Archive - Nov 2009 - Blog entry
November 30th
Pension Tension on the Rise?
Submitted by Leo Kolivakis on 11/30/2009 20:09 -0500In addition to taking a big chunk out of individuals' 401(k)s, last fall's market meltdown left 92% of corporate pension plans underfunded at year's end, according to a study by investment consultant Wilshire Associates. As bad as that sounds, it pales in comparison to the shortfalls in public pension plans.
The Truth! The Truth? Bankers Can't Handle the Truth!!!
Submitted by Reggie Middleton on 11/30/2009 13:27 -0500An empirical analysis of the most recent NY Fed and FDIC loan loss data shows things getting materially worse, despite the $75 billion foreclosure prevention efforts, quantitative easing, zero interest rate policy, and hundreds of billions of dollars of injected liquidity and MBS purchases. What can we expect with even the slightest blip upwards in interest rates... Complete mayhem among many dead banks would be my first guess.
The Tax Code ENCOURAGES Leverage
Submitted by George Washington on 11/30/2009 12:45 -0500Did you know that the tax code ENCOURAGES high levels of leverage?
Climate: We Can ALL Agree On Two Things
Submitted by George Washington on 11/30/2009 12:43 -0500Whatever you think about the leaked emails showing that "tricks" were used to "hide the decline" in the climate data, and the fact that the original source data showing historical climate information was destroyed, you should agree on two things.
A Detailed Technical Update of the S&P cash, S&P futures, DJIA cash, Gold futures, the VIX and the US Dollar Index ... as well as a look into the "Crown Jewel" of Dubai
Submitted by Fibozachi on 11/30/2009 08:50 -0500A Detailed Technical Update of the S&P cash, S&P futures, DJIA cash, Gold futures, the VIX and the US Dollar Index ... as well as a look into the "Crown Jewel" of Dubai
Good morning, worker drones: This Week In Mayhem
Submitted by Project Mayhem on 11/30/2009 04:47 -0500Global warming scam exposed as scientific fraud; Copenhagen summit approaches, Abu Dubai goes bust; financing problems spread to governments, Washington insists on Colombia 'full spectrum' base, new H1N1 bypasses adaptive immunity, Gibbs' Virology paper suggests lab origin, US mint suspends sales of Eagles, Bernanke to run his mouth on Thursday.
Global Trade Indicating V-Recovery?
Submitted by Leo Kolivakis on 11/30/2009 00:25 -0500World trade volumes grew sharply in the third quarter of this year, data from the Dutch CPB research institute showed on Friday, in a further sign that the global economy is pulling out of crisis.
November 29th
What Happens to Citibank's $8 Billion Loan to Dubai?
Submitted by George Washington on 11/29/2009 23:49 -0500Did you hear about Citi's $8 billion dollar loan to Dubai?
Best Buy, Krugman and the Carry Trade
Submitted by Bruce Krasting on 11/29/2009 22:35 -0500What could possibly connect Best Buy, Paul Krugman and the carry trade? The answer is is that everything is connected.
End of Empire – Propaganda and the American Myth
Submitted by Cognitive Dissonance on 11/29/2009 17:15 -0500“Oh what a tangled web we weave, When first we practice to deceive”...ourselves. With apologies to Sir Walter Scott.
Investor Sentiment: Waiting For The "R" Word
Submitted by thetechnicaltake on 11/29/2009 14:01 -0500I am just waiting for someone on CNBC to utter the "R" word: resilient. When you hear that word, make sure you run for the exits.
November 28th
Bankers Want to Continue Protecting Us?
Submitted by Leo Kolivakis on 11/28/2009 22:42 -0500To claim that our pension system is working is simply ridiculous. The bankers will defend their profits but they're not delivering the goods at a reasonable cost.
Dubai: Floating on an Island of Debt
Submitted by asiablues on 11/28/2009 21:15 -0500On a global scale, Dubai World's debt problem seems relatively minor, but it illustrates the impact from one tiny country in an increasingly interconnected world. The Dubai news also cast doubt over the strength of the U.S. economic recovery, and the prospects for a bottoming of property prices.
DuBubble DuBurst
Submitted by George Washington on 11/28/2009 03:09 -0500Background to, and fallout from, Dubai debt crisis.










