by Jason Apollo Voss | 23 09 2009 | Blog
A former Moody’s analyst is testifying before Congress today about what he claims are deceptive practices on the part of the credit ratings firm. Moody’s evaluates the credit worthiness of firms and of the debt securities that they issue. In turn these...
by Jason Apollo Voss | 21 09 2009 | Blog
Happy Equinox, I hope that everyone had a pleasant weekend – the biggest news for me is that the Broncos are 2-0. Who’d a thunk it? There is a very telling interview today in the WSJ with the head of the largest advertiser in the world, WPP Group’s,...
by Jason Apollo Voss | 18 09 2009 | Blog
I was at a Borders bookstore recently when I saw an interesting title for a bio of FDR: “Traitor to His Class.” That aptly describes me when it comes to the ridiculous and outsize pay packages that Wall Street has notoriously awarded for decades. Now the...
by Jason Apollo Voss | 17 09 2009 | Blog
Weekly jobless claims declined last week by a modest 12,000. The four week average, which aims to smooth weekly volatility, declined by 8,750. Given the huge number of jobs in the U.S., I would consider this to be flat job market performance. This is slightly...
by Jason Apollo Voss | 17 09 2009 | Blog
Further proof that normalcy is almost, well, normal again: housing starts were up in August. The bulk of the 1.5% increase was due to new construction of apartments. Single family residences (i.e. not condos) were down for the first time in 6 months. Additionally...
