This may be the last of the closures — (regulators prefer not to work on holiday weekends). We are still under 160, and with just 2 more weeks of 2010 to go, it looks like we may not make it . . .
>
>
>
Charts courtesy of The Chart Store.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Money is power, & you ought to be reasonably ambitious to have it." —Russell H. Conwell, Temple Univ, 1877
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
read more »
Tweet
Facebook
Reddit
Digg this!
December 20th, 2010 at 12:43 am
Ohhhhh yeah, the economy is on the mend. What effing @$$holes.
December 20th, 2010 at 6:06 am
Drink up! http://news.yahoo.com/s/afp/healthusenvironmentpollutionwater
December 20th, 2010 at 6:31 am
maybe where housing is going over here too:
http://inhabitat.com/slumtube-affordable-housing-made-from-shipping-pallets/
December 20th, 2010 at 6:54 am
last one:
http://jonathanturley.org/2010/12/19/to-serve-banks/#more-29698
December 20th, 2010 at 8:15 am
BR worried:
We are still under 160, and with just 2 more weeks of 2010 to go, it looks like we may not make it . . .
reply:
————-
Close you eyes and believe. You just have to believe and believe hard. We can get to 160 and past if you only believe.
December 20th, 2010 at 11:27 am
mathman,
re: “Housing”
see http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=urban+renewal+shipping+containers
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=architecture+shipping+containers
‘Who said ‘Trade Deficits’ were ‘all bad’?’
December 20th, 2010 at 12:53 pm
It is really not the total number of banks seized that is relevant, but the total assets and loan losses that the FDIC expects to incur. Yes, it is anecdotal to look at the total number of seizures, but it really does not tell you much about the severity of the losses. I was not able to find meaningful data on these losses on the web.
December 20th, 2010 at 2:22 pm
Estimated (too high) costs to FDIC of closures:
http://portalseven.com/banks/Failed_Banks_FDIC_Cost.jsp
Last six months have been the lowest in “6 months total cost” since before the crisis. The entire total for the past six months is less than a number of the single costliest months. (And these “cost” estimates will turn out to be too high… just as TARP is all paid back and profitable. Just as AIG looks fine. Etc. It was a crisis… “mark-to-market” in the crisis is TOO LOW… not TOO HIGH. Duh!)