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Monthly Archives: January 2010

2009: The Immaculate Deception

2009 was the year of the immaculate deception. Desperate times called for desperate measures. In March, the broad US stock market averages were nearing a point that was 60% below their 2007 peak. Federal programs to address the crisis were initiated under the previous White House administration, and then carried on and expanded with the current one. The Treasury Secretary pronounced he would do […] Read the rest of this entry »

Bubble Watch

I have contended for months that we have entered bubble #4. To be fair, many international stock markets are a little frothy too (including the markets we’re invested in), but those markets have economies that have the capability to grow organically as opposed to merely from federal government stimulus. This makes them less over-priced and less of a concern, but still subject to near […] Read the rest of this entry »

December 2009 Employment Report

Last Friday saw December’s employment data released from the Federal Bureau of Labor Statistics (BLS). If you were in the business of pedaling Wall Streets’ wares, you wanted to see it as good news. This is what you saw: The unemployment rate remained at 10.0%. Since the previous month showed a decline from 10.2%, the 10.0% seems to indicate we’ve initiated a downward trend […] Read the rest of this entry »

Banks Repaying TARP will slow the recovery

The big US banks are rushing to repay their TARP loans because they believe they will be seen as weak banks if their competition does not have TARP funds but they do. Being seen as weak will penalize the stock price and potentially make the banks a takeover target. If you are a big bank senior executive — other than your multi-million dollar undeserved […] Read the rest of this entry »

US unemployment figures: comic tragedy

The Bureau of Labor Statistics (BLS) indicated that July unemployment dropped from 9.5% to 9.4% — back in early august. Being a close follower of economic & employment data, I was shocked that the unemployment rate fell. I was anticipating a rise to 9.6%. Well dear reader, it is “deju vu all over again” .  The BLS told us that November unemployment dropped from […] Read the rest of this entry »