Charting Stocks

The yield on 3 month treasury bills remain at lows not seen since the great depression.

The UK government has frozen $1.6 billion of Iran’s assets. British officials made the announcement on Thursday and claim that the money was frozen under international sanctions imposed over Tehran’s nuclear program. You know, the nuclear program which Iran has every legal right to pursue under the Nuclear Non-Proliferation Treaty.
UK’s economic secretary to the Treasury [...]

Bailout #3 for Citigroup
The Government has reached a deal to buy 36% of Citigroup’s common stock. The United States will now be the largest shareholder of the troubled bank (But don’t call it nationalization). Citigroup announced another huge quarterly loss. The firm lost $10 billion in the 4th quarter of 2008 and has suspended dividend [...]

GM’s proposal to restructure the company includes $30 billion from the US taxpayer while firing another 47,000 of those same taxpayers.
General Motors submitted the plan to the Treasury  today to explain how the Detroit automaker will become viable and repay its loans. It says GM will try to borrow up to $16.6 billion more from [...]

I noticed a couple of comments (OK just one) regarding inflation/deflation and how to know which is dominant. To get the answer I like to use a simple inflation/deflation indicator that I first learned about by reading John Murphy’s Intermarket Analysis book. I highly recommend reading this book to anyone who’s interested in charting stocks [...]

Straight from the horses mouth. Click the image for a better view.

Source: Bloomberg, Federal Reserve, FDIC, FHA, Treasury Dept.

The yield on the 10 year treasury sunk to a 50 year low this week. It’s important to pay attention to moves in the treasury yield. If investors are panicked, they are more concerned with safety and less concerned with returns. Because price and yield are inversely related, when demand increases and the price for [...]

Timothy F. Geithner
Obama Cabinet Position: Treasury Secretary
Political Party: Democrat
Career: Ford Foundation, Kissinger and Associates (Major Lobbying Firm), IMF, Federal Reserve Bank of New York, Under Secretary of Treasury under Larry Summers and Robert Rubin.
Member: Bilderberg Group, Council on Foreign Relations, Trilateral Commission
Notable Events: In 2007, he brokered the sale of Bear Stearns to JP Morgan [...]

With newfound bailout money in their wallets, big banks have been rushing to gobble up smaller ones. At the center of these mergers is the Treasury Department, led by Goldman Sachs alums Henry Paulson and Neel Kashkari. While neglecting struggling homeowners they have created major incentives for widespread bank consolidation, which could lead to a [...]

That’s right $4.28 trillion dollars. That’s $4,284,500,000,000. The total cost has now exceeded the total cost of World War 2, in inflation adjusted terms. Fannie Mae & Freddie Mac have cost the American taxpayer $350 Billion, AIG $110 Billion+, Bear Stearns $30 Billion and $25 Billion to the Auto Makers.
The US has shelled out $700 [...]