6,600 Foreclosures Per Day
For months the National Association of Realtors (NAR) has done its best to put forth a positive message about the housing crisis. During this time, the NAR has reported increased sales and improving...
View ArticleSheila Bair Speaks Out
Soft-spoken Kansas native and tough-minded Chairman of the FDIC, Sheila Bair, is gaining a reputation on Capitol Hill. Unlike her fellow Treasury and Federal Reserve regulators, her strongly asserted...
View ArticleGoldman Cannot Sustain Rally
Equity investors expected Goldman Sachs to perform well. The venerable investment bank did not disappoint. Meanwhile, Citigroup’s loss was less than expected, but failed to fuel a further DOW Jones...
View ArticleBair’s FDIC – 106 Banks Down, 400 To Go!
Straight-talking, fast shooting and true to her word, FDIC gunslinger Sheila Bair pulled the trigger on seven more banks over the weekend. The closings raised her agency’s annual total to 106 banks...
View ArticleMoody’s, Central Bankers Concerned With Banks
As the FDIC continues shuttering U.S. banks, ominous signals are coming from Central Banks around the world and from Moody’s Investor Services. The timely release of this information seems to support...
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All Eyes On Bernanke As Economy Becomes Reliant on Washington
U.S. equity markets closed flat on Monday in the lightest trading day of the year. About 7 billion shares were traded, well below the daily average of 9.65 billion. Along with the central bank’s...
View ArticleFOMC To Print Or Not To Print
The Federal Open Market Committee (FOMC) is a key component of the Federal Reserve that is responsible for overseeing the country’s open market operations. Since 1981, FOMC has met eight times per year...
View ArticleTax Bill Edges Ahead
The extension of the Bush tax cuts and other portions of the compromise legislation being pushed by President Barrack Obama is tentatively scheduled to hit the Senate floor on Thursday. Majority leader...
View ArticleInflation Enters The Mix
In a week that featured seven polite Republicans, Michelle Backmann seems to fare better every day. Mitt Romney is still the frontrunner and several of the Republicans may have self-destructed while...
View ArticleQuiet Euro Zone Boosts Markets
The week started well for various markets and especially US equity markets. Sparked by the Fed’s Monday announcement that all major banks except for four had passed the recent stress test criteria....
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