Archive - Sep 21, 2009 - Blog entry
Not as Bad as You Think?
Submitted by Leo Kolivakis on 09/21/2009 21:22 -0500A few brave economists believe fiscal and monetary stimulus, as well as improved productivity, will help the United States bounce back stronger than anticipated, helping it to leap hurdles such as high unemployment, a soaring budget deficit and a beleaguered consumer.
Deficits and Funding Gap - Two Different Things
Submitted by Bruce Krasting on 09/21/2009 21:15 -0500If the budget deficit is $1 trillion per year, how much do we have to borrow? The answer is closer to $2 Trillion. The existing debt has to be refinanced too. Can this be sustained? Forever?
What Non-Accrual Rates Tell Us
Submitted by bmoreland on 09/21/2009 15:03 -0500Bank of America has just over $8 billion in 90+ days past due compared to a little over $14 billion in Non-Accrual. So for every $1.00 they have on Non-Accrual they have $0.57 in potentially near-term charge offs. Naturally, not every...
