SubscribeDH UNPlugged 50 : Throwing Geithner Under The Bus
January 27, 2010
Here is our latest conversation …. new insights for anyone who invests in anything. This week we highlight a discussion about specific stocks to examine. Plus: A stock to buy (John does not agree) …
NEW! We are now tracking the stocks that Andrew recommends each episode. Here is the link… Listen to reasons why and then take a look at the spreadsheet for results. News and item discussed in this episode – CLICK HERE
CLICK HERE TO LISTEN TO EPISODE # 50
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Links and Reading for January 26th
January 26, 2010
Some of the more interesting and important items for January 26th :
- Freddie Mac May Consider Financing Stuytown Purchase – Jan. 26 (Bloomberg) — Freddie Mac, the U.S.-backed mortgage buyer that is a creditor of Stuyvesant Town-Peter Cooper Village, would consider providing financing to an eventual buyer of the Manhattan apartment complex, according to a person familiar with the matter.
- Berkshire Hathaway to join S&P 500, shares soar – Nice move that 30 to 1 reverse split
- Bernanke Rounds Up Senate Confirmation Votes With Phone Calls – Forty-nine senators have said they would vote for the 56- year-old Fed chief or were inclined to support him, while 20 were opposed. Republicans were split 13-13 on a second term for Bernanke, while Democrats favored the Fed chief by a 35-6 margin, according to a count by Bloomberg News. Thirty-one senators were undecided or declined to comment.
- S&P, Moody’s Win Dismissal of Claims in Mortgage Suit – Standard & Poor’s and Moody’s Corp. won dismissal of a lawsuit seeking to hold them responsible for defrauding investors who bought about $100 billion of mortgage- backed securities.
- Geithner – Thrown Under the Bus (But Goldman Job Awaits) – Can Geithner be the fall guy for the Mass upset?
- South Korea’s Economic Growth Slowed in Quarter – Not Encouraging
- Amgen 2010 forecast shows potential upside – Not so fast, they missed considerably fellas.
- Home sales plunge; worst dip in 40 years – Nasty…
Looking at the Housing Reports – What Do YOU See?
January 26, 2010
It appears that the slope of the Cash-Schiller is moving in a better trajectory. But look carefully at the chart and see that this is oiff of the year ago low point. The reason that it looks good is that housing prices are not falling “as much” as they were, but they are still falling.
In fact, they still just stabilizing from close to the lowest points that we have Read more
Geithner – Thrown Under the Bus (But Goldman Job Awaits)
January 26, 2010
Someone is going to have to take the heat from the Massachusetts Senate debacle. There is not other way. Washington has always needed to point the finger of blame in one direction or the other in order to save their own hides. Who will be next to find an index finger pointed toward their face?
Well, according to Bloomberg’s Carol Baum – Treasury Secretary Geithner’s neck is probably headed for the chopping block, and she may be right.
Think of the swift change of characters that have been ushered into the “damage control room” at the White House post the Brown/Coakley upset. Now we hear that the once shunned Paul Volker is back to being the go-to-guy for the financial industry overhaul (or destruction, whichever). Read more
Housing Double Dip…Or Triple…Or…
January 25, 2010
There were few reports out this morning which is probably why markets felt the need to rise. Of course the relief that investors felt as the confirmation of Fed Chairman Bernanke was back on track. (Note: the latest naysayer is reported to be Senator John McCain)
Whatever the cause of the market’s jubilation, it was definitely not the housing numbers that were released. These confirm what we had been seeing in the construction numbers earlier in the month. Even though there is some evidence that prices have moved higher on a year-over-year basis, it is from the low-point.
Until we see Read more
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