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Dow 10318.16-14.28
S&P 500 1091.38-3.52
Nasdaq 2146.04-10.78
10 Yr. % 3.356+0.007

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Market Headlines:
    November 20, 2:39 pm: Yields on three-month T-bills are back at 0.005% after spending part of Thursday and Friday in negative territory - considered extreme risk aversion, where institutional investors are paying the government just to safely hold their money - but John Jansen says compared with last fall, this time negative rates are just a technical phenomenon. 1 comment!
    November 20, 2:27 pm: Boeing's (BA) incentives for building its 787 Dreamliner plant in South Carolina could go from $250M up to a little over $400M, "depending on how you cut the apple," says Governor Mark Sanford. The facility will be Boeing's first outside Washington state, and the company has about 840 orders for the new plane. 3 comments!
    November 20, 2:06 pm: Stocks cut losses and the Dow nearly moved into positive territory before retreating again, but it's an open question whether equities are headed for their first down week of the month. With an hour to go, the Dow -0.2% to 10,308; S&P 500 -0.4% to 1,090; Nasdaq -0.6% to 2,143. Crude -0.8%. Natural gas +2.1%. Gold +0.7%, on the cusp of $1,150. Post your comment!
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The Banking System Is Sitting On It’s Hands

It’s time for another quick look at the United States banking system. Whoops! Nothing happening there. Are... Read more »

June 19, 2008

A Real Stimulus Plan

There’s been a slew of good news lately, including improved consumer sentiment, lower than expected job losses,... Read more »

June 19, 2008

Bank of America Dot Gov

It is becoming clearer and clearer what it means to have government involved in the affairs of banks and businesses.... Read more »

June 19, 2008

What If The Fed’s Isn’t Printing Money Like A Drunken Sailor?

What if conventional wisdom about the Fed is wrong and it isn’t printing money like a drunken sailor? Well…that... Read more »

June 19, 2008

Don’t Worry About The Debt Tsunami Part II

Recently I wrote that the forward calendar of to-be-issued government and mortgage related debt isn’t going... Read more »

June 19, 2008

Renouncing The Debt

There are three ways to get out of a debt crisis. First, you can work off the debt, but this takes a long time.... Read more »

June 19, 2008

Don’t Worry About The Debt Tsunami

It looks like in the next few years newly issued Treasury and agency guaranteed residential mortgage debt may... Read more »

June 19, 2008

Natural Resources, Energy and Precious Metals Update

Many investors are somewhat dazed and befuddled as they watch what used to be called “The Natural Resources... Read more »

June 19, 2008

What Banks Aren’t Telling Us?

I am still worried about what banks aren’t telling us.  Why?  Total Reserves in the banking system have increased... Read more »

June 19, 2008

Long Term Bond Yields and the Fed

The Federal Reserve is trying to hold down long term interest rates. The reason? To stimulate economic activity... Read more »

June 19, 2008