Archive for the ‘Globaleconomicanalysis’ Category:

Gallup Poll Shows Consumer Spending Pullback, Consumer Confidence Levels Below Depressed 2009 Levels ; Back-to-School Sales Bust Says WSJ

{ Posted on Sep 01 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Spending is up a tad from depressed 2009 levels but still way below 2008 levels. Looking ahead year-over-year comparisons will be much more difficult and weak sales will continue to impact state budgets.A recent Gallup Poll shows ...Read More »

Quick Hits: Walking Away from Boats; Philadelphia Demands $300 Blogger License Fee; Birth Rate Lowest in Century; Tracks of Bizarre Robot Traders

{ Posted on Sep 01 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
I am traveling this morning will look at ISM and other data this afternoon. Meanwhile here a a few quick hits on propriety trading, bizarre charts of robo trader patterns, walking away from boats, Blogger fees in Philadelphia, birth rate ...Read More »

FDIC Quarterly Banking Report: "Reduced Loan-Loss Provisions Boost Earnings"; Commercial Banker Comments on Loan Loss Provisions

{ Posted on Sep 01 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Inquiring minds are investigating the FDIC Second Quarter 2010 Quarterly Banking Profile.Quarterly Earnings Are Highest in Almost Three Years Reductions in loan-loss provisions underscored improvement in asset quality indicators during second quarter 2010. The industry’s quarterly earnings of $21.6 billion ...Read More »

Oregon Tax Revenue from Measure 66 is 50% Short of Predictions; Oregon Grants Unions 4.75% Pay Hike

{ Posted on Sep 01 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
From the dysfunctional state of Oregon comes news that Measure 66 fell about 50% short of its revenue predictions. Balance that with 4.75% pay hikes and it adds up with a continuing refusal by Oregon to address its problems.Oregon Grants ...Read More »

26 of Last 88 Trading Days have been 90% Days (Either Up or Down); 7 More Lean Years in Stock Market?

{ Posted on Aug 31 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Here is an interesting snip from August 31 Market Commentary by Art Cashin for UBS. Sorry, no link. Monday’s market evaporated nearly all the gains from Friday’s rally. Despite lighter volume, it was a 90% down day. That means the ...Read More »

Movie Attendance Drops to 1997 Level; Case-Shiller Home Prices Rise; Last Hurrah for Housing

{ Posted on Aug 31 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Movie attendance is down but increased prices made up the difference for now. Bloomberg reports Summer Movie Box-Office Attendance Falls to Lowest Since 1997Summer movie attendance fell to the lowest level since 1997, while soaring ticket prices produced record revenue ...Read More »

How Many New Home Sales Was That?

{ Posted on Aug 31 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
People are still emailing me, making a mountain out of a molehill of a Rosenberg statement I quoted in Burning Down the House; New Home Sales Consensus 330K, Actual 276K, a Record Low; Nationwide, Zero New Homes Sold Above 750KI ...Read More »

Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes; What You Can Do.

{ Posted on Aug 30 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Miami is bankrupt. Unfortunately the city refuses to admit it.In an enormously foolhardy attempt to make ends meet, in spite of the fact that Miami home prices have been hammered and 1-in-8 are unemployed, the County keeps pouring on the ...Read More »

Banks Recruit Investors to Oppose Honest Valuation of Assets; Just how Unprepared are Banks for Major Losses?

{ Posted on Aug 30 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Reader "Henry" has a question on the loan loss provision chart I posted in Former Fed Vice Chairman vs. Mish: Is the Fed Out of Ammo?Henry writes ...Hello Mish,Thanks for writing and sharing your wonderful column. It has been ...Read More »

Physicians, Others Chime in on Who’s to Blame for Rising Healthcare Costs

{ Posted on Aug 29 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
I received a lot of emails in response to Who's to Blame for Rising Healthcare Costs? Some reader suggestions might save you some money.Overpaying for Generics"Dr. P" a front line working family physician for 30 years writes ....Hello MishThank you ...Read More »
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