[DOW down 200 so far today.] U.S. stocks extended a global slide,
sending the MSCI World Index down the most in two months, as
falling oil and metal prices weighed on commodity producers.
Treasuries rose and the dollar strengthened.
For those who track stock market prices, a general index has always been a good tool.
The one that I like best is the Wiltshire 5000 now named the DJ Wiltshire 5000. With 5000 decently sized companies, it provides a fair sense of market breath for the core of the market itself.
In short, I feel greater confidence drawing inferences from that chart
The leveraged loan market got accustomed to big numbers over the past decade. There's $3.6 trillion, the amount of leveraged loans made since 2000, according to Thomson Reuters' Loan Pricing Corp. There's 735 collateralized loan obligations -- the funds that helped fuel the loan market's
"We," said Queen Victoria, employing the royal plural, "are not
amused." "We," said the Treasury Department, relishing the
royal prerogatives it exercises nowadays, "are gratified that not a
single court that reviewed this matter, including the U.S. Supreme,
found any fault whatsoever with the handling of this matter by either
Chrysler or the U.S. government." Is it lese-majeste to note that
Treasury is being misleading?
The theme-park company, shouldering more than $2 billion in debt, had been negotiating with lenders, selling parks and laying off staff in a race to restructure outside of bankruptcy court. But it couldn't outrun the deteriorating economy...
Mish doesn’t believe in the Plunge Protection Team, nor did he believe that the crushing of gold last year was a big player manipulation to defend the shorts’ in delivery of physical gold which they did not have.
Rising long-term interest rates are making it more expensive for home
buyers, corporations and the U.S. government to borrow money,
threatening to further stifle an already weak economy.
In just the past two weeks, the rate on a 30-year, fixed-rate mortgage
has risen to 5.6 percent from 4.9 percent, ending a boom in refinancing
and working against a budding recovery in the housing market. Rates on
“To set the record straight there has been no official announcement
relating to any potential investors but rest assured our negotiations
are on track and we expect to have a new ownership structure finalized
in the early summer,” Saab said. “Until then enjoy the increased
speculation in the knowledge that the next chapter in Saab Automobile’s
history is just around the corner.”
"GM is currently in negotiations with potential investors, these are private talks and we will not comment any further," wrot
Hartford Financial Services Group Inc said it will take as much as
$3.4 billion of federal bailout money and sell up to $750 million of
common stock to bolster capital after large losses on investments.
The 199-year-old life and property insurer announced its plans after saying Chairman and Chief Executive Ramani Ayer will retire
by the end of the year.
The US consumer is losing a large portion of his net worth and creditworthiness through no fault of his own. And who do you think the average American housewife is going to be blaming for this attack on their home? They are already beginning to wonder who the hell they elected. And somehow, a paean to socialist policies rings pretty hollow when one checks the size of your monthly unemployment payout.
If, and I do say IF, you could make a difference in America, would you spend a dollar? The reality is most Americans, ya I am talking to you!, do not understand politics and the very large value of YOU being willing to spend a dollar a we
“May foreclosure activity was the third highest month on record, and marked the third straight month where the total number of properties with foreclosure filings exceeded 300,000 — a first in the history of our report,” said James J. Saccacio, chief executive officer of RealtyTrac.
The Party is the best in a hundred years. Each time the bill becomes too large the Elephant or Donkey says just add it to our tab. It is two o'clock and the waiters are finally making the party's leave the floor. As the t
At least there's one place in America that's wearing like Teflon
through the recession: Washington, D.C. Most corners of the economy may
be struggling, but in the nation's capital it's boom times, baby.
According to new data, the area's unemployment rate dropped to 5.6%
in April from 5.9% in March. This is the second consecutive month of
improvement for Washingtonians, and it's leagues from the national
unemployment rate, which hit 9.4% in May.
I’ve finally figured out the Obama
economic strategy. President Barack Obama and his team have been
having so much fun wielding dictatorial power while rescuing
“failed” firms, that they have developed a scheme to gain the
same power over every business. The plan is to enact policies
that are so anticompetitive that every firm needs a bailout.
Business is so bad -- and funding so expensive -- that hardly any hotels are being sold these days, and most are now worth 50% to 80% less than at the peak, said hotel broker Alan X. Reay of Atlas Hospitality Group in Costa Mesa.
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