Regulatory update

By now it’s a dead horse – but hey, let’s beat it some more. I repeat myself here to help concepts take root in my beloved readership and also because I recognize that the blog is picking up new readers frequently who may not be up to speed with...

Jobless data

Today unemployment figures for the previous were released and they were worse than expected with an increase in those seeking unemployment benefits of ~32,000. While not a positive number, I have to emphasize that 32,000 newly unemployed over a U.S. population of...

It’s not panic time

Good morning everyone! Most likely you have seen that the stock markets have been down and sharply over the last few sessions, yes? So is it panic time? I believe not. Many investors, myself included, looked at the massive run up in share prices over the prior many...

Retail sales down for April

Hello everyone, Retail sales figures were released today for the month of April and they were down 0.4%. Economists had expected a more modest decline of 0.1%. While the decline was more than expected, it was an improvement over March’s revised decline of 1.3%....

Bank pay overhaul?

The Presidential Administration of Barack Obama is considering reforming the way financial institutions pay their employees. Primarily they are trying to align pay with long-term performance. It’s about damned time. Power to enforce such measures would come from...

About the stress tests by the Treasury Secretary

Happy Friday everyone! I am heading out to see the new Star Trek movie! Oh yeah! I’ll let you all know how it is…early reviews all love it. For today’s post I wanted to copy yesterday’s op-ed piece by U.S. Treasury Secretary, Timothy Geithner....