Credit Writedowns

The Census Bureau came out this morning with a report on “Manufacturer’s Shipments, Inventories and Orders” for October. The report was bullish as it showed new orders for manufactured goods rising for the sixth time in seven months. But,…

Canada adds 79,000 jobs in November Rachel Uchitel: 9/11 mourner now allegedly linked to Tiger Woods Google Gets Into The DNS Business. Here’s What That Means 15 cities top 15% unemployment - MSN Money 15 Toys NOT To Buy…

In the past few weeks I have been alarmed about the growing debate about deficits and taxes, so much so that I have moved to a double dip baseline from one of a multi-year recovery.  I find it in total disregard of past economic…

I will be posting on the employment situation report shortly. Despite my bullish comments yesterday and claims that we will be adding jobs next quarter in Jobless claims fall to lowest this year, I wasn’t expecting the unemployment rate to…

When I read Yves Smith's recent comments on Bank of America's repayment of its TARP funds, I couldn't help but think of a post I wrote six months ago called "Asymmetric information and corporate governance in bank bailouts." The…

Hat tip Tim Iacono. Source Editorial Cartoon by Karl Wimer, Denver Business Journal

Economist's View: Fed Watch: Bubbles and Policy Economist's View: "The Economics and Policy of Illegal Immigration in the United States" Bruce Krasting: Jobs - A Solution at Hand? (I have been talking about a payroll…

Recently, I have been writing a lot about regional banks and the capital problems they have been having. This is having a direct impact on lending capacity available to small and medium sized businesses (SMEs) and households. As a result, a…

I have a lot of links today so I thought I would break them up into sections.  Here is the non-finance bit first.  Consider these the more fun links. Sprint fed customer GPS data to cops over 8 million times Google News…

From the U.S. Department of Labor: In the week ending Nov. 28, the advance figure for seasonally adjusted initial claims was 457,000, a decrease of 5,000 from the previous week's revised figure of 462,000. The 4-week moving average was…