Angelo Mozilo: “Back of the Bus”
Yet another example of how the sub-prime market was a creature of the profit motive, and not government mandates. There is this...
“Animal Spirits” Could Boost S&P to 950,...
Source: The “Most Important Level of the Year” Aaron Task Jun 26, 2009 10:37am...
Inflation expectations
While the CRB index is flat on the week, the implied inflation rate in the 10 yr TIPS has fallen 22 bps this week to 1.71%, the lowest...
Lowry’s Paul Desmond on a Substantial Correction
Discussing whether a more substantial correction is still to come, with Paul Desmond, Lowry’s Reports and Bill Strazzullo, Bell...
U of Michigan confidence
The final June UoM confidence # rose to 70.8 from the initial reading and forecast of 69 and up from 68.7 in May. It is now at the...
Income/Spending/Savings Rate
May Personal Income rose 1.4%, well above expectations of a .3% gain and April was revised up by .2% with the influence being “the...
CRA Thought Experiment
Given how thoroughly the “CRA caused everything” meme has been debunked, you have to wonder why some poor souls are still...
Did Bernanke “Godfather” B of A’s Merrill Deal?
Deal Journal’s Michael Corkery and Dennis Berman discuss whether Ben Bernanke unduly used his influence to push Bank of...
Bernanke Dodges Bullet; Markets Celebrate
Good Evening: As Thursday dawned, market participants were a little on edge. Yesterday’s FOMC statement was found a bit wanting by...