Archive - Jul 21, 2010 - Blog entry
California Pension Giants Bounce Back
Submitted by Leo Kolivakis on 07/21/2010 20:22 -0500Both CalPERS and CalSTRS bounced back from the disaster of 2008, but they're not out of the woods and still face considerable challenges ahead.
No Wonder the Outlook for the Economy is "Unusually Uncertain" ... the Fed is Killing It
Submitted by George Washington on 07/21/2010 17:33 -0500D'oh!
Government Admits Health Care Bill is a "Tax" ... Oh, and the Bill Tracks and Taxes Physical Gold Transactions
Submitted by George Washington on 07/21/2010 17:08 -0500Wonderful...
Hazy – Hot or Not?
Submitted by Bruce Krasting on 07/21/2010 16:13 -0500It is hot. And it is hazy. This is a different Hazy. One who may, or may not, be hot.
Banks Still Aren't Lending; Credit Crunch Continues
Submitted by Econophile on 07/21/2010 14:49 -0500If you closely read the commercial bank Q2 reports, their loan activity continues to decline which shows that out in the trenches, credit continues to contract.
Why I’m Not Buying the US Stock Rally
Submitted by madhedgefundtrader on 07/21/2010 07:45 -0500Tempt me all you want, you seductive vixen. A weak summer rally in a bear market, something to be avoided like the clap. Change your slumming ways, and I might take a second look. A surreptitious visit to the local free clinic might help too.
On Goldman’s Latest Earnings Results…
Submitted by Reggie Middleton on 07/21/2010 07:00 -0500CNBC (the world’s biggest Goldman cheerleader) reports “Goldman Sachs’ Revenue Falls, but Profit Beats Views” even as Bloomberg reports “Goldman Sachs Profit Falls 82%, Misses Estimates on Trading-Revenue Drop”. Whoah… It’s hard to get a straight answer out of these news guys, ain’t it?
