Many investors, especially the bears that have been hiding for much of late 2010 and into 2011 will be smiling at the thoughts of a possible Wikileaks release to add fuel to the fire. Many sources are claiming Bank of America, however the way the economy has been the past few months, anything is possible [...]
Well, count JPMorgan analyst Pavan Wadhwa among those who think the stress tests were a joke and that only bad can come now.Here are the key bullet points: The European bank ‘stress’ tests were anything but; just 7 banks failed with a paltry €3.5bn total capital shortfall… • …due to a lack of rigour in [...]
There’s been many letters and symbols used over the last year to describe the shape of the U.S. economic recovery. There’s the strong V-shaped recovery; the square root shaped recovery to connote a strong recovery followed by a period of flat to no growth; and the W-shaped recovery favored by those believing in a double [...]
On Friday at 16:00 GMT, the European stress tests results will be released. In the past few weeks, EUR/USD enjoyed weak American data, and also enjoyed the anticipation for the European stress tests. With the terrible European debt crisis, these results are supposed to show that the banks are stable, and to mark the end [...]
There was a steep drop, then a tremendous resurgence in the markets. Was that it? Is the pullback over? Don’t bet on it! Forecaster Harry Dent gives you an update on his research as to where we go from here, including a look at the equity markets and real estate. Find out what Harry Dent [...]
By Jia Lynn Yang Washington Post Staff Writer Thursday, July 15, 2010 Corporate America is hoarding a massive pile of cash. It just doesn’t want to spend it hiring anyone. A jobless recovery? Don’t think so. More like a jobless depression. Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at [...]
By David Weidner, MarketWatch NEW YORK (MarketWatch) — Fairy tale season is about to begin. Wall Street banks and brokerages are readying second-quarter numbers for mass digestion. They’ll show healthy balance sheets, tolerable risk levels and have all the trappings of well-run companies. Don’t believe a word of it. If the second quarter is anything [...]
Don’t Believe the Hype: Retailers Will Struggle in Jobless Recovery, Says Mish On Thursday, a slew of retailers posted monthly same-store sales. They were described best as a “mixed bag.” There was no obvious trend in terms of up or down, even within specific categories of retailers. But bulls on the economy should be disappointed. [...]
