6 November 2009

This is classic.

The Canadian daily National Post has a good piece out today that highlights how the ‘Buy American’ provision is being seen in Canada.  Many see it as an affront that America could and would favor domestic firms over those of its…

Of the five, United Commercial is pretty darn big ($11.2 billion in assets) United Commercial Bank San Francisco, CA As of October 23, 2009, United Commercial Bank had total assets of $11.2 billion and total deposits of…

China on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing. In a stinging rebuke to Washington, China’s commerce ministry promised to take…

In my recent post about the capture of the Obama Administration by the financial services lobby, I said it was irrelevant whether they were deliberately looking to line the pockets of the banking industry. This is an important point as you…

While I see the job numbers as pretty much what was expected, the data do make clear that we are seeing a major jobless recovery. David Rosenberg has a piece out today that goes right to the heart of the issue: All we can say is that if…

David Michael Green: Can You Hear Us Now? We still want change. Hat tip Lavrenti. Marc Faber has short term concerns about commodities, says gold may drop to US$800 - Business Intelligence Middle East Is this rally over the top…

The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from…

The employment market is pretty grim. We’re talking a double digit unemployment rate – and that’s just the base rate. The comprehensive unemployment rate is now 17.5% in the US.  This is a fact not lost on our politicians. Today,…

Average weekly hours a record low of 33.0. Stock futures now down. The household survey says we have lost 1.3 million jobs in three months. 17.5% U-6 unemployment. Median duration of unemployment is now 18.7 weeks from 15.4 just 3 months…