November 2008

Barack Obama has won the U.S. presidential election in convincing fashion. While I am clearly not a liberal nor a Democrat, I am pleased with the election's outcome. It signals a new beginning - a new era in American politics and in…

While yesterday was a very positive day in U.S. markets, with the Dow up over 300 points, the real action has been in Asia. The Nikkei bottomed at a 26-year low below 7200 on October 27th. Today, it stands at 9114.60. That is a gain of…

Today, we prepare for an election in the U.S.. Markets look to be off their lows and probably won't retest for some time. Yesterday was a very good day overseas as foreign markets seem to be outpacing the U.S. markets both in nominal…

Quite funny.

Source 2008 Political Landscape Map - Washington Post

If you were not convinced about the severity of the present recession in the United States before, then the ISM Manufacturing index data for October will serve as a wake-up call. The index plunged to the deep recessionary level of 38.9…

This past weekend, the FDIC closed yet another bank, Freedom Bank of Bradenton, Florida. The bank had total assets of $287 million and total deposits of $254 million. Super regional Fifth Third, based in Cincinnati, Ohio will take over…

Our News Feed Many Homeowners Think They’re Immune to Price Declines - Real Time Economics“We're seeing a fascinating distinction in consumer psychology — on the one hand, homeowners appear to understand the reality of today's economy and…