Three months ago, I wrote an Open Letter to Dylan Ratigan with my case as to why he should stick with financial media after his departure from CNBC. At the time I laid out two options that seemed most probable for him: So as you evaluate new options, I am sure there are many but
Bloomberg
Bloomberg just ran the following headline: Banks Grabbing TARP May Find Cash Comes With Long-Lasting Strings Attached. Really? You mean banks get billions with no questions asked but then must cooperate with financing terms later on? What a gyp. Excerpts below: …As financial firms race against a Dec. 31 deadline to become eligible for federal
Credit crisis losses hit $1 trillion with Morgan Stanley’s latest earnings report.
Liar’s Poker author Michael Lewis offers deep thoughts on your finance career: …We’re at the beginning of a recalibration of the role of finance in global economic life. The excitement and the money that attracted you to Wall Street will probably not return for a long time. If these really are the only reasons you
MORTGAGE INDUSTRY ROUNDUP For any loan agents who admit, “I didn’t realize that verified employment wasn’t the same as verified income”, please contact an underwriter. I am waiting for someone to ask something like, “Can I get a stated income second behind my reverse mortgage, and use the income from my reverse mortgage for what
During the past two days, March producer inflation (PPI) came in way above expectations at 1.1%, showing pricing pressure for manufacturing sectors, and March consumer inflation (CPI) came in right at the expected .3% mark. Excluding volatile food and energy costs, both numbers were in line with expectations. However, when food and energy sustain sharp
Friday’s employment data, and how this information can move the market, reminds us that there are two basic measures of the job picture: weekly jobless claims and the first-Friday-of-every-month Unemployment data. (It wasn’t until the 1930’s that the government even calculated an unemployment rate.) The data collected is still surprisingly hard to collect, most respondents
Bloomberg just published a table that breaks down subprime losses among the world’s financial institutions. View Table