Goldman Sachs (GS) Bonus Payout Will Be $19 Billion
Geithner Says All Big US Banks Would Have Failed
HA HA HA - America the land of the rich and POOR!
George Washiogton is worried now that maybe the FED will auction his grave on EBAY!
Sunday, December 6, 2009
Friday, December 4, 2009
Only 10,000 jobs lost? No one reads the fine print!
Bloomberg reports - Traders did not need their second cup of coffee this morning as they were jolted by a sharply better than expected jobs report for November. Nonfarm payroll employment in November edged down only 11,000, following a revised decline of 111,000 in October and a revised decrease of 139,000 in September. As suggested by recently lower initial jobless claims, the November contraction in payroll employment was far better than the market forecast for a 100,000 decrease.
However, Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care. Meaning this is ONLY TEMPORARY FOLKS... as no one wants to hire full time workers just yet.
At 10 PM Factory orders are due and I'm expecting a larger contraction than what is expected. No one is placing orders for XMAS in DEC!
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Thursday, December 3, 2009
Who said the recession was over?
MarketWatch -- The service sectors of the U.S. economy contracted in November after two months of expansion, the Institute for Supply Management said Thursday. The ISM's non-manufacturing index fell to 48.7% from 50.6% in October. Readings under 50% indicate more firms said business was worsening than said it was improving. Economists survyed by MarketWatch were expecting the index to rise to 51.5%. Six of 18 industries were expanding in November, the ISM said. The employment index rose to 41.6% from 41.1%. The new orders index fell to 55.1% from 55.6%. The production index dropped sharply to 49.6% from 55.2%.
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HH - Finally some data that shows what is going on. But I'm sure Goldman and the FED will contract out to have someone revise the data tomorrow somehow!
462,000 jobless claims... market up again
This just keeps getting Dumber and Dumber by the week. The government reported jobless claims fell 5,000 last week to 457,000, with the data better-than-expected.
MarketWatch states labor market improving - huh? Oh, there was 5,000 less jobs cut than EXPECTED! Ahh... Ok, I feel better Mr Market! If I recall the US of A has been loosing +400,000 jobs a week for over ONE YEAR! But that is OK cuz Uncle Ben and Uncle Timmy will give the banks for FREE LOANS to speculate with and pump up each other... on margin of course.
MR GOLDMAN AND USA FED - Up URS!!! It is a good thing I am half-way around the world from you butt-wipes!
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Bank of America - craps out $45 Billion...huh?
BofA is paying back $45 Billion
What is really going on here - WAKE UP STUPID AMERICANS!
Repaying the TARP funds frees Bank of America CRIME BOSS from limits on compensation required by Kenneth Feinberg. He is the Special Master for TARP Executive Compensation, popularly called the 'pay czar'. He will have broad discretion to set the salaries and bonuses for their five most senior executives and their 20 most highly paid employees.
The Treasury Department back in June 09 appointed Feinberg to oversee the compensation of employees at the seven companies — the American International Group, Citigroup, Bank of America, General Motors, Chrysler and the financing arms of the two automakers.
As you know Citi and AIG have been selling off assets faster than Bin Laden moves. If you really want to know where Bin Laden is look in Dick Cheney's vacation house #5. House #5 is where Goldman Sachs, Bin Laden, Bush and Donald Rummey do their "How can we screw Americans" thinking. Now it looks like BAMBAM Obama has visited House #5.
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