| Revisiting the Credit Crisis |
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| Last week the Asset Backed Security market came to a grinding halt and U.S. bank failures reached 103 for the year. The U.S. financial system looked stressed just like it did during the Credit Crisis. More reason to think conditions are still far from being back to normal. - 07-29-2010 |
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| 8 More Reasons for a Double-Dip Recession |
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| As companies continue to report earning above expectations, the economic numbers continue to weaken and the case for a double-dip recession continues to strengthen. Here are eight reasons why another recession is imminent. - 07-28-2010 |
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| Flaws of the European Stress Test |
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| We’ve known about the European financial crisis for several months. We also know that the European Union approved a $1 trillion aid package. Why is the stress test needed? Is the stress tests only purpose to massage the masses into a comfort zone?
- 07-27-2010 |
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| EU Banks Rally on Invalid Stress Tests |
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| The EU bank stress tests indicated there were few problems in the system. Even though they have been roundly criticized as merely a PR gambit, bank stocks rallied on the results nevertheless. When markets rally on false numbers disaster usually follows as was the just case with the phony Greek debt statistics. Apparently, the Europeans have yet to learn their lesson. - 07-27-2010 |
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| New Home Sales: No Real Rebound |
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| The Commerce Department released June new home sales today and claimed they were up 24%. This is only the case if you take into account the May figure being revised downward to 267,000. The previous number reported for May was 300,000, which was an all-time low. No matter how you look at it, new home sales are at a depression level. - 07-26-2010 |
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| Up 10 Percent in 15 Days - Is The Bear Market Over? |
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| It’s easy to get caught up in something that feels so good, such as rising stock prices. Over the past few weeks, the markets have gained nearly 10%. The obvious question is whether this marks the end of the bear market or if we are about to fall victim to another sucker rally.
- 07-26-2010 |
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| UK Q2 Growth Overstated By Error in Construction Numbers |
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| The UK released its second quarter GDP figures today and claimed that the economy grew by 1.1% in the last three months. Looking inside the numbers however indicates that this is highly unlikely. The biggest contributor to growth was construction spending. This supposedly increased by 6.6% indicating a big building boom was taking place, although there isn't any real world evidence of this. The UK changed how it calcuated its construction numbers and this is the obvious source of a significant error. Correcting for this, the UK economy doesn't look like it's in very good shape. - 07-23-2010 |
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