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April 2009



Recession, Far From Over, Already Setting Records

April 27, 2009 – Comments (0)

The current recession has become the second-worst in the last half-century and is close to surpassing the severe 1973-75 downturn, according to the Index of Coincident Indicators, based on government data and compiled each month by the Conference Board, a private organization.

Full NYT article



Too Big To Survive

April 24, 2009 – Comments (0)

On April 20th, Bank of America announced a first quarter surge in earnings to $4.2 billion. At first blush, it looked like the kind of news that would ignite a stock market rally. Instead, the Dow closed down 289 points. Could it be that, despite the apparent good news, investors don't trust the banks or the economy?

Full article



Jim Rogers: Diversification a Scam

April 22, 2009 – Comments (5)

Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients, says commodities bull Jim Rogers.   [more]



Hyundai's Response To a Recession

April 17, 2009 – Comments (3)




More Bank Sector Gloom Punctures Revival Hopes

April 15, 2009 – Comments (0) | RELATED TICKERS: UBS

ZURICH--Tentative hopes that the world economic crisis was easing took a new hit on Wednesday when Switzerland's largest bank UBS said it would cut 11% of its staff and posted a quarterly loss of $1.7 billion.  [more]



China Reverses Course, Selling U.S. Bonds

April 14, 2009 – Comments (1)

Reversing its role as the world’s fastest-growing buyer of United States Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in March, according to data released during the weekend by China’s central bank.

Full Article



Whitney: Housing to Fall Another 30 Percent

April 07, 2009 – Comments (3)

Meredith Whitney, the analyst who called the financial crisis months in advance, now says banks soon will recover ever so slightly, but that housing has a long way yet to fall — as much as another 30 percent.   [more]



All 50 States Now in Recession

April 01, 2009 – Comments (0)

For the first time since record-keeping began, all 50 U.S. states are in recession, according to new numbers from the Federal Reserve Bank of Philadelphia. In the 1982 recession, the previous worst-ever, 43 states simultaneously contracted.

Link to Article

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