What do you call it when you’re halfway back in business?
That’s kinda how I feel today. I tacked on 46 points, which puts me up less than half of one percent. Not a rally for the record books, but I’ll take it! Funny how things can change overnight, because yesterday I Read More
Dow Diary, sad
As his former firm fights to unload assets to repay the massive bailout package the U.S. government gave it, ex-AIG chief Martin Sullivan has landed a new gig at insurance firm Willis Group Holdings.
Sullivan will serve as deputy chairman for Willis, and “assist in managing and shaping the long term growth strategy Read More
Things were looking up heading into this past weekend. Four days of upside action from Tuesday to Friday, then a killer three-day weekend to catch my breath. It really seemed for a minute like I had something good going. But I should’ve known it wouldn’t last.
Truthfully, I’m not even sure what it Read More
This Old House
Stress tests aren’t just for tottering European banks or the U.S. financial system circa May 2009. CNBC reports NFL commissioner Roger Goodell and chief financial officer Anthony Nato have asked the league’s owners to subject their organizations to similar checks to ensure they can survive a worst-case scenario like Read More
Talk about a housing crisis! JPMorgan Chase CEO Jamie Dimon is cutting the price he’s asking for his eight-bedroom, nine-bath Chicago mansion, Business Insider reports.
Following a $2.6 million reduction in price, the property, which sits in the Gold Coast neighborhood, is now going for $6.95 million. Dimon first tried to sell the Read More
Tales of The Recession
The U.S. Department of Labor is heralding the upcoming long weekend by announcing that in August, 54,000 Americans saw their weekends extended indefinitely as employers cut jobs.
Economists surveyed by Reuteres were expecting a nonfarm payroll decline of 99,000. The total number of unemployed Americans ticked up to 14.9 million, and Read More
New York, superior to the nation as a whole in nearly all respects, can add one more category in which it dominates: The Great Recession hurts in the Empire City, but New Yorkers are far less scarred by our nation’s economic woes than the average American.
Thanks to real estate prices that have failed to fall apace Read More
In the beginning there was chaos.
And the economy was without form, and void; and darkness was upon the face of the market. And the Spirit of Economists moved upon the face of the waters.
And the Economists said, “Let there be a Committee that marks the beginnings and ends of recessions.”
The year was Read More