Daily Archive: Wednesday, August 19, 2009

more weak July data

[Skip to the end] >    >   (email exchange) >    >   On Wed, Aug 19, 2009 at 9:38 AM, Morris Smith wrote: >    >   Really lousy economic data continues about July >    Yes, looking awful from a lot of angles. This latest govt. attack on bank capital, especially small banks, might be biting deeper than the ...Read More

Beyond mark to market

[Skip to the end] An additional measure was taken a few months ago that just struck me one of the possible reasons for the current economic setback. This is best illustrated first by an example. My (very small) bank holds securities in its ‘hold to maturity’ account. If these securities become ‘impaired,’ ...Read More

Germany – Credit Crunch II

[Skip to the end] Yes, interesting to see if the Eurozone national governments are able to run their deficits as high as projections indicate without themselves having liquidity issues, even with the indirect help from the ECB. Looks to me like all the support measures add to the deficits of the national ...Read More