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August 3, 2010
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<Click on chart for larger image> Calculated Risk (blog) – Growth of Problem Banks (Unofficial) This graph shows the number of banks on the unofficial list. The number of institutions has more than doubled since early August 2009 – even with all the bank failures (failures are removed from the list). The number of assets… Continue reading Problem Banks And Failed Banks In Pictures
The Independent (UK) – Stephen Foley: It won’t take much for fears of a lost American decade to become reality If the stock market’s reaction to his testimony before Congress this month doesn’t jolt Federal Reserve chairman Ben Bernanke out of his complacency, then maybe the little tap on the shoulder he got from his… Continue reading A Lost Decade
The Wall Street Journal – Try as Investors Might, So Much Depends on Chance Forget about who’s the hottest fund manager, which is the best-performing fund or which sector appears to be the best bet. The biggest factor in long-term returns is how the financial markets happen to perform during the 30 or so years… Continue reading Stocks vs. Bonds
<Click on chart for larger image> The Telegraph (UK) – Hot political summer as China throttles rare metal supply and claims South China Sea The United States and Europe have been remarkably insouciant about supplies of rare earth minerals so crucial to frontier technologies, from hybrid engines to mobile phones, superconductors, radar and smart bombs.… Continue reading Differing Views Of China
The Financial Times – Economic Outlook: Data to show EU and US divergence Last week, the euro rallied to its strongest level against the dollar in almost three months as concerns emerged about the strength of the US economy and investors appeared reassured by the results of the European bank stress tests. That trend appears… Continue reading The Economy
<Click on chart for larger image> Bloomberg.com – Fed Finding No Good Deed Goes Unpunished With Mortgage Bond Trades Failing For all the good the Federal Reserve’s $1.25 trillion of mortgage-bond purchases have done, they’ve also left part of the market broken. By acquiring about a quarter of home-loan bonds with government-backed guarantees to bolster… Continue reading Mortgage Fails
Zero Hedge (blog) – Alan Greenspan: “The Financial System Is Broke” For the definitive confirmation that the Fed is and has always been very open to, at least philosophically, pushing the market higher no matter what the cost (if not in practice – they would never do that, oh no, Liberty 33 would never stoop… Continue reading Alan Greenspan Is Not The FOMC Chairman, But He Plays One On TV
The Wall Street Journal – Big Investors Fear Deflation Bill Gross Among Those Bracing for Possible Decline in Prices: ‘It’s Happening’ Some of the world’s leading investors are becoming more worried about deflation and are re-shaping their portfolios to prepare for a possible period of falling prices. Bond-fund heavyweight Bill Gross, investment manager Jeremy Grantham… Continue reading Deflation
<Click on chart for larger image> The Wall Street Journal – Sleepy Treasurys Market May Awaken Soon The main gauge of volatility in the Treasury market, Merrill Lynch’s MOVE index, stood Thursday at 75.9, close to the levels it was in July 2007, just before the financial crisis erupted. The index, which is released with… Continue reading Volatility
<Click on chart for larger image> USA Today – Homeownership rate continues to slide sliding since the housing bubble burst in 2006. The rate fell again in the second quarter of this year to 66.9% — the lowest since 1999 — from a peak of 69.4% in 2004, the Census Bureau says. “Anybody who knows… Continue reading Homeownership