Economic data
Oct Personal Income rose .2% m/o/m, .1% more than expected. Spending rose by .7%, .2% above forecasts but comes after a .6% drop in Sept...
IMF: 50% of Bank Losses Still Hidden
“There are still some important losses that have not been unveiled. It’s possible that 50 percent (of bank losses) are still...
Bank Capital
Bank Capital The Financial Times – Lex: Banks’ capital Repeat after me: banks need more capital and better quality capital. The...
$ breaks lower/stock bears lowest since ’04
Notwithstanding $ comments from Bernanke (hollow I know based on the minutes yesterday) last week and policy and potential policy steps...
Bad Economy Could Spell Good News on Wall Street
> Source: A Bad Economy Could Spell Good News on Wall Street for Years to Come Peter Gorenstein Tech Ticker, Nov 24, 2009...
Fed Reserve Endorses “Crony Communism” for Wealthy
Here’s a candidate for the understatement of the year: The Federal Reserve is concerned that their free-wheeling, money-printing,...
Multibillion-Dollar Push Into Energy Research
> This is actually terrific news: “The Obama administration’s push to solve the nation’s energy problems, a massive...
Tuesday Reads
Fascinating stuff on the intertubes today: • Fischer Speaking Means Bernanke Listening When Rates Fluctuate (Bloomberg) • Are the...
30 yr FNMA mortgage rate falls below 4%
Today’s rally in MBS has taken the 30 yr FNMA coupon to below 4% at 3.98%, for the first time since May 20th. Combining the...