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Follow The Money Supply Stats: M3 and M0 §
A couple of things with the money supply that should tell you there's something wrong.
M3M3 is the measure of pretty much all the money in our system. It's the sum of all bills and coins in circulation and in bank vaults, reserves that banks have on deposit with the Fed, checking deposits, savings deposits, time deposits, money market accounts ( Read more... ) -
The Crash Course, By Chris Martenson §
If there was one must-see, must-hear, must-read that I would recommend for this month or even this year...
...I'd nominate The Crash Course. I think it is just that important, and deserves to be viewed in its entirety.
Initially, I was intrigued by the Chapter 15 presentation on the Housing Bubble. It was very interesting and educational. Then ( Read more... ) -
True Confessions VIII §
It's been a long time since I've done this.
It's been almost two years. Time to do it again ( Read more... ) -
Unemployment And Housing Situations Worse Than You May Think §
Unemployment Is Higher Than You ThinkThe government gives the unemployment figure of 7.2 percent nationwide. Economists say we aren't headed towards a Great Depression because back then unemployment was more like 25 percent ( Read more... ) -
Is Your Bank In Danger Of Failing? §
Is your bank in danger of failing?
From Wikipedia"The Texas ratio is a measure of a bank's credit troubles. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing loans by the sum of its tangible equity capital and loan loss reserves ( Read more... ) -
Taxpayers Won't Be Paid Back By Bail-Out §
I've said already that the $700 billion bail-out won't work ( Read more... ) -
What's Next - Dow 9,000? §
The Dow Jones Industrial Average briefly touched 9988 before bouncing back up.
It may very well end below 10,000 today. Asian market indices were down about 5 percent today. European markets are all down around that much. U.S. markets also heading in that direction.
I'll post more when I get a chance.
Update: 07:34am PST, Mon 10/06/2008Okay, ( Read more... ) -
Even With State Income Tax AND State Sales Tax, California Still Needs More Money!
Not only do we always seem to be in budget crisis mode every time a new fiscal year comes around - because we always think we'll get more money than we do... This time around, our state may have to borrow $7 billion because of the current credit crisis ( Read more... ) -
Rest In Peace - Paul Newman
Paul Newman was the only celebrity whose death affected me so much that I had a few tears in my eyes.
And I don't recall watching his movies much at all, if any - it was only a few hours ago that I found out his was the voice of Doc Hudson in CarsI think it's because I've always liked his products on the supermarket shelves, and his happy smile ( Read more... ) -
WaMu Got RePo'd §
Remember when I mentioned Washington Mutual being in trouble back in July? "One major bank that you should be concerned about is Washington Mutual. According to Bove, it is not in the danger zone, but on the very edge of it. Personally, I think Washington Mutual already is in danger."Federal regulators stepped in today and seized Washington ( Read more... )