July 30, 2010

Obama Reviewed, China, TARP Update, Bank of England, Wal-Mart Indicator

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Obama Election Reviewed Everyone is jumping in with there review and assessment of President-elect Obama. Here is what the financial services wonks are saying: Blown Mortgage is tracking Obama's Housing Promises Henry Blodget on the Yahoo! TechTicker is noting Obama already reseting expectations Wall Street Journal is ttracking Economists reactions to Obama Paul Kedrosky says Wall Street doesn't care China Crash Debated Economist Nouriel Roubini, noted economic doomsdayer often attributed with … [Read more...]

Mortgage Rates, Gordon Brown, New Bank Capital, and Credit Crisis in 30 Slides (or Less)

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Mortgage Rate Update: Volatile, Float UK Prime Minister Gordon Brown claims to be leading the world through the global banking crisis and it looks like he may be right, as the US and Treasury Secretary continue to take queues from UK government action. The mounting question on the US financial crisis rescue execution front is: Will banks lend or hoard new capital? Crisis of confidence #2: Recession begins new market slippage. Major US banks begin to report quarterly earnings this week. Harbors … [Read more...]

Good Quick Analysis on UK Bank Bailout

Mish's Global Economic Trend Analysis does a quick, down and dirty analysis of the UK banking bailout. Bailout plan sends European indices and US futures into a predictable downward trend. Mish predicts coordinated US Fed, Bank of England, European Central Bank rate action. … [Read more...]

Global Contagion-UK Banks Need Capital-RBS, Barclays, Lloyds

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The bad part of globalization, Global Contagion! UK banks, RBS, Barclays, and Lloyds TBS met to discuss the potential need for 15 billion pounds each. According to BBC reports the banks are not in need of capital "on paper," but are needing to shore up investor perception of their need for capital and strengthening their balance sheet. The investors definitely took the news of the meeting and "possible" request for government bailout to their stocks: Expect another roller coaster ride today … [Read more...]