Is via the Fed, and its on Bank Profits:
~~~
Source:
Profits and Balance Sheet Developments at U.S. Commercial Banks in 2008
Morten L. Bech and Tara Rice,
Federal Reserve, June 2, 2009
http://www.federalreserve.gov/pubs/bulletin/2009/pdf/bankprofits09.pdf
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
read more »
June 2nd, 2009 at 5:37 pm
BR-
once you’re flat on your back- nowhere to go but up- right????????? V shaped profit recovery on the horizon-
and you can take that to the bank
June 2nd, 2009 at 5:39 pm
Yeah, but you should see the ROSP (return on salary plan) and ROBP (return on bonus program) for management.
The Great CNBC Sucks’ page views are floundering (because I no longer post), so I figured I would go…FIRST!
June 2nd, 2009 at 5:43 pm
Make that SECOND!
Actually, if you want to see even uglier charts, these guys are pretty hideous:
http://www.shadowstats.com/alternate_data
June 2nd, 2009 at 5:52 pm
And here I thought the “Biggest Loser” was a reality show based on a group of overweight people trying to lose weight. They can’t touch the FED.
June 2nd, 2009 at 5:58 pm
That’s not the world’s ugliest chart. The world’s ugliest chart is the one that charts the Federali’s income/outlays, found here: http://www.fms.treas.gov/mts/mts0409.pdf
June 2nd, 2009 at 6:38 pm
“Yeah, but you should see the ROSP (return on salary plan) and ROBP (return on bonus program).”
That’s a lot of RICHES (return in coke and hookers).
June 2nd, 2009 at 7:11 pm
And to think of that shadow inventory of housing… or the commercial real estate on Manhattan falling from $150 a sq ft to $40-$50 a sq ft. (as reported last week by Calculated Risk.)
June 2nd, 2009 at 8:27 pm
But all the numbers leading up to the cliff dive were BS, at least the last 4-5 years.
What exactly was tangible other then the measures that LB states?
So how the F can they rely on whatever the F they use to compute the numbers?
June 3rd, 2009 at 6:22 am
[...] Tipp via: The Big Picture [...]
June 7th, 2009 at 10:05 pm
[...] The World Ugliest Chart The Big Picture Posted by root 3 hours ago (http://www.ritholtz.com) Actually if you want to see even uglier charts these guys are show based on a group of overweight people trying to lose weight you must be logged in to post a comment and influencing the cost of living for the average person is why the big picture is prou Discuss | Bury | News | The World Ugliest Chart The Big Picture [...]