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Recent Posts Tagged With 'general economics'
Bank Failure: Riverview Community Bank (Otsego, MA) Bank n° 105 To Fail
This last bank closes the round of five failed banks this week. It will be however noted that these are mostly “small” or regional banks and that they have been bought up by competitors, which gives a real illustration of the economic fun...
Bank Failure: Bank of Elmwood, Racine, Wisconsin, Is Bank n° 104 To Fail
FOR IMMEDIATE RELEASE October 23, 2009 Bank of Elmwood, Racine, Wisconsin, was closed today by the Wisconsin Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositor...
Bank Failure: Flagship National Bank (Bradenton, FL) Bank N° 103 To Fail
FOR IMMEDIATE RELEASE October 23, 2009 Flagship National Bank, Bradenton, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the deposi...
Bank Failures: Hillcrest Bank Florida (Naples, FL), 102nd Bank To Fail
FOR IMMEDIATE RELEASE October 23, 2009 Hillcrest Bank Florida, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors,...
Bank Failure: American United Bank (Lawrenceville, GA) is the 101st Bank to Fail
FOR IMMEDIATE RELEASE October 23, 2009 American United Bank, Lawrenceville, Georgia, was closed today by the Georgia Department of Banking & Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the de...
Bank Failure: Partners Bank (Naples, FL) Is The 100th Bank To Fail in 2009
It was merely a question of time, but then a tiny bank of Florida got the unenviable title of being the 100th bank to fail in 2009. Four other banks also went under Friday. FOR IMMEDIATE RELEASE October 23, 2009 Partners Bank, Naples, Florida, was c...
China’s Growth Does Not Abate – Power Consumption Goes Up
Despite what is habitually said of Chinese stats, some elements seem to indicate that “growth” is not abating in the Chinese economy. Electricity consumption is generally considered as the most reliable indicator to check the reality of...
Bank Failure: San Joaquin Bank (Bakersfield, CA), Bank n° 99 To Fail
An interesting number this time… 99 banks to fail this year in the US. After a quiet couple of weeks with no bank failures, here we go again. An article suggests even that 100 could only be 10 % of the number of total bank failures through to 2...
Black Swan Chronicles: Are Job Losses Actually Worse Than Expected?
BTE (Better Than Expected) has been the norm these last times… Pushing the market always higher. Now, how about some WTE (Worse Than Expected)? The earnings of BAC and of GE this morning have left some bitter taste for the bulls as BAC pulled u...
CIT About To Exhale The Last Breath? “Market Efficiency” About To Take Another Hit…
The lender for small and medium-sized business is having increasingly more difficulties in reaching an agreement on restructuring its debt. Just as it emerged a few weeks ago that GS had an interest in CIT’s bankruptcy, it would appear today th...
Black Swan Chronicles: Chinese Imports Of Iron Ore Exceed Demand
Another sign of the Chinese muddling in commodities has emerged when it was known that Chinese imports of Iron ore exceeds the demand by 50 million tons for this year. Speculation (and accumulation of commodities) both by Chinese State authorities ...
Global Economy: Which Way Now?
So far, we have managed to get back to the highs of the year on the S&P 500. Emerging markets have also participated in their boom. As the markets are now reaching overvalued territory considering the current growth, the question now remains ling...
President Barrack Obama Is Awarded The Nobel Peace Prize
No, that is not a joke… President Barrack Obama was given today the Nobel Peace Prize for his “extraordinary efforts to reinforce international diplomacy and peace among people”. I have been rather flabbergasted by the news, failing...
Black Swan Chronicles: The “Cash On The Sidelines” Exists: We Just Missed Its Direction!
There have been a number of contradictory theses on the “money on the sidelines”, notably of the funds of retail investors. However, an interesting piece from “Trader’s Narrative” points out that the money is actually fl...
Bank Failure: Warren Bank (Warren, MI), Bank n° 96 To Fail
Are we going now to see a spectacular drop in the number of bank failures on Fridays? For now, this Friday, only one bank has failed so far. Tonight, it is a Michiganian bank’s turn. Cost to the FDIC: 275 million $ cost FOR IMMEDIATE RELEASE O...
Bank Failure: Georgian Bank (Atlanta, Ga), Bank n° 95 To Fail
FOR IMMEDIATE RELEASE September 25, 2009 Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the ...
The “Age Of Austerity” Is About To Come For The G-20
As the G-20 tries to solve the issue of rolling back those trillions of dollars spent to keep banks afloat and to jump-start the economy, a Bloomberg article warns that of an impending new “Age of Austerity” might hit the world. For this ...
The Debate On”Pulling Forward” Economic Growth: Dispelling Confusions
Bearish commentators such as Karl Denninger have often resorted to the argument of opposing “pulling forward” growth vs “organic growth”. What began principally as the desire to dispel some economic confusion became in the cou...
Black Swan Chronicles: Japanese Exports Tumble In August
Japan is one of the world economies that relies heavily on having great exports to compensate the costs it faces with having had to cope with a high public and corporate debt during the “lost decade”. It is also often a bellwether of the ...
Resources: The Full 2009 Yearbook of European Statistics
RebelTraders has also the vocation of becoming a hub for resources on economic information and statistics. That’s the reason for our providing you with the original data as often as possible. Undigested by the media, free and complete. It is on...
New Japanese Prime Minister Revises Budget To Accentuate Welfare Aspects
One of the first decision by the new left-wing Japanese Prime minister, Mr. Hatoyama was to freeze the spending plan decided by Mr. Aso, his predecessor at the function. Some of the projects suspended planned to build a “national media arts cen...
Black Swan Chronicles: Chinese Regulators Worried About Credit Run
Part of the astounding growth in the Chinese stock market has been fueled by an unbound lending by the Chinese banks. In addition, the government stimulus also took the form of loans, which in some case were not required at all, but have been made no...
Black Swan Chronicles: American-Style Credit Card Debt Default Starting In China
Of course, when you start a credit flood, this is to be expected… But yet, China is climbing into another American-style issue: defaults on credit card debt are rising by 131 %. Nice to see that the US have succeeded in exporting their irrespon...
Black Swan Chronicles: Chinese Shipbuilding In Crisis
It was mentioned on several web sites (among which the Rebel Traders one) that Shipping had its own graveyard, somewhere in Malaysia, where superfluous ships were sent to expect the economic recovery. The phenomenon of overcapacity in shipping (we sa...
Eyes Wide Open: Not Discounting A Positive Issue For The Economy
Talking about “recovery” sure is a contentious issue… But being “Rebel” also means thinking out of the box. The financial markets have been factoring in a miraculous recovery and hyperinflation so far, without any second...
Black Swan Chronicles: Andy Xie On Japan’s Sinking Economy Lessons
Andy Xie, whose insights we have often referenced in our chronicles is back with an analysis of the failure of Keynesian economics in Japan on Caijing. As previously mentioned in two posts, Andy Xie firmly believes in a second dip taking place somewh...
Black Swan Chronicles: The Legacy Of The Crisis
As we are uncertainly heading on the path to recovery with again market exuberance to celebrate, the European Commission issued a preliminary report showing that the huge spendings on stimulus plans in the European Union (EU) these last few months ev...
“Black Swan” Chronicles: China Loses Again On Commodity Derivatives
I had mentioned quite a while ago, the attempts of China to become a big player in the field of commodities. I had said then that China had not proved very successful in using trading as a tool to acquire a dominant position on the market. As Caijing...
The OECD’s Composite Leading Indicators Point To A “Broad” Global Recovery
Confirming the latest stats and global indicators, the OECD confirmed that its leading indicators, which attempt ” to indicate turning points in economic activity approximately six months in advance” confirmed that a turnaround is indeed ...
Black Swan Chronicles: The Debt Comes To Haunt Timmy
Today was the day in which was reported the state of the US Federal Budget. It sure is a nightmare as no government would ever want to have, Keynesianism or not. One graph is better than hundred words: Hence you can see that social security and other...
