Daily Archives: May 4, 2009 @ 10:08 am (Monday)

Redefining full employment

[Skip to the end] Not good. As suspected way back on this website: ‘Great Recession’ Will Redefine Full Employment as Jobs Vanish

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Follow up to the radio interview

[Skip to the end] Thanks! This supplements the tape previously emailed. White House Claims Head of White&Case Restructuring Group Lied by Tyler Durden May 3 (ZeroHedge) — In a story becoming more bizarre by the minute, ABCNews has now picked … Continue reading

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Radio interview with lawyer of secured creditors

[Skip to the end] It’s a bit long, but has a lot of information. DealBreaker interview with Lauria [top]

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Fed swap lines continue to fall

[Skip to the end] Central bank liquidity swaps (13) $250,215 – $36,059 USD LIBOR is down as well. Not sure where the funds are coming from. IMF loans are a possibility, as are direct bank, corporate, and private USD borrowings. … Continue reading

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Credit Crunch II?

[Skip to the end] This could trigger ‘Credit Crunch II’ which will be far more destructive than anything we’ve seen to date. In Credit Crunch I lenders stopped lending temporarily for the likes of homes and cars due to fear … Continue reading

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Re: Chrysler related comments by Professor Bill Black

[Skip to the end] >    >   On Sat, May 2 and 3:48 PM, Bill wrote: >    >   I want to amplify a couple of Warren’s points that the media that I’ve seen has >   missed. To me the key is the internal inconsistency … Continue reading

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Chrysler related comments

[Skip to the end] The point remains that the job of the executive branch is to enforce the laws as enacted by Congress. This is not a time of war, Chrysler is not a national security or strategic issue, nor … Continue reading

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Six minute video by Mike Norman and his dog John Maynard Canine

[Skip to the end] Mike asked me to post this to get your comments. Video of Mike Norman and his dog John Maynard Canine [top]

Posted in Daily |

2009-05-04 USER

[Skip to the end] Construction Spending MoM (Released 10:00 EST) Construction Spending YoY (Released 10:00 EST) Pending Home Sales MoM (Released 10:00 EST) Pending Home Sales YoY (Released 10:00 EST) Construction Spending MoM (Mar) Survey -1.6% Actual 0.3% Prior -0.9% … Continue reading

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