Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Treasury Department ’
Three of a Kind
. On the Debt Ceiling
The Treasury Department emailed its fans a blog entry setting out its position on extending the debt limit. The very fact that the Treasury Department feels the need to post blogs on this topic worries me. They wouldn’...
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Let’s Play Insights & Indictments Jeopardy!
Today I want to play a special game I call Insights & Indictments Jeopardy!
It's based on the classic T.V. game show where contestants vie to pose the correct "question" to the answers that are revealed in an array of categories.
For example, let's say the category is "Federal...
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On Corzine – MFG in the fog of war
I watched Jon boy. I didn’t hear any smoking guns. That doesn’t mean there weren't any. Keep in mind that Corzine has the best lawyer (for this) that money can buy. Andrew Levander has been advising the former CEO of MFG on every word he says.
I w...
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Social Security 2011 – Another Bad Year
Note: After writing this article I received a number of comments that questioned whether the numbers presented in this piece reflect the 2% payroll tax holiday that occurred in 2011. The answer is that these numbers do take that into consideration. Yes...
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First Time Unemployment Claims Increase But Less Than Usual
“Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up,” trumpeted the AP, in a news item picked up by news organizations across the US and the world. There’s just one minor problem. First time claims actually increased by 9,361. The AP, and everybody else,...
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Financial Companies: We’re Not Too Big To Fail
It is not very often that business people head to Washington to explain how unimportant they are.
But over the last several months, executives from more than two dozen financial companies and their trade groups have paraded into the Treasur...
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Is It Time To Kill The Mortgage Interest Tax Deduction?
With proposals from both President Obama and Republican leaders to broaden the tax base, it seems likely that some cherished income tax deductions may be reduced or even eliminated, and one leading candidate for the chopping block is the deduction f...
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Earnings Death or Taxes
Weak corporate tax collections in the first quarter and through April 11 could mean that many quarterly earnings reports may surprise the market by failing to meet analysts’ inflated expectations. Either corporate profits are falling sharply or else corporations have suddenly become much savvier about offshoring income and avoiding taxes. While they may be...
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50% of at-risk mortgages are second liens
The only argument for not forcing banks to take serious write-downs on second-lien loans is the assumption that housing prices are going to return to pre-2007 prices. And that is not going to happen unless we have another real estate bubble.
Second-l...
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Treasury offers warrants to buy Citigroup stock
Treasury offers warrants to buy Citigroup stock
Monday January 24, 2011, 8:59 am EST
WASHINGTON (Reuters) - The U.S. Treasury Department announced on Monday that will offer two groups of warrants to buy stock in Citigroup Inc. that it obtained as par...
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Is Your Bank on the “100 Safest” List?
We want to trust in the financial stability of our bank. After all, most of us have money in these institutions.
...
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Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda. Google’s income shifting -- involving strategies known to lawyers as the “Do...
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To Little Effect- Available for Viewing
The is now increasing evidence that an overshoot is developing in housing, with the main thrust coming in higher end prime mortgages. In February the Government came up with programs to spend $75 billion on incentives for mortgage servicing companies that reduce payments for troubled homeowners. The Treasury Department said the program will...
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Actionable To Little Effect
The is now increasing evidence that an overshoot is developing in housing, with the main thrust coming in higher end prime mortgages. In February the Government came up with programs to spend $75 billion on incentives for mortgage servicing companies that reduce payments for troubled homeowners. The Treasury Department said the program will...
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Bank Stress Test Results Released
US Treasury Department Recommendation: Economic growth must be lifted slightly (but not too much) to validate bank balance sheet solvencyWhat a pleasant surprise to read an interview with President Obama this weekend which contained the following:What I think will change, what I think was an aberration, was a situation where corporate profits in the...
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