Archive - May 30, 2009
Saturday Readings
Submitted by Tyler Durden on 05/30/2009 21:06 -0500- Commercial Real Estate - The economy's anvil (Time)
- First ever global housing-led recession (Dr Housing Bubble)
- Ralph Nader: Obama's GM plan looks like a raw deal (WSJ)
- GM
Roubini On The Failure To Predict Financial Crises
Submitted by Tyler Durden on 05/30/2009 15:02 -0500A very insightful video from the Perimeter Institute in which Nouriel lectures on his interpretation of the lack of vision of bubble participants, as well as the implicit bubble-creation facilitation by regulators and economists.
Definitely worth watching.
Overallotment: May 29
Submitted by Tyler Durden on 05/30/2009 03:39 -0500- Pravda, yes, Pravda: American capitalism gone with a whimper (Pravda)
FDIC's Deposit Insurance Fund Reserve Ratio Plunges To 0.27% Of Deposits
Submitted by Tyler Durden on 05/30/2009 02:29 -0500The FDIC's Deposit Insurance Fund has plunged to an all time low of just $13 billion as of March 31, or 0.27% of $4.8 trillion in insured deposits. It is worth nothing that since March 31, 15 new banks have failed which includes the biggest one so far this year, BankUnited (which Marla has a special fondness for in her heart and will be providing some ongoing entertainment on).
FDIC's Deposit Insurance Fund Reserve Ratio Plunges To 0.27% Of Deposits
Submitted by Tyler Durden on 05/30/2009 02:29 -0500The FDIC's Deposit Insurance Fund has plunged to an all time low of just $13 billion as of March 31, or 0.27% of $4.8 trillion in insured deposits. It is worth nothing that since March 31, 15 new banks have failed which includes the biggest one so far this year, BankUnited (which Marla has a special fondness for in her heart and will be providing some ongoing entertainment on).
FDIC's Deposit Insurance Fund Reserve Ratio Plunges To 0.27% Of Deposits
Submitted by Tyler Durden on 05/30/2009 02:29 -0500The FDIC's Deposit Insurance Fund has plunged to an all time low of just $13 billion as of March 31, or 0.27% of $4.8 trillion in insured deposits. It is worth nothing that since March 31, 15 new banks have failed which includes the biggest one so far this year, BankUnited (which Marla has a special fondness for in her heart and will be providing some ongoing entertainment on).
RIEF Underperforms S&P 4.72% In May, 31.81% Since March
Submitted by Tyler Durden on 05/30/2009 02:13 -0500As the title implies, the siege on Jim Simons fort has entered the endspiel: (g)RIEF has now underperformed the S&P 500 by 31.81% since the beginning of March.
Time to go gentle into that good, if cigarette smoke filled, night?
