okay fine some links
Apr. 16th, 2010 10:19 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
solarbirdI have a bunch of tabs open, let's clear the economics deck:
Consumer sentiment fell unexpectedly in April. That's not awesome. Weekly jobless claims started rising again, which people are hoping is some sort of glitch, but the four-week moving average has started to rise too, and that's scary.
Another huge wave of housing foreclosures is coming. This shouldn't be a surprise to anyone, but the timer's about run out. first quarter 2010 already set a new record, so that's fun.
Greece has been sorta-kinda stabilised for the moment; here comes Portugal! Europe is running around like mad trying to contain all these problems; it won't be easy.
If you watch one presentation this week, watch Richard Koo at Nomura Research talk about why this recession is different. (And see previous post.) I have issues with his suggestions moving forward (see also: previous post) but you may not.
Goldman Sachs is finally, finally, finally getting into fraud trouble over its CDO issuances. It's a start. There's also a bit of a stink over the WaMu takeover, which is also overdue.
Eight more banks fell on this week's FDIC Friday.
That's all for now; just a taste, really. Have a good weekend.
Consumer sentiment fell unexpectedly in April. That's not awesome. Weekly jobless claims started rising again, which people are hoping is some sort of glitch, but the four-week moving average has started to rise too, and that's scary.
Another huge wave of housing foreclosures is coming. This shouldn't be a surprise to anyone, but the timer's about run out. first quarter 2010 already set a new record, so that's fun.
Greece has been sorta-kinda stabilised for the moment; here comes Portugal! Europe is running around like mad trying to contain all these problems; it won't be easy.
If you watch one presentation this week, watch Richard Koo at Nomura Research talk about why this recession is different. (And see previous post.) I have issues with his suggestions moving forward (see also: previous post) but you may not.
Goldman Sachs is finally, finally, finally getting into fraud trouble over its CDO issuances. It's a start. There's also a bit of a stink over the WaMu takeover, which is also overdue.
Eight more banks fell on this week's FDIC Friday.
That's all for now; just a taste, really. Have a good weekend.
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no subject
Date: 2010-04-17 06:35 am (UTC)no subject
Date: 2010-04-17 07:42 am (UTC)...and today, I heard on the radio that Goldman Sachs hid thier debt so they didn't look as bad to lean too. sad sad sad
no subject
Date: 2010-04-17 02:47 pm (UTC)no subject
Date: 2010-04-18 12:35 am (UTC)I've decided that I am not going to bother to try to buy a home, especially when I run into a $500 charge just to get appraisal and credit checks done.
Um, no. No, no, no. I'll continue to rent. I am not 'throwing money away'. I am 'keeping a roof over my head'.
it doesn't have to be mine. It just has to keep the rain out...