skip to Main Content

Fiscal Cliff, Slope, or Obstacle Course?

The financial media is filled with year-end dire warnings of catastrophic consequences of the U.S. economy falling over the “fiscal cliff”. Could this really happen? It could, but probably not. We and most market watchers are hopeful for a last…

Read more

Happy Anniversary!

A year ago today, on September 15, 2008, Lehman Brothers, one of the largest and oldest investment banks in the U.S. filed for bankruptcy, and set off a financial collapse that was felt across the globe. It seems like a…

Read more

Banks are Gradually Healing

Wells Fargo kicked off earnings season last week with a preannouncement shocker - a $3 billion profit, double what analysts had forecast. Details on credit quality and trends were lacking and bad loan reserve levels were smaller than expected. Earnings results…

Read more

Pieces Falling into Place

Since the beginning of the year, we talked about how the shape of a recovery in the markets might look. We mentioned that stocks would recover before the economy does, and credit markets may recover before stocks. During this six-month credit…

Read more

FINALLY!!!

Yesterday the Treasury Department finally released details of their Public-Private Investment Program designed to create a market for the "toxic" assets that have been weighing down our banking system. The stock market liked what it saw, and Bill Gross of…

Read more
Back To Top