PrudentBear

Trade Deficit in U.S. Narrowed More Than Forecast in July

Bloomberg
09/09/2010 07:51 AM

Jobless Claims in U.S. Decreased 27,000 to 451,000 Last Week

Bloomberg
09/09/2010 07:51 AM

quotable

"US bank earnings plunged nearly 25% in the third quarter, falling below $30bn for the first time since 2003 as the sagging US housing market hit profits… Net income for banks in the period fell to $28.7bn, down $9.4bn from last year driven by a steep increase in provisions for loan losses and a drop in non-interest income, according to the FDIC. Loan loss provisions rose $9.2bn, or 122%, to $16.6bn compared to the same period a year earlier… The $16.6bn in provisions is the most made since the second quarter of 1987..."

Financial Times, November 28, 2007

Commentary

Credit Bubble Bulletin

by Doug Noland | Aug 20

Let's Change the Debate

The market clamors for additional stimulus, and the government finance Bubble moves into overdrive.

The Bear's Lair

by Martin Hutchinson | Sep 3

The Myth of Exponential Growth

Two of the three likely major technological developments of the next 50 years will slow the pace of change rather than increase it.

Featured Commentary

by Satyajit Das | Aug 31

Swap Tango

The complexity of the issues means that ultimately no laws governing derivatives may be truly effective, validating a Marxist (Groucho's) proposition.

Guest Commentary

by Michael Pento | Sep 3

Bernanke Out of Bullets, But Not Bombs

Investors should prepare their portfolios for the real upcoming battle with intractable inflation.

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