Posts under ‘The Markets’

Is Facebook on its way to doing a face plant? JP Morgans 2 billion loss trader caused similar problems in the past. FNC home price index +.5% in March.

Earned income falls to just 51.8% of the total over the last 50-years yet consumer debt increases 1,932% during the same period, the 2008 crash in a nutshell.

April CPI unchanged and 2.3% annualized. March TIC reports is +36.2 billion, Chines buy more Treasury’s. NAHB hits a 5-year high but is still deeply negative.

JP Morgan’s big loss and continued Euro Zone jitters spooked the markets to begin the week. Commodities fall further. California has a new fiscal crisis.

Short sales jump in January as per LPS. Jefferson county Alabama petitions the court to divert funds from muni debt service to public works post bankruptcy.

Wall street speculators claim that tradeable commodities don’t suffer from undue price inflation. If ever there was an example of Wall Street evil, this is it.

The March CPI gains .3%, annualized the rate is just 2.4%, once again inflation no threat. Spanish sovereign yields increase but the rest of Europe declines.

LPS reports improvement in the February delinquency rate. House prices are expect to slip another 3-10% this year. Tobin’s Q is .95, 1.05+ is dangerous.

Stocks finished the 1st quarter with solid gains after reaching 4-year highs. That said the S&P 500 has gone effectively nowhere for 5-years. Yet more fraud.

Stocks finish the week with small gains. February Personal Income gains .2%, spending jumps .8%, savings rate drops to 3.7%. Final 2011 GDP is an anemic +1.7%.