Goodbye, Green Shoots
The FT's John Authers (video clip) on market reaction to today's US payrolls data, which were
Male Worker Jobless Rate In June: 10.6 Percent
A summary of today's BLS report from Bob Feldman: The official "seasonally adjusted" unemployment rate for
Delasantellis on Realtors' Latest Lobby Effort
From his Asia Times column: Cheating still beats real work By Julian Delasantellis Asia Times July 2d, 2009 A colleague
California to Issue IOUs at Discount?
The creator of the fine website Across the Curve had the following to say about the situation on California tonight:
Banker: "This Is a Phenomenal Environment"
One more from today's FT: Radical shift in the banking power base By Patrick Jenkins and Jane Croft
Behind Banks' Credit Card Moves
Another FT article goes deeper into the increasing danger credit cards are putting banks into, and what they're
Citi Raises Rates on Cardholders
This is before new regulations come into effect that prevent them from doing this very thing come into effect in
More Speculation on Demise of the PPIP
From Wall Street Pit: Financial Crisis: The Two Sides of the Balance Sheet Wall Street Pit By James Kwak|Jun
Eurozone Moves into Deflation for First Time
From The Financial Times: Eurozone inflation turns negative By Ralph Atkins in Frankfurt Financial Times Published: June 30 2009 11:
WSJ: Why Cleaning Banks' Books Is So Hard
It was almost impossible to get this without being a subscriber, so I'm reproducing it in full (here&
Steep Increase In Fannie/Freddie Delinquencies
This is bad news: Fannie and Freddie mainly deal in prime, not subprime, mortgages. Job losses are the culprit. From
More Background on Coup in Honduras
As the situation in Honduras continues to unfold in unexpected ways, we recommend reading the posts from the America'