Eric S. spotted this: Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds
A reader from South Carolina sent this: The weak dollar and the economy
Items from The Economatrix:
Michael Panzner: Wall Street’s Gains Equal Main Street’s Losses? “In sum, while a growing number of investors seem to believe that Main Street is on the mend, many of corporate America’s senior executives — who are normally not prone towards pessimistic outlooks — are maintaining that they see no real evidence of a revival where it counts — on the ground. In fact, amid an almost single-minded focus on reported earnings results, many of which only appear favorable in comparison to the low-ball, company managed estimates that clueless analysts have come up with, Wall Street hasn’t been paying much attention to just how dicey things look at the top of the income statement.”
Dollar Dying, Gold Gleaming
UK Oil Giants’ Profits Plunge $10 Billion
Facing Retirement: 70 is the new 65
Guaranty Bank Warns it’s on Verge of Failure
Lawmakers: California Budget Crisis Resolved, For Now
Small Business Loan Defaults Expected to Rise
School Budgets Dip, Class Sizes Grow
Atlas Vacant – The Commercial Real Estate Bust: Gearing up for a $3 Trillion Headache. Increase in Vacancy Rates and Higher Defaults
Negative Folly (The Mogambo Guru)