Archive - Jul 13, 2010 - Blog entry

The funded ratio of the typical corporate U.S. pension plan fell 6 percentage points in June to 74%, its lowest level since February 2009, when the funded ratio was 73%.

The iPhone 4, arguably Apple's most important launch since the original iPhone in 2007, may very open the door to competition that Apple doesn't want and very well may have a problem pushing back if they get their foot in the door.

There is a lot to like about the 10th largest bank in Texas, but concerns about their Commercial RE portfolio are increasing. Nonperforming loans increased dramatically and early stage delinquencies have risen as well.

Rosenberg argues the nominal yield curve would be inverted right now if it were not for the fact that short term rates are essentially at zero.

For the first time in history, the world is attempting to pull off an economic recovery without an engine. Except for the US, every major economy is now simultaneously cutting spending while raising taxes, with hugely deflationary consequences. What are the consequences for asset prices everywhere? The oceans of red ink bleeding from your screen last week told the whole story.

A Chinese credit rating agency downgraded the U.S. sovereign debt rating to AA with a negative outlook, along with other major Western nations, while slamming its Western counterparts.

Why isn't the popular financial media reporting the fact that Greece's funding costs increased after the $1 trillion dollar bailout? Why isn't it pointed out the Portugal's credit rating has been dropped - post bailout? Exactly what is $1 trillion US dollars good for these days - trick question, but I dare 'ya to answer :-)