Bank stocks have now fallen farther than the Nasdaq fell during the tech crash of 2000-2002. The Dow fell 89% during the great depression, the Nikkei fell 83% during the [ … ]
Tag: Credit Crisis
TED SPREAD TICKING UP
After months of improvement we’re beginning to see the TED spread steady at distressed levels and tick up a bit. The credit crisis is far from over and the lending [ … ]
KEN LEWIS: YOU’RE OUT OF HERE!
I’ve long been critical of Ken Lewis. For being known as a merger wizard he sure has made some big mistakes. The Countrywide buyout has to be one of the [ … ]
JOHN THAIN’S WORLD….
In John Thain’s world you get paid tens of millions of dollars. You spend $1 million on a new office. You expect a $10 million bonus after your stock falls [ … ]
WHAT’S WRONG WITH A SWEDISH MODEL?
It seems the U.S. government had a pretty good blueprint for the ensuing credit crisis and decided not to implement it. Who ever went wrong with Swedish models? In the [ … ]
CREDIT INDICATORS IMPROVING
By just about any metric, we’ve seen a drastic improvement in the credit crisis indicators. The corporate bond market has found a bid in recent weeks, the TED spread is [ … ]
THE LINGERING CANCER THAT IS DEBT….
Debt continues to plague the balance sheets of corporate America and U.S. consumers. Not only is debt wreaking havoc in the form of consumer credit cards (think reduced limits and [ … ]
THE CRISIS IS EVOLVING
The credit crisis is evolving. And in my opinion it is evolving into its riskiest phase since it began. There is a large contingent of investors who are convinced that [ … ]