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 […]

Mar 9 2009

The Red, White, and Blue Queen’s Race: The Economy Reverts to Historical Inflation Patterns: Stock Market and Real Estate Fall back in Line with Inflation. Working Harder Just to Stay in the Same Spot.

The Red Queen’s race is a situation that appears in Lewis Carroll’s Through the Looking-Glass where one has to run faster and faster just to remain in the same spot.  Imagine a treadmill that increases in speed every 10 minutes yet you don’t burn calories at the higher rate.  Many Americans are feeling as if […]

Mar 3 2009

Gas Prices going up and Bailing out a Hedge Fund: Why the Average American is Getting Bailout Fatigue. TALF a bailout for Corporations under guise of Lending for Average Americans.

Most Americans are having a challenging time digesting the bitter fruit of all the financial news coming from Wall Street and D.C.  It is hard for many to wrap their brains around what is going on.  In fact, today Ben Bernanke just stated that AIG was operating like a hedge fund.  Which of course begs […]

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