Tag Archive for Aig

Dow Hits Record High – What Does That Say About the U.S. Economy? – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Equity market cheerleaders got very excited about the Dow Jones Industrial Average hitting a new record high yesterday (Tuesday). The Dow closed at 14,253.77, topping its previous record close of 14,164.53 on Oct. 9, 2007. While it is…

Fitch Avows MetLife’s Debt – Analyst Blog – Money Morning

On Tuesday, Fitch Ratings affirmed all the debt and credit ratings of MetLife Inc. (MET) and its operating subsidiaries, reflecting its dominant market position and financial flexibility amid the low rate interest environment. Accordingly, Fitch asserted the issuer default rating (IDR) of “A” for MetLife, while the financial strength ratings (FSR) were maintained at “AA-” […]

It’s All in the Flows – Frederick J. Sheehan

The 2007 Federal Open Market Committee (FOMC) transcripts were released last week. Media reports have concentrated on the Fed’s forbearance during the credit meltdown. Implied, but not stated (in what I have read) is the major reason for such nonchalance: The Fed only acknowledges flows, not stocks. This might sound boring. It is also very…

AIG Chief Sees Retirement Age as High as 80 After Crisis (Video) – Bloomberg

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his…

Mind Blowing Economic Charts – First Time Claims, The Stock Market, and The Fed

Improvement in first time unemployment claims is slowing. Actual, not seasonally manipulated data, including an adjustment for the usual weekly upward revision, shows that the year to year rate of change is on the cusp of a possible upside breakout, which would be good news for stock market bears if it happens. Here’s why it’s…