I am trying to think of a name for this kind of daily post. Any suggestions?
Freddie Mac loses $800 million
It is all part of the healing process.
Chavez steals a bank
I have a deep dislike of populist politicians, regardless whether they come from the left or the right. Chavez is one of the worst; I don't buy into this "friend of the poor" crap. He is back at it again, stealing someone else's property. This time, it is a friendless and unpopular Spanish bank.
It is over in Japan
The recovery is over and it is back to stagnation.
Food prices rising at over nine percent
I'll have to do a chart on food inflation. Maybe tomorrow......
Morgan Stanley closes off the home equity cash
I did a post on this a few days ago. Other banks will follow; and it is very bad news for US consumption. A sustained US slowdown is beginning to look very likely.
US car makers face bankruptcy
One of these days, I am also going to do a post on the GM balance sheet. The numbers are unbelievable; the company is bankrupt. It has cash, which is why it keeps going, but it is burning through the greenbacks very quickly.
I give it a year before something nasty happens.
Another US mortgage lender in trouble
A great post from a great blogger - Tim Iacono
Times MPC calls for a hold on rate cuts
The Alice Cook MPC (which comprises of only of Alice Cook and six empty chairs around her dinner table) says hike it 50 basis points.