5 charts showing deep embedded problems in the banking and financial sector – banking data shows that recession is still going with 5.64% of all loans as non-performing. Banking charge-offs at record levels.
The new motto for banks should be “look at what I do, not as I say” because bank balance sheets are still worsening. If bad debt is any indicator of financial health or of the stability of a bank balance sheet, banks are extremely ill even after the enormous amounts of money pushed into their [...]
GDP in the United States – Misleading data? How GDP may not be a good representation of the actual economy.
Interesting look at GDP in a weekend article. There have been recent debates about GDP really reflecting the true health of an economy. When we hear that GDP is going up we generally think that wages, jobs, the stock market, all go up in tandem. But in today’s market it would appear that the only [...]
Real estate across the bay – Looking at Hayward and San Mateo. California financial bubbles springing up once again in the Bay Area. Hayward up 56 percent from last year?
I wanted to compare two cities across the bay that are showing the split in California housing. In one select area we are seeing prices persistently high and in another area, we have seen prices come down hard. Yet the interesting thing about the data is that it shows us that both areas are seeing [...]