Quanta Analytics List of Troubled Banks for 2011 and Beyond
Jim Boswell of Quanta Analytics (QA) fame has just finished compiling the Quanta Analytics Troubled Bank List for 2011 and Beyond. Boswell used the 9/30/2010 banking data from the FDIC’s database to compile his list.
Here are some relevant… Continue reading
The Worst Is Over — A Lesson in Accounting 101 for Economists
By Jim Boswell, author of Crush Depth Alert
As we work ourselves through this Great Recession, one has to wonder about the state of affairs in the two primary financial institutions, the Federal Reserve and the Department of the Treasury,… Continue reading
TARP Did Not Save Us from a Great Depression
America's financial and economic leadership.
By Jim Boswell, author of Crush Depth Alert
The $700 billion Troubled Asset Relief Program (TARP) officially came to an end Sunday, two years to the date after it was signed into law. As the… Continue reading
History is Not Bunk Unless Someone Important Wants It to Be
By Jim Boswell, author of Crush Depth Alert
Late in the fall of 1988 the accounting firm, Coopers & Lybrand (C&L), won a competitive award to construct a computer system that collected the monthly security and loan information relating to… Continue reading
America: It’s Time To Stand Up And Scream “We Want New Leadership”
By Jim Boswell, author of Crush Depth Alert
Where is Howard Beale when we need him? Two years into the Greatest Recession Since the Great Depression (GRSGD) and our financial leaders are still telling us that we need to be… Continue reading
Quanta Analytics List of Troubled Banks for 2010 and Beyond
By Jim Boswell, author of Crush Depth Alert
Last weekend the Federal Deposit Insurance Corporation (FDIC) shutdown another bank, running its total for the year to 110 banks. So less than two-thirds of the way through this year, the FDIC… Continue reading
Nicolas Cage for Treasury Secretary
This summer, the IRS rewarded Nicolas Cage for his “efforts” with a $6 million tax lien on his New Orleans’ properties for unpaid taxes. So the IRS, lead by tax cheat Timothy Geithner, is cracking down on Nicolas Cage for unpaid taxes. How ironic. Or perhaps, “how fitting” would be a better way to put it. After all, I think Tim Geithner, our spend-happy congress, the Federal Reserve, George Bush and Barack Obama can give Nicolas Cage a run for his money (what little is left of it) when it comes to irresponsible spending. Honestly, look at what our government has been doing: Continue reading
Intoxicating Visuals for the Dollar, Credit Cards & Bank Failures
The drop in the trade-weighted dollar index was led by the dollar’s 16% depreciation against the Canadian dollar, and a 12% decline against the euro. So watch for traveling Canadians towards the end of the summer; it's getting nice and cheap for them to come visit. Continue reading
Authenticating…Cashless Society
But if the economy doesn’t turnaround in a meaningful way by the end of President Obama’s first term, what is the next move for central planners? Just when you think they’ve ran out of bullets, they pull out a golden gun. Could the next move be a nudge towards a cashless society? Whispers of such an about-face have turned into legitimate policy debates in Japan. The total shift to electronic money would be designed, and sold to the Japanese people, as a way to fight the deflationary spiral they’ve battled for a decade plus (coined "the lost decade"). Nothing scares the central bankers more than deflation. And nothing works better to push through policy than fear. Americans have learned all about fear mongering through both the Bush and Obama administrations. Continue reading
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