laid back

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This is my final post before leaving.


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Hi.


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U.S. Economy Shrank 6.2% Last Quarter, Most Since ’82

“Feb. 27 (Bloomberg) -- The U.S. economy shrank in the fourth quarter at a faster pace than previously estimated as consumer spending plunged, companies cut inventories and exports sank.

Gross domestic product contracted at a 6.2 percent annual pace from October through December, more than ( Read more... )

It Is Time.


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If you don't read with this song, or you don't know TV on the Radio's "DirtyWhirl" - you are missing out.


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Things you may have missed today:

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Citigroup Reports $8.3 Billion Loss, Splits Into Two

Jan. 16 (Bloomberg) -- Citigroup Inc. posted an $8.29 billion loss, twice as much as analysts estimated, and said it will split in two under Chief Executive Officer Vikram Pandit’s plan to rebuild a capital base eroded by the credit crisis.

Citigroup rose 4 ( Read more... )

Here are the next banks to fail.

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100 * ((Non-performing Assets - U.S guaranteed loans) + Other REO) / (Equity + Loss Reserves)

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“Developed by Gerard Cassidy, the Texas ratio is a measure of a bank's credit troubles. Basically, the higher the ratio, the worse the situation is for that particular bank. Banks with a ratio of 100 and higher are in ( Read more... )

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