Mike “Mish” Shedlockhttp://globaleconomicanalysis.blogspot.comClick Here To Scroll Thru My Recent Post List
Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more . . . → Read More: Sunday Funnies 2010-09-05 Voting Trends
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The latest view from Nouriel Roubini is that there’s a whopping 40% chance of the U.S. economy double-dipping into recession due to the fact that the government is now helpless to defend against any unexpected economic shock which may occur. Telegraph: “We have reached stall speed. Any shock at this point can tip you back into . . . → Read More: Roubini: The Economy Is So Weak Now That Any Shock Will Cause A Double-Dip Some have been warning that September is usually a horrible month for the market, since September tends to deliver bad performance historically. This year however, plunging sentiment in August could mean that September can’t get much worse, says Michael Santoli at Barron’s: Barron’s: September is, back through the ages, the only month that has averaged a negative return. . . . → Read More: It Looks Like The Horrible Trading Month Of September Already Came In August This Year (Repeats story sent on Friday with no changes to headline or text) * Treasury to sell first shares below break-even-sources * 61 pct Treasury sale could take several years-sources * Taxpayer break-even is around $70 bln GM market value (Adds details on government stake, GM Q2 results, pension shortfall) By Clare Baldwin, Soyoung Kim and Kevin . . . → Read More: UPDATE 2-Taxpayers likely to face initial loss on GM IPO-sources (Repeats IPO VIEW first released on Sept. 3) * Google calling a threat to Skype IPO — analysts * Skype’s profitability still a concern By . . . → Read More: RPT-IPO VIEW-Skype may not light up IPO market — analysts MANILA (Reuters) – The Philippines’ national police chief took the blame for the botched bus hijacking rescue attempt last week that killed eight Hong Kong tourists at a Manila park, announcing his decision to retire early from the service. “As chief of the national police, I take responsibility and accountability of all Philippine National Police (PNP) . . . → Read More: Philippine police chief takes blame for bus hijack MANILA (Reuters) – Philippine police commandos killed three Islamist militants, including the brother of a top Muslim rebel leader, during a raid on a remote southern island, the head of national police said . . . → Read More: Philippines police kill 3 Islamist militants in south The August numbers are in, and they’re not pretty…. $211 billion in deficits in August, nearly a record for the year, second only to March with $333 billion. Social Security taxes (which were stolen, of course) provided a $13 billion "help". Here’s the updated graph: And now Obama is allegedly going to pop up with more insanity in the form . . . → Read More: The Market Ticker – So Where’s The Budget Discipline? America’s corporate chieftains must love poor people, for they’re doing all they can to create millions more of them. REDLANDS – Redlands Mall tenants – about six in all – received a letter dated Aug. 2 informing them their leases were being terminated and they need to exit their stores by the close of business Sept. 30. Thereafter, the Redlands Mall will be closed. “They . . . → Read More: Mall To Close: Put A fence Around It, Until The Economy Picks Up |
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