ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Almost 10% of FDIC-insured banks called "troubled" – MarketWatch Driven by expanding problems with commercial real estate loans, the number of distressed banks in the U.S. rose to 702 in the fourth quarter, marking the highest level in 16 years, according to a report released Tuesday by the Federal Deposit Insurance Corp. (tags: banks commercial_real_estate … Read more
China New Village Makes Chanos See Dubai 1,000 Times (Update1) – Bloomberg.com The township of Huaxi in the Yangtze River Delta is a proud symbol of how Chinese communists embraced capitalism to lift 300 million people out of poverty during the past three decades. (tags: China bubbles govt_stimulus) Euro Worst to Come as Greece Hammerlocks … Read more
The first rate pain continues with First Solar (FSLR). At the time of posting, First Solar has dropped over 4% (to $108) in after hours trading upon the release of its 2009 annual report. No doubt the seventeen pages describing risk factors contributed to the latest reason to sell First Solar shares. These morbid details … Read more
During his State of the Union address, President Obama sent a cheer amongst Congressional Republicans when he announced (confirmed) his support for nuclear power as a source of clean energy. Obama followed through with his promise when he announced last week $8 billion in loan guarantees for building two nuclear plants by Southern Company in … Read more
The New Poor – Despite Signs of Recovery, Long-Term Unemployment Rises – Series – NYTimes.com Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. (tags: … Read more