Jan 18th, 2012
by Caleb Lawrence.
PPI falls .1% in December, factory output increases .4% during the same period. Chase bank is stopping some collections amid allegations of fraud.
Jan 17th, 2012
by Caleb Lawrence.
FOMC minutes from 2006 shows that the Alan Greenspan chaired Fed was clueless, as their statements at the time implied. 2011 proves a tough year for investors.
Jan 13th, 2012
by Caleb Lawrence.
JP Morgan misses earnings. Import prices drop .1% in December but gain 8.5% in 2011. November Trade Deficit jumps to 47.8 billion. S&P cuts euro credit ratings.
Jan 12th, 2012
by Caleb Lawrence.
Real estate shadow inventory is 9.8 million and potentially a trillion in losses for the banks. Morgan Stanly has the highest default risk as its CDS hits 379.
Jan 11th, 2012
by Caleb Lawrence.
Mixed economic data, BLS reports California has 3 counties in the top 10 for wage gains last year. A Fed governor cites lawlessness for the current crisis.
Jan 10th, 2012
by Caleb Lawrence.
November Consumer Credit jumps 10%, its largest advance sine 2001. A new credit already, is that even possible? Borrowing your way to prosperity doesn’t work.
Jan 9th, 2012
by Caleb Lawrence.
Earnings season kicks off today. Real estate prices fall again as per CoreLogic. Q 4 Mall vacancy falls to 9.2%, construction hits a 31 year low, as per Reis.
Jan 6th, 2012
by Caleb Lawrence.
December BLS jobs reports is +200,000, hours and wages also improve. All beat expectations, a good report but not quite as great as the headline suggests.
Jan 5th, 2012
by Caleb Lawrence.
December ISM Services Index gains to 52.6, ADP employment hits +325,000 in December BLS is out Friday expectations are +150,000. FHA needs a 50 billion bailout?
Jan 4th, 2012
by Caleb Lawrence.
Stocks mark small gains on little real news. B of A loses another round. Q 4 earnings estimates fall by more than half, analysts figure 2012 will be great, sure