Q4 Earnings Really Weren’t Too Bad  Except For Banking
Up 11% ex financials, and if you do it ex financial writeoffs and include financial operating earnings its higher than that. The risks to 2008
February 6, 2008
Up 11% ex financials, and if you do it ex financial writeoffs and include financial operating earnings its higher than that. The risks to 2008
Challenger Job Cuts Total (Jan) Survey n/a Actual 74,986 Prior 44,416 Revised n/a A volatile number that has been showing low levels of layoffs and
If there is going to be negative growth, this drop is a start, and I’d expect car sales to fall further from here soon. ♥
Please excuse the mix of Bloomberg and Valance graphs. Comments welcome. Went blurry eyed trying to organize it all. Markets reacted strongly to Friday’s -17,000
Change in Nonfarm Payrolls (Jan) Survey 70K Actual -17K Prior 18K Revised 82K Last negative number was August – got revised up. Apart from the
From Karim: Index of aggregate hours -0.3% Diffusion index from 50.0 to 46.2 Median duration of unemployment from 8.4 to 8.8 weeks So output likely
Expect a lot more takeover activity supporting equities. Forces are stacked against ‘normal’ shareholding, as management is incented to dilute shareholders as previously discussed, and
Personal Income (Dec) Survey 0.4% Actual 0.5% Prior 0.4% Revised n/a Personal Income TABLE A bit better than expected, holding up reasonably well, as declining
(an interoffice email) Deep, Interesting! In the case of a bank failure, Spain still is the entity that would repay depositors. To get the funds
From Karim: True to the past 5yrs pattern, claims seem to be reverting to trend after the first few weeks of January. Right, good call!