知足常乐
在萧条中学习财经
博文
(2009-01-06 09:53:46)
Suicideiscomingfor2008financecrisisbroughtbythecollpaseofWallStreet.Herearetwoexamples:OnDec.222008,Rene-ThierryMagondelaVillehuchet,65,committedsuicidebyswallowingsleepingpillsandslashinghiswristswithaboxcutterafterlosingmorethan1billion(atleast$1.4billion)ofhisownfamily'sandhisclients'moneyto"wellrespected"AmericanmarketmakerBernardMadoff.OnJan.2009,GermantycoonAdolfMerckle,74yearsol...[阅读全文]
(2009-01-05 07:50:25)
Constructionspendingfallslessthanexpected,Let'ssee:
ConstructionspendingdroppedinNovember:0.6percent;economistsexpected:1.3percent
Housingconstructionfalls:4.2percent
Nonresidentialactivityrises:0.7percent
Housingprice:willcontintuetoslumpafter2years'struggle
Hehe,willnonresidentialprojectskeeprisingwiththecontractofretailindustry?
Youkonwhowtoexplainthosedatainlongterm.HereisallaboutObama...[阅读全文]
(2009-01-01 19:57:30)
Thetop5WallStreetcompanieswhohavetodiebefore700Bisapproved:LehmanBrothersHoldingsInc.(LEH)WashingtonMutual,Inc.(WAMU)MerrillLynch&Co.,Inc.(MER)Wachovia(WB)CountrywideFinancialCorporation.(CFC)Thefollowing5+1companiesshoulddeclarebankruptcybuttoobigtofail:FannieMae(FNM)FreddieMac(FRE)AmericanInternationalGroup,Inc(AIG)GeneralMotorsCorporation(GM)Citibank(C)GoldmanSachsGroup,Inc.(GS)Thetop5peo...[阅读全文]
(2008-12-29 21:17:17)
Theoilclimbsabove$40againasMiddleEastfightingrages.Thepriceswingsbigtoday:closeto$5abarrelLight,sweetcrudeforFebruarydelivery:rose$2.31centsto$40.02abarrelRetailgasolinepricesinU.S.nationally:continuetofallandcloseto$1.60pergallon,thenationalaverage$1.619agallon,wellbelowtheyear-agoaverageof$3.039agallonThewarbetweenIsraelandPalestine’sHamas:deathtollrosetoatleast364withsome1400reportedwounded....[阅读全文]
(2008-12-26 07:10:36)
Intheearlymorning,stocksupafterGMACgotitslifeline,andretailsalesdippedbig.Hereisthedata:Retailsalesdropped:5.5~8percentRetailsaleswithoutautoandgassales:2~4percentPersonalconsumptionpercentageinGDP:morethan2/3
Holidaysales/Annualtotalinretails:30~50percent
Amazon2008holidaysales:bestthanever;Morethan6.4millionitemswith5.6milliononitspeakdayEstimateReturns:up50percentto60percentOnChristmaseve,t...[阅读全文]
(2008-12-25 18:04:25)
In2008,tosurvivethroughthecrisistheycreated,acoupleofother-typebankshavebecomebankholdingcompaniestoqualifyforthegovernment's$700billionrescuefunds.Hereistheshortlist:GoldmanSachsMorganStanley,GMACUndoubtly,aWallSt.eraendswiththeBig5investmentbanksgoneovernight.GSandMShavetolowertheirhead,shifttobankholdingcompanysothattheycouldgethelpfromthefederalgovernment.Theyhavecollectedenoughmoneyusinghig...[阅读全文]
(2008-12-23 06:22:42)
The3rdquarterGDPshrank:0.5percent,thesteepestsincethe3rdquarterof2001Consumerspendingshrank:3.8percent,thesharpestpull-backsince1980Investmentinequipmentandsoftwareslumped:7.5percent,thelargestdeclinesinceearly2002
Thesalesofexistinghomesfell:8.6percent4.49millionVs4.9millionexpected
Themediansalespriceplunged:13.2percent$181,300,Vs$208,000oneyearago
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(2008-12-23 06:13:03)
1,300ofits30,000workforce
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(2008-12-21 15:08:15)
WhyWallStreetstillflyingcorporatejetswhiletheyreceivedbillionsinbailoutdollars?Shouldtheygiveupthissocalled"airborneoffices"likeautomakerCEOs? TheCEOsoftheBigThreeautomakerswerechallengedhardforthiswhentheyfliedtotheCongressforfederalbailoutmoney.ButnobodyaskedthesamequestionstotheexecutivesofbigfirmsintheWallStreet,whoreceivedmuchmoremoneythantheautomakers.Whatabigdifferent!Arepe...[阅读全文]
(2008-12-19 12:23:03)
MrBushsaysgovernmentwillgiveautomakers$17.4Bsinloans.Isitonekindofaid,bailoutoronestepfororderlybankruptcy.WillGMorChryslersurvivewithbloodmoneyfromAmericantaxpayers?Iwishso,butthebigenvironmentdoesnotsupportso.Let'ssee:Wearestillinthemiddleofthisdevastatingcrisis.Americansarescaredandstillwouldnotliketospendmorebecauseofunpredicatablefutureeconomics.Mostfamiliesarescaredbythecrashofbullshitting...[阅读全文]
