May 15 2009

The New American Austerity: Getting By with Less Debt and Less Money. In What Sectors are Americans Spending Less Money?

The Census Bureau reported on Wednesday that for the month of April retail sales came in at $337 billion, a decrease of 0.4 percent from the month before.  The market reacted to this news and headed lower.  If we pry into the data beyond the headline number, we will see that retail sales are actually […]

May 11 2009

Following the Failed Japanese Economic Playbook: 10 Charts Comparing the Japanese Lost Decade to the United States.

Even as early as last year, anyone trying to compare the circumstances of the United States with the lost decade in Japan appeared to be out of line with mainstream economist and the media.  Yet if this financial crisis has taught us anything, it is that the experts can be wrong by a wide margin.  […]

May 9 2009

24,700,000 Unemployed or Underemployed Americans: Job Losses Accelerate with 6 million unemployed over last year. Real Unemployment rate now at 15.8 Percent.

It is hard to believe what is taken as good news.  539,000 jobs were lost in April yet this was taken as a positive because it wasn’t 600,000.  Forget about the fact that the revised number for March was moved upward to 699,000 from an initial 663,000.  So it may be the case when the […]

May 4 2009

S&P 500 up 34 Percent in Less Than 2 Months: S&P 500 went down 38 Percent for all of 2008. So why are we Still Down 42 Percent from the 2007 Peak?

We are witnessing one of the strongest bear market rallies in history.  This kind of market volatility only rears its head during extreme environments.  One quick fact many market watchers will realize is that if you lose 50 percent of your portfolio, you will need to have a 100 percent gain to break even.  How […]

May 2 2009

FDIC Insures $4.7 Trillion in Deposits with a $13.6 Billion Deposit Insurance Fund. This is Like Going into a Hurricane with a 99 Cent Store Umbrella.

On Friday, three banks failed and the FDIC took them over.  Now this isn’t the big news necessarily.  What it significant is that one of the banks taken over was Silverton Bank of Atlanta, Georgia.  Silverton bank has $4.1 billion in assets and will cost the FDIC $1.3 billion from their dwindling insurance fund.  This […]

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