Month: December 2010

Where are the jobs? Overseas, of course Article from Salon. Complete ArticleCorporate profits are up. Stock prices are up. So why isn’t anyone hiring? Actually, many American companies are — just maybe not in your town. They’re hiring overseas, where sales are surging and the pipeline of orders is fat. More than half of the…

The health of the real estate market remains a disaster, but there remains some expensive deals depending on location, location, location. Here is a New York Times article on buy vs rent ratio. Below is an updated list of rent ratios — the price of a typical home divided by the annual cost of renting…

The market year of 2010 started in a edgy mode hoping to avoid complications over the uncertainty of whether the potential problems in banking and business might multiply. Because of the veiled intervention and ludicrous mark to mark values of an enormous amount of assets held on bank’s balance sheets, no one knew what might…

The steepening yield curve is a bet by players that all forms of stimulus already implemented, along with those planned, will spark the top while providing enough anemic growth in the middle to grow the economy. The real estate market is a large unknown and so to is whether tickle down will increase borrowing at…

President Obama, Mr. Cave-In? He may be right that the best thing for the economy or market psychology is to cut this particular deal. But many of his supporters across the nation who have seen their upside probably diminished forever could give a rat’s ass about current practicality. Real negotiations would fight against the future…

Ben Greenanke, the Little General, father of QE2, and possibly 3 and 4, has decided it is now or never it terms of fighting any impediments to asset malaise. While real economic growth would be nice, why wait and possibly have real economic price discovery screw up any chances to pull the economy out of…

Watch cable financial new stations as the jobs number released. Usually have on Bloomberg but today watching Joe Kernen and the group on CNBC with Alan Greenspan. Number comes out. Market shocked at lousy jobs number. Rick Santelli says market will rally because data so bad. Greenspan says market will rally because…. well because he…