Apr 13 2009

Bank of America: $931 billion in Loans and Leases. Net Income Fell by $11 billion in 2008. Gear up for Financial Earnings Season.

The market is now fully engaged in earnings season.  Market sentiment stocks like Alcoa reported a loss bigger than analyst had expected but all eyes are focused on the financial industry.  That is why when Wells Fargo announced an early $3 billion profit, the markets went into full rally mode.  Yet once you dig into […]

Apr 9 2009

Wells Fargo: $865 Billion in Loans. Time to Really Examine the Wells Fargo $3 Billion First Quarter Expected Bounce. $57 billion in Pick-a-Pay Loans Still Waiting.

It was rather stunning to see the market react so positively to a bank that has received $25 billion in taxpayer money turn a profit of $3 billion in the first quarter, which also included the FASB mark to market rule adjustment.  What many people have seemed to forget in the last few weeks is […]

Apr 7 2009

Credit card companies shut down 8 million credit card accounts in February while accepting more Bailout Credit Cards from the U.S. Treasury. 400 Million Credit Card Accounts still open.

Many American households have been strapped for money for many years.  The benefit of having a debt bubble is the ability to cover up troubling economic trends and drown out any noise while people feed at the bubble.  During this time, credit was easily accessible and many families used credit cards as a bridge loan […]

Apr 5 2009

24 Million Americans Unemployed or Working Part-time but Available for Full-time Work. Why This Recession Feels Much Worse to Average Americans.

During the height of the Great Depression in 1933 with unemployment hitting its peak, 13 million Americans found themselves out of a job.  This translated to 1 out of every 4 workers in the civilian labor force.  You may be wondering how is it that we have recently heard rumblings that this recession may have […]

Apr 2 2009

Employment a Lagging Indicator? Not Always. Using Outdated Economic Data and Trends for Future Financial Models. Just Because Stocks Rebound doesn’t Mean the Fundamentals are Good.

The markets are continuing on an unrelenting upward movement since their March 9th lows.  This is a strong rally that has now seen the S&P 500 jump up by 25 percent in the matter of a few weeks!  This kind of market volatility is reserved for highly volatile and troubled markets.  It is a rare […]

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