Archive for May 2009

The Cure To The Financial Crisis?

May 21, 2009  ·  Category: Humor
* *In a small town on the South Coast of France, the holiday season is in full swing, but it is raining so there is not too much business taking place. Everyone is heavily in debt. Luckily, a rich ...
Posted by Greg Feirman  ·  No Comments »

NYT: China Grows More Picky About Debt

May 21, 2009  ·  Category: China, Commodities, Geopolitics, Gold, Macro Economics
China bought less than a sixth of the Treasuries issued in the 12 months through March.  Less than two years ago, by contrast, Chinese purchases of Treasuries, which included purchases in the secondary market as ...
Posted by Greg Feirman  ·  No Comments »

Standard & Poors Revises UK Debt Outlook To Negative

May 21, 2009  ·  Category: Government, Macro Economics, Market Commentary
We have revised the outlook on the U.K. to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approach 100% of GDP and remain near that ...
Posted by Greg Feirman  ·  No Comments »

Pension Benefit Guaranty Corp Deficit Increases By $22.5 billion In 6 Months

May 20, 2009  ·  Category: Government, Macro Economics
There is actually a federal "corporation" that guarantees private sector pensions.  Private sector employees with defined benefit pension plans pay an insurance premium to the PBGC which it invests and uses to pay pensions when ...
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Obama Has Dinner With Stiglitz and Krugman

May 20, 2009  ·  Category: Macro Economics, Obama, Politics
On the night of April 27, for instance, the president invited to the White House some of his administration's sharpest critics on the economy, including New York Times columnist Paul Krugman and Columbia University economist ...
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Dr. Brett On The Difference Between Trading And Investing

May 20, 2009  ·  Category: Market Commentary
Several traders that I interacted with today were not able to participate on the long side despite the fact that the stock market was strong throughout the day.  When they explained their selling bias, they ...
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Major Retailers Still Reporting Extremely Negative Comp Sales

May 15, 2009  ·  Category: Stocks
Here are some same store sales numbers for major retailers reporting yesterday and today: JC Penney (JCP) same store sales down 7.5% in the quarter ended May 2, 2009 (JCP Earnings Release). Nordstrom's (JWN) same store sales ...
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200 DMA Is Big Resistance

May 15, 2009  ·  Category: Technical Analysis
The New York Stock Exchange composite index was stopped last week at resistance just north of the 6000 level and just south of its 200-day moving average.  This is the first time in one year ...
Posted by Greg Feirman  ·  No Comments »

State Tax Receipts “Plummetting”

May 14, 2009  ·  Category: Macro Economics
We don't normally use the word plummet but that is the operative word right now. - Robert Ward (subscription required), Deputy Director, Nelson Rockefeller Insitute of Government For all of you who think the economy is recovering, take ...
Posted by Greg Feirman  ·  No Comments »