fomcminutes20100810 Bloomberg.com – Fed Officials Saw Risk of Sending Wrong Policy Signal Some Federal Reserve officials were concerned that a decision to keep securities holdings unchanged would inadvertently signal an intention to resume large-scale asset purchases, minutes of the Aug. 10 meeting showed. Also, a few policy makers said the economic effects of the decision… Continue reading The Federal Reserve
<Click on chart for larger image> The Wall Street Journal – Home Prices Rise; Outlook Dims U.S. home prices continued to rise in June, but housing-market turmoil since then suggests they could fall in coming months. The S&P/Case-Shiller 20-city index of home prices gained 1% in June from a month earlier and was up 4.2%… Continue reading Home Prices Rise
<Click on chart for larger image> Thestreet.com – Peter Morici: Obamanomics Failing to Create Jobs With thousands of young college graduates moving in with parents and returning Iraq War veterans facing long-term unemployment, President Obama is scrambling for cover. The unemployment rate will likely creep up a bit closer to 10%, as more Americans drain… Continue reading Jobs Are Still Not Being Created
The Wall Street Journal – FDIC Finds 829 U.S. Banks at Risk More than a 10th of U.S. banks remain at risk of failure even as some industry indicators, including credit quality, show some nascent signs of revival. The Federal Deposit Insurance Corp. said Tuesday that 829 of the nation’s roughly 7,800 banks were on… Continue reading U.S. Banks Are Still At Risk
<Click on chart for larger image> The Washington Post – Federal spending rises a record 16% in 2009, Census Bureau says Federal domestic spending increased a record 16 percent to $3.2 trillion in 2009, the Census Bureau reported Tuesday, largely because of a boost in aid to the unemployed and the huge economic stimulus package… Continue reading Federal Spending In 2009
Thestreet.com – Dow Turns in Worst August Since 2001 Stocks finished Tuesday hugging the flatline as the release of the minutes from the most recent meeting of the Federal Open Market Committee tripped up a light rally on the latest batch of macroeconomic data. The session put a wrap on a beastly August performance for… Continue reading August Ends, September Begins
<Click on chart for larger image> MarketBeat (WSJ Blog) – Europe’s Debt Crisis Is Over. Probably. Or Maybe Not. Is the worst of Europe’s debt crisis over? Or is there more pain coming? Markets aren’t giving a straight answer. At the same time, other parts of the European financial architecture are flashing red, signaling more… Continue reading European Debt Crisis
Marketwatch.com – Paul B. Farrell: Seven lean years: No recovery till 2016 Summer of recovery? Dead. How dead? Remember Genesis? The Seven Lean Years? Add seven years to the handoff from Bush to Obama in early 2009 and you get no recovery till 2016. Get it? No recovery till the end of Obama’s second term,… Continue reading Bearish Sentiment
Zero Hedge ( Blog) – Guest Post: A Termite-Riddled House: Treasury Bonds Right now, we are at a stage where Treasury bonds are as weakened as a termite-riddled house. They look fine: Nice glossy coat of paint, pretty shingles, bright clear windows, sturdy-looking plankings on the open-aired porch. But Treasuries are well on their way… Continue reading Are Treasuries Doomed?
Marketwatch.com – Death of equities may be exaggerated Reports of investors fleeing the stock market may have been overstated. In fact, rather than leaving stocks behind, evidence suggests that investors are ditching U.S. stock mutual-fund managers and putting money into index funds that track established U.S. stock benchmarks as well as international stock funds. Flows… Continue reading The Death Of Equities
Minyanville (Blog) – September: A Merciless Month for Mr. Market? The month of September gives equity investors a sinking feeling and for good reason: Historically, this has proven a bad month for the stock market. Certainly, as summer comes to a close, investors have already suffered a tough stretch. The S&P 500 declined 3.4% month-to-date… Continue reading ‘Tis The Season