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Daily Archives: December 11, 2008

Posted Without Comment: Deflation

Posted: December 11, 2008 at 7:18 am

According to Reuters, The "nasty" U.S. recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a ...
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Early Bird Analyst Upgrades & Downgrades (BLL, ONXX, RTP, TEF, ALV, ETEL)

Posted: December 11, 2008 at 7:04 am

These are some of the early bird analyst calls we are seeing from Wall Street analysts this Thursday morning:Ball Corporation (NYSE: BLL) Raised to Buy at Citigroup.Onyx Pharmaceuticals (NASDAQ: ONXX) ...
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Costco (COST): Making The Poor Feel Rich

Posted: December 11, 2008 at 6:43 am

Wal-Mart (WMT) reported strong same-store numbers for its most recently reported period. New data from MasterCard (MA) indicates that almost every other retailer in the country was bloodied during the ...
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California Crisis & California Muni Funds (BCK, BFZ, BCL, BJZ, BZA, MYC, CEV, EVM, CCA, IIC, NAC, NQC, NCA, NVC, PCQ, PCK, VCV)

Posted: December 11, 2008 at 6:39 am

With 'the Governator' saying California is on the verge of financial Armageddon, there is concern about billions of investor dollars in municipal bond funds.  This raises many questions about that ...
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China

China Oil Imports Drop

Posted: December 11, 2008 at 6:27 am

China used to be heated by wood and coal fires. It looks like those days are coming back Reuters says that China oil imports hit their lowest level this year. ...
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California And The Great State Bailout

Posted: December 11, 2008 at 6:19 am

Muscle man Arnold Schwarzenegger has told the California legislature that the state is out of money. California's budget deficit is up $3.6 billion since the last estimate early this year. ...
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Russia

Vladimir Putin: OPEC’s New Best Friend: Oil Is Going Much Higher

Posted: December 11, 2008 at 6:02 am

Vladimir Putin must be unhinged. Just a few months ago he was able to wage war on his neighbor and threaten the West by saying that he would withhold his ...
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The Spanish Inquisition Comes For Henry Paulson

Posted: December 11, 2008 at 5:41 am

A man runs from a burning house covered with soot and with his hair and clothing aflame. A fireman stops him and asks, "What was your strategy for coming out ...
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Newspaper

Media Digest 12/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 11, 2008 at 3:52 am

According to Reuters, the House passed a $14 billion bailout bill.Reuters reports that according to Mastercard (MA) retail sales fell sharply in November.Reuters writes that Congress criticized Treasury over its ...
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Asia Markets And Europe Open 12/11/2008

Posted: December 11, 2008 at 3:23 am

Markets in Asis were mixed. The Nikkei rose .7% to 8,720. Honda (HMC) moved up on hopes of a US car company bailout.The Hang Seng dropped .3% to 15,534. The ...
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