range of financial spreads and other measures. By perusing these, as summarized in this “Credit Crisis Watch” review, [more...]

Date: 2009-01-14 13:30:49

The Kool Aid They’re Drinking In Florida

The Charlotte Sun reports from Florida. “The annual Fishkind Report released Tuesday by Attorneys’ Title Insurance Fund projects Florida’s economy to rally last among all states, and possibly not until 2011. All Florida housing markets will be down through 2009, according to the report [more...]

Date: 2009-01-08 17:20:54

(OIS) Credit Crisis Watch: Gaining Positive Traction

In order to gauge the progress being made to unclog credit markets and restore confidence in the world’s financial system, I monitor a range of financial spreads and other measures. By perusing these, as summarized in this “Credit Crisis Watch” review, [more...]

Date: 2009-01-15 06:20:04

Are we underestimating the seriousness of the economic crisis?

Before we think about future, we should know what economic experts said before Lehman bothers collapse and share market crash in 2008 ... Pickens. 8. “There is growing evidence that parts of debt markets are coming back to life” – Peter Coy [more...]

Date: 2009-01-14 16:45:00

Dandelion SaladBy Mike Whitney January 16, 2009 “Information Clearinghouse“There’s no guarantee that Obama’s stimulus package will work, but there is growing consensus that something has to be done…and fast! The economy is contracting faster than anytime since the 1930s [more...]

Date: 2009-01-16 02:25:29

Transcript: Obama Presser - Economy, Panetta, Middle East | January 6, 2009

(Source: CQ TranscriptsWire) SPEAKER: PRESIDENT-ELECT BARACK OBAMA ... of irresponsibility that we’ve seen is the enormous federal debt that has accumulated, a number ... insert pet projects without review. We will create an economic recovery oversight board made [more...]

Date: 2009-01-07 02:11:15

How "Something For Nothing" Ideas Become Policy

Leaders all over the world are now in an Undeniable Shift to Keynes even though every such attempt in history has failed ... a generation with having to pay off British debt.Jürgen Stark, an executive board member of the European [more...]

Date: 2009-01-02 08:49:00

Sensex sheds 3.45% as US bank crisis deepens

Weak global equities and a deepening banking crisis in the United States pulled the domestic bourses lower in choppy trade. Nevertheless, the market cut sharp intraday losses as index heavyweight Reliance Industries (RIL) and IT pivotals recovered from lower level. The BSE 30-share Sensex lost 323.75 points, or 3.45%, off 100 [more...]

Date: 2009-01-15 14:32:00

Video-O-Rama: Figuring out the lie of the financial land

Video-o-rama: Figuring out the lie of the financial land In addition to more “Outlook for 2009″ videos (dealt with in last week’s Video-o-rama), the past week saw material covering a hodgepodge of topics. Although the topics were varied, good viewing material was produced, with the likes of Marc Faber, Peter Schiff, Martin Feldstein, [more...]

Date: 2009-01-08 06:26:08

Stimulus: Something for Everyone

Stimulus: Something for Everyone by Howard Gleckman on Thu 15 Jan 2009 06:46 PM EST The stimulus plan unveiled by House Democrats today includes a little something for everyone. With an eye-popping price tag of $825 billion, I suppose it should. The plan, written in close consultation with the incoming Obama Administration, [more...]

Date: 2009-01-15 23:46:35

President-elect Obama’s Economic Speech

President-elect Obama’s Economic Speech Here’s highlights from the speech (full video here): Full text of the speech below: ↓ Show full post ↓ Remarks of President-Elect Barack Obama As Prepared for Delivery American Recovery and Reinvestment Thursday, January 8, 2009 Throughout America's history, [more...]

Date: 2009-01-08 02:14:29

For victims of the Cedar Rapids flood, the budget crisis is hitting home

Flood map courtesy City of Cedar Rapids. Click for larger PDF version. Few in the crowd of 70 people sat peacefully on the padded folding chairs in the basement of Trinity United Methodist Church in downtown Cedar Rapids Monday afternoon, as two dozen state legislators, [more...]

Date: 2009-01-08 16:17:50

My Stock Market and Real Estate Predictions For Year 2009

Goodbye 2008 and Good Riddance - Hello Year 2009! Happy New Year everyone! ... way out by blaming the credit crisis and current economic woes on the Bush administration ... on the wrong culprits. The primary blame should be placed on ourselves - the credit and home hungry [more...]

Date: 2009-01-02 03:50:28

BT sends in the debt collectors

BT sends in the debt collectors January 16th, 2009 Today, which is, unless I am going gaga, is 15 January, ... me that I would receive a call from her manager within 24 hours. I never did. I rang the debt collection ...   I received a letter from a debt recovery service telling me that unless I paid them £327.58 [more...]

Date: 2009-01-15 23:21:56

Wall Street Breakfast: Must-Know News

Fake profits shake Satyam. Satyam (SAY) shares are down over 70% in Indian trading after B. Ramalinga Raju, the company's founder and chairman, resigned and admitted over $1B of Satyam's balance sheet as of Sept. 30 was inflated non-existing cash and bank balances [more...]

Date: 2009-01-07 12:15:15

The Congressional Agenda

If you’re wondering what’s up for Congress, this list of the first 10 Senate bills might give you a preview: * S ... affordable health care, provide tax relief, and protect those in greatest need, and for other purposes [more...]

Date: 2009-01-11 10:30:11

CitiGroup Agrees To Mortgage Cramdowns

This is a pretty big reversal, but I can understand why the big banks are starting to figure out that helping people adjust their debt is ... estate starting to default, this legislation needs to pass immediately. [more...]

Date: 2009-01-09 02:06:02

Are We Crazy? Starting a Business NOW?

Here is some much-needed sanity from Business & Media Institute commentator Dan Kennedy: ... are not about Obama and his minions, nor the running up of trillions of fresh federal debt, nor bail-outs [more...]

Date: 2009-01-07 18:45:32

Banks’ Loan Losses Could Reach $2 Trillion

It is little wonder financial markets are taking a beating ... look at losses on U.S. loans, not the bad mortgages and debt sitting in places like Europe ... debt and business debt and Goldman’s loan loss estimate hit $2.1 trillion. Many of those losses [more...]

Date: 2009-01-15 18:04:50

Banks? Loan Losses Could Reach $2 Trillion

It is little wonder financial markets are taking a beating ... look at losses on U.S. loans, not the bad mortgages and debt sitting in places like Europe ... debt and business debt and Goldman’s loan loss estimate hit $2.1 trillion. Many of those losses [more...]

Date: 2009-01-15 17:06:33

How to Talk to Your Kids About the Economy

The bad news is inescapable and much as you’d like to there’s no use hiding under a rock ... but they won’t know what that means,” says Fisher. “Explain to them how a mortgage works and what banks [more...]

Date: 2009-01-14 01:11:51

RSSIC Economic Outlook January 2009

The stock market again proved to be an accurate barometer of the economy forecasting the recession that began last year. The decline in the S&P500 beginning in the 4th quarter of 2007 foreshadowed the negative GDP performance for the U.S. economy in the 3rd and 4th quarters of 2008 [more...]

Date: 2009-01-16 00:41:35

Today in Washington D. C. - Jan 13, 2008

The Senate will resume consideration of the omnibus public lands bill (S.22) ... billion from the Troubled Asset Relief Program (a.k.a. the financial rescue bill). However, CQ Today ... for its Troubled Asset Relief Program (TARP), enacted last October (PL 110-343). Congress [more...]

Date: 2009-01-13 18:12:00

Voinovich Announces Retirement, GOP Problems Mount

Voinovich Announces Retirement, GOP Problems MountOhio Sen. George Voinovich is retiring in 2010, the fourth Republican to announce he is stepping aside at the end of his term.Voinovich announced his retirement this morning after a weekend filled with speculation that he was planning to step aside [more...]

Date: 2009-01-12 16:00:06

Bernanke drops pretense of secrecy and airs Fed's plans

McClatchy Washington Bureau With its benchmark lending rate effectively at zero, Federal Reserve Chairman Ben Bernanke on Tuesday, ... range of consumer and business lending -- to a range between zero and a quarter percent [more...]

Date: 2009-01-14 18:46:44

Castro’s Cuba Leaves Nothing to Be Admired

I have a very close friend (who shall go unnammed) that seems to admire Fidel Castro ... : President Ford announces softening of the embargo, letting foreign subsidiaries of U.S. companies sell [more...]

Date: 2009-01-06 06:33:42

US Stock Markets and 2009

US Stock Markets and 2009  by David Kotok David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the University of Pennsylvania, an M.S [more...]

Date: 2009-01-05 13:00:50

Obamanomics

Over the weekend, two of the top economists in the President-elect's administration published " ... in food stamps and expansions of unemployment insurance. - State fiscal relief designed to alleviate [more...]

Date: 2009-01-15 03:52:03

Associations Tackling the Credit Crisis

I recently received a link to a webinar the North American Trailer Dealers Association (NATDA) ... Relief Program (TARP) funds to infuse capital into specialty lenders and nonbank institutions to improve [more...]

Date: 2009-01-14 19:20:10

RECESSIONS, BUSINESS CYCLES AND LOOKING FORWARD

RECESSIONS, BUSINESS CYCLES AND LOOKING FORWARD Posted in January 14th, ... Achuthan, managing director of ECRI and co-author of Beating the Business Cycle: How to Predict ... . If you have a taste for the ugly details of the business cycle, read on… Lakshman, ECRI did a nice [more...]

Date: 2009-01-14 21:53:42

First 10 Senate Bills Of The 111th Congress

First 10 Senate Bills Of The 111th Congress January 7, 2009, 9:46 AM Filed under: Economics, Energy, Environment, Government, Health Care, ... , provide tax relief, and protect those in greatest need, and for other purposes.” The stimulus bill [more...]

Date: 2009-01-07 14:46:21

Owning A Home Was Not A Luxury - It Was A Must

The San Francisco Chronicle reports from California ... . Borrowers who opted for that plan effectively dug themselves deeper into debt each month. That’ [more...]

Date: 2009-01-03 17:38:02

Paul Krugman: The Obama Gap

Is the incoming administration's proposed economic recovery plan large enough to get the job done? ... , the Congressional Budget Office came out with its latest analysis of the budget and economic outlook [more...]

Date: 2009-01-09 08:33:00

Alan Schram: The Story of 2008: What Went Wrong?

The past year has been financially chaotic on a level almost no one alive has ever seen ... has $1 billion of capital. They buy $30 billion worth of triple-A mortgage-related debt using $29 billion [more...]

Date: 2009-01-12 05:06:35

The disaster that is the Cuban Revolution

Fifty years of tyranny and economic failure and the BBC says the festivities are subdued ... , by 1988. 1975: President Ford announces softening of the embargo, letting foreign subsidiaries [more...]

Date: 2009-01-02 19:07:55

Deflation, Deleveraging, and the Stimulus Effect

Forecast 2009: Deflation and Recession January 10, 2009 By John Mauldin Where are we headed in 2009? ... of economic theory and practical investment advice. Already committed to speak are Martin Barnes [more...]

Date: 2009-01-11 12:32:28

How to Talk to Your Kids About the Economy

The bad news is inescapable and much as you’d like to there’s no use hiding under a rock ... Dr. Erik A. Fisher for his advice in talking to kids about the economy. Dr. Fisher is the author of “ [more...]

Date: 2009-01-08 20:11:11

ECB Preview: The Debate Over the Rate Cut

Of all the major central banks in the world, the ECB has been one of the least aggressive ... s downgrade of Greece’s sovereign debt rating to A- and rumors that Ireland may seek help from the IMF [more...]

Date: 2009-01-15 05:32:30

Limbaugh falsely asserted "Banking Queen" Barney Frank "created" subprime mortgage crisis

During the January 7 broadcast of his nationally syndicated radio show, Rush Limbaugh falsely asserted that Rep. Barney Frank (D-MA) ... the Federal Housing Finance Agency (FHFA) to replace the Office [more...]

Date: 2009-01-08 20:24:26

Opinion: Week of carnage

By BNZ Currency Strategist Danica Hampton It’s been a week of carnage for the NZD ... s downgraded the outlook for NZ’s foreign currency debt. Yesterday, Prime Minister John Key warned the NZ [more...]

Date: 2009-01-15 19:46:32

Ugly: Behold The First Ten Bills Of The 111th Congress

Ugly: S.1—American Recovery and Reinvestment Act of 2009 ... educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those [more...]

Date: 2009-01-07 04:12:25

Reason's Matt Welch and Adrian Moore and Big Hollywood's Andrew Breitbart on what comes next

Reason's Matt Welch and Adrian Moore and Big Hollywood's Andrew Breitbart on what comes next Publicado por Ricardo Valenzuela en 08: ... taxes, national debt, or printing the money (growing inflation), the government has to damage long [more...]

Date: 2009-01-14 17:14:00

Cram Down Nation: Do Lenders Fear Obama?

Cram Down Nation: Do Lenders Fear Obama? ... to reorganize an individual’s debt, but it does not give them authority to fundamentally alter a person’ [more...]

Date: 2009-01-14 15:39:42

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