Tag Archives: financial markets

Bernanke to deliver lecture series




The Federal Reserve Board announced on Thursday that Chairman Ben S. Bernanke will deliver a series of lectures aimed at college students. Beginning on March 20, he will lead four classes on “The Federal Reserve and the Financial Crisis” as part of a course offered to undergraduates at the George Washington University School of Business. The class will feature a variety of speakers who will discuss central banking. Chairman Bernanke’s lectures are scheduled for March 20, 22, 27 and 29 and will begin at 12:45 pm EDT. To… Read More →




The future of learning




Every so often I come across something that stops me dead in my tracks; something so fascinating that I simply have to stop what I am working on [regardless of how important it is] and take an excursion that, in the end, proves to be paradigm-changing. This happened today. A friend of mine referred me to a site that has a good video explanation of enterprise value and EBITDA. It wasn’t necessarily the content (though it was exceptional). It was the manner in which the information was being… Read More →




2010 Business Year in Review




Care to take a guess at the top events affecting businesses in 2010? The struggling economy was voted the top business story of the year by U.S. newspaper editors surveyed by The Associated Press. The rest, as they say, is history. 1. Economy struggles: Climbing out of the deepest recession since the 1930s, the economy grows at a healthy rate in the January-March quarter. Still, the gain comes mainly from companies refilling stockpiles they had let shrink during the recession. The economy can’t sustain the pace. The lingering… Read More →




The long-run stock perspective




It’s always good to maintain perspective (click on graph to enlarge):HT: Doug Short of dshort.com (financial planner)




Consumers reducing debt




U.S. consumers reduced their debt in May for the fourth consecutive month, the Federal Reserve reported Wednesday. Total seasonally adjusted consumer debt fell $3.22 billion, or a 1.5% annual rate, in May to $2.52 trillion. Consumer credit fell in eight of the past ten months. The drop in May is the smallest of the group. This is the longest string of declines in credit since 1991. Credit-card debt had the biggest drop in May, falling $2.86 billion, or 3.7% to $928 billion. Non-revolving credit, such as auto loans,… Read More →




Banking Math




Interesting banking figures from Mark Perry: Number of bank failures this year so far: 45Total Assets of the 45 failed banks: $36.965 billionTotal Bank Assets of All 8,246 FDIC-insured banks: $13.542 trillionFailed Bank Assets as a Percent of Total Bank Assets: .27% (or about 1/4 of 1%) Bottom Line: The worst of the banking crisis seems to be behind us, the percent last year was 2.69%.




Outraged over AIG bonuses?




If so, click here.




A better week for stocks and, hopefully, confidence.




A week of gains, and not small ones either. The question on people’s mind now is what’s behind the rise and will it last. Much of the rally appears to have been driven by activity in the drugs sector. A flurry of mergers this week sparked gains that overcame downward momentum in energy. Also, a few of the big banks came out and said they actually made money in the first two months of the year. Now, making a few million bucks at the very start of the… Read More →




The Crisis of Credit




http://vimeo.com/moogaloop.swf?clip_id=3261363&server=vimeo.com&show_title=1&show_byline=1&show_portrait=0&color=&fullscreen=1The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. Jonathan Jarvis’ animation of the credit crisis is one of the best explanations I’ve seen yet. It’s not perfect, but provides an excellent overview. Be patient though — while it’s only about 11 minutes long, it takes a few seconds to load, but is worth the wait.




Where will it all go?




Click to enlarge this chart that breaks down the proposed stimulus package. Source: Senate Releases Second Portion of Bailout FundDAVID M. HERSZENHORN, NYT, January 15, 2009http://www.nytimes.com/2009/01/16/us/politics/16stimulus.html