FinancialSpiltMilk submits:
Well the 0 billion given to financial institutions to get them lending did little to achieve that desired effect. The banks held on to the money for dear life, literally, and for good measure. It seems ratings downgrades in the last quarter of .84 trillion were enough to eat up all the TARP [...]

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FinancialSpiltMilk submits:
The media-published unemployment numbers out Friday only tell half the story. In case you missed it, 524,000 more jobs were lost, with unemployment going to 7.2% (and that is the government-massaged number).
Why do I say it is a massaged number? Because the BLS adjusts the number using birth/death assumptions (births and deaths of [...]

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Diane Lim Rogers submits:

The news is bad, even a little worse than we expected:
Complete Story »
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Alan Brochstein, CFA submits:
The market has rebounded dramatically from extremely oversold levels in November, with Tuesday’s peak of the S&P 500 representing a stunning 27% recovery from the 11/21 intraday lows. This type of action is typical for bear markets and could even continue. Perhaps the S&P 500 could next test [...]

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Jeffrey Bernstein submits:
I have been talking ad nauseam about the imminent threats to the New York City land market, commercial real estate market and ultimately the residential real estate market as a result of the tentacles of the credit debacle going back quite a stretch. We opined over and over that job losses on Wall [...]

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