UK CDS
In response to the S&P move on the outlook for the sovereign credit rating of the UK, its 5 yr CDS has risen today to 82 bps from...
Poole’s Market Solution to Fix Banks
Former Fed Governor William Poole Here is a proposal, not at all original but deserving of serious public discussion. As a condition of...
LEI Whackage !
Market’s down somewhat, 160 off on the Dow, Nasdaq in the red 2%+ LEIs show first rise in 7 months, coincident still very negative....
Rosenberg: Stocks May Retest March Lows
click for video > Bloomberg: The Standard & Poor’s 500 Index may fall beneath its 12-year low on March 9 because consumer...
Philly Fed
The May Philly Fed survey came in at -22.6, 4.6 pts weaker than expected but is a slight improvement from April’s reading of -24.4...
Keeping The Unemployed Linked Into Work Force
Add one more thing to the Obama administration’s recession to-do list: Prevent the recently unemployed from dropping out of the...
Quote of the Day
Today’s seminal insight to stimulate your brain: “There is still a very large unfunded capital requirement in the commercial...
Morning Note: Bitch Slapped
It never matters until it does. I’m referring to the ever growing burden of debt. It’s ok for a while as long as lenders...
Global Economies Plummet
Wow, some amazing numbers out of America’s biggest trading partners: Mexico fell 21.5%, Japan reported its economy contracted 15.2%...