Open Thread: Financial Analysts
There’s an old joke on Wall Street: Analysts: You don’t need them in a Bull market, you don’t want them in...
HomeBuilder’s vs Financials
I’ll have something this afternoon on the Housing Market/Homebuilders. Meanwhile, before you get too excited about the Financials...
Are Bankers Incompetent Morons?
Shorter Floyd Norris: We bankers are idiots, we can’t do basic math, have little in the way of risk management. Lobbying for FASB...
Quote of the Day: How Banks Lose Money
This is a classic:> "I don’t know why the banks had to find new ways to lose money when the old ones were working so...
Housing Charts: Genesis of a Crisis
Front page WSJ article today makes for intriguing reading: U.S. Mortgage Crisis Rivals S&L Meltdown For those of you w/o access,...
What Big Picture Visitors are Reading
Here are what readers of The Big Picture bought from Amazon in November: > > Starting from the 12 o’clock position above, if...
Underwriting the SubPrime Crisis
Foreclosures continue to tick higher, reaching all sorts of nasty levels in Q3, climbing to 20 year highs: "The rate of homeowners...
“High End” Inflation
Fun info graphic in NY Mag on "High End" inflation. Everything in New York, both ordinary and luxury goods and services in...
Combined Value of Leading Credit Sources
Today’s chart-porn is this depiction of the tightening credit cycle from a front page NYT article. The chart itself was too...
Citibank Receives Emergency Cash Injection
Abu Dhabi to the Rescue! Late last night, the WSJ reported Citigroup will receive a $7.5B cash infusion from the governmental investment...