Kindergarten Bankers….And Monopoly Money

| January 31, 2012

Looks like we have slow learners here, folks…..$100 billion in write downs, give me a break! Shipping Loans Now Go Bad For European Banks With China rolling over, the large ship containers are increasingly lined up and stacked in Asian harbors around the world. The IHT is out quoting industry observers stating that European banks may be […]

California Hits The Brakes…So What happened?

| January 31, 2012

We ask Governor Brown of California, what happened to those Rosie optimistic solutions and improving tax receipts that you talked about not to long ago? Looks like we have the same skid marks on the road as last year…Can’t anybody come up with a conservative assumption going forward.  Oh ya, that’s right… you were thinking that residents will vote for a tax […]

Things Point To Slowing Again For U.S. Economy

| January 31, 2012

Oh well…the Fed said recently… they worried that much of the recent spending uptick was coming from savings and inventory build up, and it was unlikely to last much longer without an improving fundamental environment! The gradual re-softening of the economy is starting to materialize. The January Chicago PMI just printed at 60.2, missing expectations of an increase […]

Case Shiller: Real Estate Home Prices Continue To Head Lower

| January 31, 2012

More of the same…as personal income falls or flat lines, real estate will continue on a slippery slop. With record low interest rates, people, unlike in past recessions, still carry near record high amounts of debt. It is not indicative of a housing rebound. De-leveraging will continue to be a rage, unbeknown and not understood by most. The November […]

Japanese Population To Shrink By One Third, Workforce To Plunge In Under 50 Years

| January 30, 2012

It’s all about demographics my dear Watson…Japan’s population of 128 million will shrink by one-third and seniors will account for 40 percent of it’s people by 2060.  And NO, we didn’t make this stuff up, it came from Japan’s Health and Welfare Ministry! From AP: Japan’s population of 128 million will shrink by one-third and seniors […]

U.S. Sends Third Aircraft Carrier Group To Persian Gulf

| January 30, 2012

From ZeroHedge…..   We already know that Israel is on edge……the fuse may be looking for a match like a bug looking for a windshield! Here’s a following of US naval developments and deployments in the Arabian Sea, which serve one purpose and one purpose only – to demonstrate US military strength in the Straits […]

Special Tax Relief On Mortgage Debt Forgiveness Ends December 31 Of 2012

| January 29, 2012

Pay attention everyone, we review important details here that could save you or a friend lots of money on real estate debt forgiveness!  Didn’t know there was such a thing?  Well read on….  From the Los Angeles Times Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted […]

Listen Up Class, We Have More On Housing And It’s ‘Worth’ Your Attention, Pun Intended

| January 28, 2012

According to Freddie Mac, while the value of all housing is down 30%, and home equity is down 55%, we see that mortgage debt owed is only down a minestrone 3%. Bottom line, the U.S. housing market is back to the Armageddon high debt-to-equity ratio that was only ever seen during the Q1 2009 economic wipe out, and even worse, we […]

Delinquent Homeowners Get Free Money

| January 27, 2012

Yep, that’s right, if you are a responsible paying citizen you get nothing, but as the The Three Stooges would say, a poke in the eye….we know, yes there are families that really need the help for legitimate reasons, but much of this involves a reward for greed, and irresponsible actions. Oh, how times have changed! The HAMP expansion, called HAMP […]

Q4 GDP Misses Expectations At 2.8%

| January 27, 2012

There has been an abundance of confidence in our system lately, so much so that an abnormal amount of spending has been come from savings, but history shows this often leads to disappointment. This will likely be reflected going forward in the first quarter or half of 2012….. Goldman On GDP: Warns Of Q1 Weakness The change in real private inventories added […]

2011 New Home Sales Fall To Record Low

| January 26, 2012

Negative demographics as far as the eye can see. and it’s reflected in the median price for new homes, which just dropped from $215,700 to $210,300. According to the Census Bureau (not NAR data), December New Home Sales declined from 321K to a seasonally adjusted annualized rate of 307K in December, on expectations of a rise to […]

Bill Gross’ Explains The FOMC Decision

| January 25, 2012

Bill Gross of PIMCO explains Fed decision on Tweeter

Fed Cuts Growth Outlook, Remains Cautious

| January 25, 2012

The FED keeps stretching things out…one take is they are worried about other things not openly discussed…and, maybe worried about the thought that normal things might not go as planned either (but hope springs eternal)!  FED Summary:  No QE3; ZIRP (Zero Interest Rate Policy) Extended Thru 2014 FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE’ MONETARY POLICY FED SEES `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST LATE 2014 FED TO […]

Apple’s Year End Cash Equivalent Of $97.6 Billion Would Make It The 58th Largest Economy In The World

| January 24, 2012

Apple is the American success story of the century.  This is one large pile of cash! After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities). The company’s total cash and equivalents horde is now just shy of […]

Super Solar Storm Hits Earth

| January 23, 2012

So…if your cell phone is a little bit edgy, now you know why! From Washington (AP) The sun is bombarding Earth with radiation from the biggest solar storm in more than six years with more to come from the fast-moving eruption. The solar flare occurred at about 11 p.m. EST Sunday and will hit Earth with […]

The European Predicament

| January 22, 2012

Yep, looks sort of like the European currency and economic predicament….half way over the edge but confused and still thinking everything’s going to be OK!  Hmm…So far, so good! 

Thinking Out Of The Box…In This Case, It’s A Toothpaste Box

| January 22, 2012

This kind of reminds us of the dopes in Washington….clueless as to how to resolve anything in a logical way unless of course it costs us tax payers millions! A toothpaste factory had a problem: they sometimes shipped empty boxes, without the tube inside. This was due to the way the production line was set up, and […]

Our Current Plight Is Looking Worse, Not better

| January 20, 2012

Confidence levels have been rising rapidly…and the government says things are getting better, people are starting to borrow again, using their credit cards more, and out and about in a spending mood….but the exhibit below tells a more realistic story of our current plight.  So, are things really any better then they were?  We’ll let you answer that one! Chart: […]

Philly Fed Misses Expectations As Outlook Nears Cyclical Peak

| January 19, 2012

The six-month ahead outlook for Philly Fed shows a very high level of ‘hope’. Expectations for the data was a 10.3 and it came at 7.3, a definitive miss to expectations. Revisions rise to 7.3 (from 6.8 revised) is heralded (in a short-lived manner) as evidence of improvement. Under the covers though, things aren’t so rosy. New Orders […]

Todays Economic Data Points

| January 19, 2012

Same old same…..things are getting better, but are they really?  Yes they are, but in 2008 we stopped on a dime. The Federal Reserve looks to be worried about deflation. We all should be too! Initial Claims: Initial claims drop from revised 402K (as expected) in last week, to 352K this week, 50K swing in one […]

Kodak Files For Chapter 11 Bankruptcy

| January 19, 2012

It was going to happen sooner or later….a once mighty company, founded in 1880 by George Eastman and renamed Eastman Kodak in 1892, they controlled 90% of the film market by 1976, and were a part of the Dow Jones Industrial Average index for 74 years before being deleted in 2004.  But before anyone gets any […]

Newest Idea In Cell Phones

| January 18, 2012

Interesting new products from the (CES) Consumer Electronics Show in Las Vegas……

Words From A Wise Old Owl

| January 18, 2012

“I have never let my schooling interfere with my education.” – Mark Twain

Chicago Fed President Warns On Savings Drain And New Borrowing Binge

| January 18, 2012

We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday.  In an other ominous sign […]

Germany Cuts 2012 Economic Growth Forecast And Export Outlook

| January 18, 2012

IMF: 2 Year “Funding Gap” Hits $1 Trillion IMF SAID TO SEE POTENTIAL 2-YEAR FINANCING GAP AT $1 TRILLION IMF SAID TO SEEK RAISING LENDING RESOURCES BY $500 BLN Fed Officials Open to Additional Easing as They Monitor Risks to Economy Federal Reserve officials are staying open to further monetary easing this year as they […]

Many Web Sites To “Go Dark” On January 18th In Protest Of U.S. Censorship Bills SOPA/PIPA

| January 17, 2012 supports this important issue.   Protest SOPA/PIPA     For more information on this, click here:

World Bank Warns To “Prepare For The Worst”

| January 17, 2012

No wonder the U.S. is telling Israel to cool they’re heals about Iran…if you want to make a bad situation worse, then start a war in the Middle East and watch oil go to $200 a barrel, then presto, a world depression that would make the 1930’s look like a picnic!   World Bank Cuts Economic Outlook, […]

Baltic Dry Index Drops To Lowest Levels Since January 2009

| January 17, 2012

This points to a global slowing in the economies of the world….The index has fallen for 19 days in a row, down almost 50%, its largest drop since the harrowing period of Q4 2008…….Capice. By definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic […]

The Oldest Cypress Tree In North America Burns To The Ground

| January 16, 2012

“The Senator” was an old friend to many, and besides being the tallest cypress tree in the United States, it was also the oldest of its kind in North America. Even more interesting, it was the fifth oldest tree in the world. Longwood, Florida A 3,500-year-old Central Florida landmark burned to the ground. A fire early Monday […]

U.S. War Exercise Postponed For “Budget Reasons”

| January 15, 2012

Guess the idea is….why waste money on an exercise if the real think is coming?  Or maybe not, as last week Europe wanted western countries to postpone an embargo against Iranian oil exports by 6 months because of poor european economies. The United States and Israel have agreed to postpone a large joint military exercise planned for this spring. The […]

Eastman Kodak Preparing For A Polaroid Moment (Bankruptcy)

| January 12, 2012

So…..back in September Kodak said it was weighing options, then issued a statement saying it has “no intention of filing for bankruptcy” and that it is pursuing patent sales. It looks like Eastman Kodak has about $1.6 billion in debt according to Yahoo Finance.  A Polaroid moment is close to being developed!  Eastman Kodak Co. (EK) is […]

Alaska Gets Hit With 26 Feet Of Snow Since November

| January 12, 2012

While most of the U.S. has had a very mild winter, that is not the case in Alaska. ANCHORAGE, Alaska The worst winter anyone can remember in Alaska has piled snow so high people can’t see out the windows. More than twice the normal snow has already been dumped on Anchorage! “The scary part is, we still have three […]

A Demographic Scoop, And More Demographic Poop

| January 12, 2012

It’s all about demographics my dear Watson….here’s some food for thought! First up let’s study a graph of the Census Bureau historical and forecast data for the peak-spending cohort population in the U.S. from 1980 to 2050. The Age 45-49 cohort peaked in 2009 and will bottom out in 2022 after an estimated decline of […]

Natural Gas Prices Continue To Plummet

| January 12, 2012

The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice.  This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]

Aston Martin’s $1.9 Million Car Will Sell Out

| January 10, 2012

One more” bonus baby” and they’re sold out!  Unbelievable…At the North American International Auto Show in Detroit, Aston Martin’s Julian Jenkins reveals that its  One-77 model at a price point of about $1.9 million is one unit away from sold out.

In The Luxury Auto Market, Records Are Made To Be Broken…And Then Some!

| January 10, 2012

This is truly a statement about the rich.  Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records.  Sales of […]

PIMCO’s El-Erian Again Warns: QE3 Won’t Produce The Outcomes We Want

| January 9, 2012

PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think.  EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]

Consumer Credit Jumps By Most In 10 Years

| January 9, 2012

Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast.  This will be double trouble.  PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit  data from the Fed shows a stunning November in which U.S. households borrowed […]

So Let’s See…. Who Are The 1 Percent?

| January 8, 2012

Sooooo…Let’s Review The Inequity Of It All !

| January 8, 2012

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