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Joseph L. Shaefer: If I am doing right by our clients, subscribers, and online readers, it is my responsibility to advise what in my opinion should be avoided, as well as that which should be considered. Read more…
Michael Snyder: Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Read more…
Michael Snyder: When news broke of a 2 billion dollar trading loss by JP Morgan (NYSE:JPM), much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what Read more…
Michael Snyder: The Democrats, the Republicans and especially Barack Obama promised that something would be done about the too big to fail banks so that they would never again be a threat to Read more…
Dominique de Kevelioc de Bailleul: As signs of a real estate market recovery creep back into the monthly data, along with a long-awaited settlement reached in the robo-signing scandal finalized, it appears that underneath the seemingly good news is a second round of foreclosures, instead, spelling more trouble for US Read more…
Michael Snyder: The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Read more…
Ian Wyatt: Big bank stocks had a good showing last week, with share prices rising across the board. The six biggest U.S. banks by market capitalization gained an average of 8% during the holiday-shortened week in which each released its 2011 fourth-quarter earnings. Since the financial sector is the Read more…
Shah Gilani: It seems that my Thursday edition of Wall Street Insights & Indictments was warmly received by the bullish crowd, many of whom reached out to me to thank me for my optimism. Read more…
David Zeiler: As the grim bank earnings roll in over the next couple of weeks, beginning with JPMorgan Chase & Co. (NYSE:JPM) tomorrow (Friday) morning, don’t fall into the trap of thinking the financial sector’s woes in the last quarter reflect a sinking U.S. economy. Read more…
Keith Fitz-Gerald: In 2008, reckless credit default swaps nearly obliterated the global economy. Now comes the next crisis – rehypothecated assets. It’s a complicated, fancy term in the global banking complex. Yet it’s one you need to know. Read more…
David Zeiler: We’ve told you before that the U.S. Federal Reserve puts Wall Street’s interest above that of the American public. And yesterday (Wednesday) the central bank proved it… again. Read more…
Martin D. Weiss: If you think 2008 was a bad year, wait till you see 2012! The world’s largest banks have far less capital, the world’s largest governments have far less bailout power, and each is pulling the other into an abyss. Read more…
Shah Gilani: Let’s face it. Banking is a protected industry. It’s a government-coddled industry. The problem with that is, banks (NYSEARCA:XLF) really aren’t subject to free market forces that would naturally eliminate insolvent and inefficient institutions. The result is more bad banking. Read more…
Ian Wyatt: At first glance, the third quarter was a booming success for U.S. banks (NYSEARCA:XLF). The $35 billion in profits U.S. banks was the highest total since before the recession, and was nearly 50% higher than the same quarter a year ago. But those profits were pretty hollow. Read more…
Keith Fitz-Gerald: World markets got a nice tailwind yesterday (Wednesday) on news that the U.S. Federal Reserve is stepping into the fray along with other central banks to boost liquidity and support the global economy. Read more…
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