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Market Headlines:
    November 6, 9:59 pm: Regulators close four more banks, in California, Michigan, Minnesota and Missouri, bringing 2009's bank-failure total to 120. Combined estimated cost to the FDIC's Deposit Insurance Fund of today's five failures: $1.5B. United Commercial Bank, based in San Francisco, was the latest and largest closure. Post your comment!
    November 6, 4:00 pm: Squid flu? Growing frustration over reports that Goldman Sachs (GS) (along with big employers including Citigroup (C) and Morgan Stanley (MS)) is receiving hundreds of H1N1 vaccines before many hospitals do. David Weidner has a reader's limerick: "As jobless rates keep getting worse/The bankers cut lines to the nurse/Bad debts they accrue/But when there's swine flu/They finally turn risk-averse." NYC's health commissioner defends the distribution. 6 comments!
    November 6, 3:48 pm: A standoff is in the works as Kraft (KFT) faces a Monday "put up or shut up" deadline from the U.K. Takeover Panel in its bid for Cadbury (CBY) - whose earlier rejection suggested that Kraft might have to raise its $16.7B bid (a 31% premium at the time). But no other suitors have emerged. Since the offer: KFT -4%, CBY +33%. 1 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