Mish's Global Economic Trend Analysis Fri 2009-09-11 18:10 EDT
Dave Rosenberg observes simply awful employment details...65% of companies are still in the process of cutting their staff loads, manufacturing employment fell to its lowest level since April 1941, temp agency employment is still declining, flat workweek, and jobless claims stuck at 570,000 are all foreshadowing continued weakness in the labour market
Minyanville Fri 2009-09-04 19:31 EDT
I'll be staying away from this market for now. However, beware that if hurricane season isn't disruptive and the winter is mild, we can probably expect a major decline in NG prices all along the curve early next year as inventory levels are near record highs and available storage is virtually tapped out. This could devastate the natural gas producer stocks...Many investors think that various natural gas plays in the master limited partnerships (MLP) field (pipelines, processors, etc.) are immune to fluctuations in the price of natural gas. In the short term, this may be true in many cases depending on the type of contracts. However, it's not true in the medium term. I'd be wary of this space at this time as any sort of alteration in pricing of contracts will almost certainly elicit cuts in distributions to shareholders. And since virtually all owners of these stocks buy them for the distributions, any cuts in distributions will likely devastate the share prices -- far beyond what would be theoretically warranted.
Mish's Global Economic Trend Analysis Sun 2009-08-30 12:03 EDT
The second quarter 2009 Quarterly Banking Profile has some interesting charts and facts that inquiring minds will be interested in.Insured Institution Performance Higher Loss Provisions Lead to a $3.7 Billion Net LossMore Than One in Four Institutions Are UnprofitableCharge-Offs and Noncurrent Loans Continue to RiseNet Interest Margins Show Modest ImprovementIndustry Assets Decline by $238 BillionThe Industry Posts a Net Loss for the Quarter The Industry Posts a Net Loss for the Quarter Burdened by costs associated with rising levels of troubled loans and falling asset values, FDIC-insured commercial banks and savings institutions reported an aggregate net loss of $3.7 billion in the second quarter of 2009. Increased expenses for bad loans were chiefly responsible for the industry's loss. Insured institutions added $66.9 billion in loan-loss provisions to their reserves... ``Conventional wisdom regarding money supply suggests there is massive pent up inflation in the works as a result of the buildup of excess reserves...The reality is excessive debt and falling asset prices have rendered the best efforts of the Fed impotent. Banks are not well capitalized, they are insolvent, unwilling and unable to lend.''
15-year high; Bank problem listings; FDIC insured institutions; greater; Mish's Global Economic Trend Analysis; unprofitable.
Thu 2009-07-30 00:00 EDT
Jesse's Café Américain: The Worst Is Yet to Come -- Howard Davidowitz; ``the briefly sunny period in 1930-1 when most economists and public officials agreed that the Depression was already over and the economy was back on track...t was the second half of the great stock decline after the 1929 Crash that did the most damage, because this is when the carnage moved from financial assets and the banks into the real economy''
Tue 2009-04-21 00:00 EDT
Jesse's Café Américain: The Decline of the Dollar as the World's Reserve Currency
decline; Dollar; Jesse's Café Américain; world's reserve currency.
Tue 2009-02-24 00:00 EST
``savings rate is rising, consumption is falling, and the trade deficit is declining''
Fri 2008-11-07 00:00 EST
2008-10-17; ``Judging from a broad basket of commodity prices, we are likely to see declining prices at the grocery stores in the weeks or months ahead''
Tue 2008-09-23 00:00 EDT
Jesse's Café Américain: Dollar Musings and the Potential for a Significant Stock Market Decline; dollar rally
Dollar Musings; Jesse's Café Américain; Potential; Significant Stock Market Decline.
Tue 2008-09-02 00:00 EDT
overstating GDP, understating inflation; ``taking steps towards being a small-minded, elite-dominated, sham democracy...I wonder if there is some unconscious mass desire to give up on the messiness and ambiguity of an open society and surrender to the certainty of one with institutionalized inequality, more authoritarianism, but more predictability, and perhaps an illusion of greater security.''
Banana Republic Status; GDP Release Signals Further Decline; naked capitalism.
Thu 2008-06-19 00:00 EDT
Ron Paul and Dwight D. Eisenhower - True Patriots by Jim Quinn; If as a country we continue to allow our politicians and their military industrial complex corporate sponsors to spend $700+ billion per year on weapons, to the detriment of higher education, alternative energy projects, and national infrastructure needs...as deficits accumulate, the dollar plummets, and inflation rears its ugly head, our great country will decline as other empires who overstepped their bounds declined"
Wed 2008-05-28 00:00 EDT
Fri 2007-12-21 00:00 EST
by Elaine Meinel Supkis; British imperial decline; Smoot-Hartley beneficial to US; US imitating British decline after WW II
Tue 2006-11-28 00:00 EST
Science a la Joe Camel, by Laurie David; National Science Teacher Association declines "An Inconvenient Truth" to protect oil industry funding
