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Foreclosures At A Four-Year Low in 2011, Look For An Increase In 2012

January 12, 2012

The LA Times – Foreclosures expected to rise, pushing home prices lower Banks are getting more aggressive with the 3.5 million U.S. homes with seriously delinquent mortgages, setting the stage for a big wave of foreclosure action this year. California and other states are likely to see an enormous wave of long-delayed foreclosure action in… Continue reading Foreclosures At A Four-Year Low in 2011, Look For An Increase In 2012

Newsclips

European Banks

January 12, 2012

Bloomberg.com – Jonathan Weil: Financial Frankness Is a Bad Dream for a Bank There’s a simple explanation for why the world’s zombie banks remain so reluctant to write off worthless assets and tap the equity markets for fresh capital. They don’t want to end up like UniCredit SpA. (UCG) This month has been a nightmare… Continue reading European Banks

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Newsclips

The Federal Reserve Appears More Optimistic

January 12, 2012

MarketWatch.com – Fed’s Beige Book more upbeat about economy Economic conditions improved as 2011 drew to a close, according to the Federal Reserve’s latest survey of economic conditions released on Wednesday. The Beige Book survey of business contacts in the Fed’s 12 districts said economic activity increased “at a modest to moderate pace.”This rate is… Continue reading The Federal Reserve Appears More Optimistic

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Hedge Funds Look For A Profit In Greece

January 12, 2012

Bloomberg.com – Hedge Funds Try to Profit From Greece as Banks Face Losses Hedge funds in New York and London are trying to profit from trading Greek government bonds as European banks brace for losses from a debt swap. Saba Capital Management LP, founded by former Deutsche Bank AG (DBK) credit trader Boaz Weinstein, York… Continue reading Hedge Funds Look For A Profit In Greece

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Newsclips

Corporate Debt

January 12, 2012

Bloomberg Businessweek – Debt Downgrades to Rise ‘Substantially’ in 2012, Moody’s Says Corporate ratings downgrades in Europe, the Middle East and Africa will “substantially” exceed upgrades this year as the sovereign debt crisis hampers economic growth, according to Moody’s Investors Service. The ratio of downgrades to upgrades soared to nine in the last three months… Continue reading Corporate Debt

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Cartoons

January 12, 2012

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Charts of the Week

Conference Call Presentation/Charts of the Week

January 11, 2012

Conference Call Presentation/Charts of the Week audio webcast Topics Covered This Week Include: Summary/Conclusion 2011 A Disastrous Year For Hedge Fund Managers 2011 A Disastrous Year For Mutual Money Managers Poor Performance Is NOT A Function Of Bad Market Calls Correlations Are Still High Central Bank / Government’s 13 Digit Solution Centrally Planned Markets Measuring… Continue reading Conference Call Presentation/Charts of the Week

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Money Management’s Bad Year

January 11, 2012

Bloomberg.com – Hedge Funds Sit Out Stock Market Rally Rallying stocks have done little to entice professional money managers back to U.S. equities. A gauge of hedge-fund bullishness measuring the proportion of bets that shares will rise climbed to 44.5 last week from 43.9 at the end of 2011, holding close to the lowest level… Continue reading Money Management’s Bad Year

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Newsclips

Looking For Another Debt Ceiling Increase

January 11, 2012

<Click on chart for larger image> Comment As the chart above shows, the U.S. hit the debt limit again.  As was the case in May through August, the U.S. Treasury is using financial alchemy to keep total debt under this limit.  They can get away with this for a few months, but not forever. As… Continue reading Looking For Another Debt Ceiling Increase

Newsclips

The Federal Reserve Made $79 Billion Last Year

January 11, 2012

Federal Reserve – Press Release The Federal Reserve Board on Tuesday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $76.9 billion of their estimated 2011 net income to the U.S. Treasury. Under the Board’s policy, the residual earnings of each Federal Reserve Bank, after providing for the costs of… Continue reading The Federal Reserve Made $79 Billion Last Year

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Newsclips

Romney Wins New Hampshire, Remains In A Commanding Lead For The Republican Presidential Nomination

January 11, 2012

<Click on chart for larger image> The Wall Street Journal – Romney Wins New Hampshire Mitt Romney claimed a comfortable victory in New Hampshire’s Republican primary election Tuesday, giving him wins in the first two presidential nominating contests after his photo-finish ending in Iowa a week ago. Mr. Romney’s convincing victory here, in a state… Continue reading Romney Wins New Hampshire, Remains In A Commanding Lead For The Republican Presidential Nomination

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ETF Assets

January 11, 2012

<Click on chart for larger image> The Financial Times – ETF glow fades for US investors A record number of new US exchange traded funds failed to attract substantial investor demand last year, leaving fund operators facing losses in one of the first signs that the industry’s explosive growth may have peaked. ETFs allow investors… Continue reading ETF Assets