More on the flow of funds and the debt impact on the economy
To elaborate further on my previous note on the Fed’s Flow of Funds statement and to illustrate the impact of debt on our economy,...
200 Bank Failures by 2010?
Rochdale Securities Dick Bove argues banks are more vulnerable to failure after Lehman’s collapse. Watch the latest business video...
Fed’s Flow of Funds tells us how much debt there is
The Q2 US balance sheet is out via the Fed’s Flow of Funds statement and it reveals that household debt (home mortgages + consumer...
Watch Bond Fund Flows, Not Stock Fund Flows
> James Bianco has run Bianco Research out of Chicago since November 1990. He has been producing fixed income commentaries with a...
Housing Starts: Good, Bad & Ugly
Some interesting mixed data from the builders and permit seekers today. The Good: • Total housing starts rose 1.5% last month...
September Philly Fed survey
The Philly Fed survey was 14.1, 6 points more than expected and up from 4.2 in Aug. It’s at the highest level since June ’07...
Volcker: Make Banks Less Risky
“Extensive participation in the impersonal, transaction-oriented capital market does not seem to me an intrinsic part of commercial...
6 Simple Ways to Reform Wall Street
> from Yahoo Tech Ticker: • Reinstate Glass-Steagall Separating banks from brokerage firms guarantees that “when Wall Street...
Housing Starts
August Housing Starts totaled 598k annualized, right in line with expectations while the prior month was revised up by 8k to 589k. The...