Banks Look To Fourth Quarter Trouble
Hope springs eternal. For several months now analysts and investors have believed that the fourth quarter would be a reasonable one for banks. A lot of the bad paper on their balance sheets would…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 35No Help For Homeowners, No Help For Banks
It has been repeated ad nauseam. Housing has to be fixed before the credit markets and banks can recover. Housing has to be fixed so that people who are hard-working souls won’t be thrown…
The Great Treasury Bubble, Or Something Worse….
There has been one asset class which has held up with flying colors: US TREASURIES. It has been a great ride if you hold them, but the yields are reaching a point that signals…
Memo To Congress: Merge The Big Three (GM)(F)
Look at the GM (GM) 10-Q. The company had $3.3 billion in sales, general, and administrative expenses. That is all of those white collar workers, the R&D and product development staffs, the marketing men…
Memo To Congress: Toyota (TM) Already Won
A lot of fat, pork-barreling Congressmen who are supposed to vote on an auto bailout just want to go home for the holidays. Many of them are out of work. They were caught doing…
Media Digest 12/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs. Reuters reports that Boeing (BA) will sign a new deal with machinists.…
Asia Markets And Europe Open 12/2/2008
Markets in Asia were sharply lower. The Niikkei fell 6.4% to 7,964. Honda (HMC) fell on a strong dollar. The Hang Seng was off 4.8% to 13,636. China Life (LFC) and China Mobile (CHL)…
CEO Of The Year Nominees: 2) James Dimon Of JPMorgan Chase (JPM)
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week. The CEOs are chosen on…
The Huffington Post Is Now Worth More Than TheStreet.com (TSCM)
It makes a certain amount of sense. The Huffington Post has raised $25 million at a valuation that the media is putting at $115 million. TheStreet.com (TSCM), which is public, has a market cap…
Palm’s Air Ball (PALM)
Palm, Inc. (NASDAQ:PALM) has just come out with guidance for the end of its quarter. As you might have guessed before reading any further, it lowered guidance. Lower guidance is one thing, but this…
Bernanke Could Do More To Help Economy, But Hasn’t Bothered
Gradualism may end up being the failing global economy’s worst enemy. Many analysts don’t think that the Paulson plan’s $700 billion war chest was enough. Obama’s economic team may have to go back to…
Harvard Dumps Private Equity Holdings
Harvard is the richest university in America. Last month, its endowment value was pegged at $37 billion. But, the managers of that pot are panicking like rookies, hitting the exits trying to dump its…
10 CEOs To Go For 2009: Mel Karmazin of SIRIUS XM (SIRI)
It is December, and it is time for many companies to review their existing plans and decide to make some major changes in 2009. SIRIUS XM Radio Inc. (NASDAQ: SIRI) now stands at a…
The Government’s Recession Versus Your Recession
As if you did not notice, the US economy is in a recession. We have been maintaining that for just about the whole of 2008. Now today we have the official data from the…
10 CEOs To Go For 2009: Rick Wagoner of GM (GM, F)
It is already December and it is time for corporations to have at least started their reviews for how to improve in 2009. Those reviews will involve many management reviews, and many companies would…