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Daily Archives: March 20, 2013
A strong voice to break up big banks
The Times’s Louise Story talks to Thomas Hoenig, the vice chairman of the Federal Deposit Insurance Corporation, who says he is not alone in calling for a breakup of banks too large to regulate.Here is a direct video link.
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The mirage of progress
As traders ramp the Dow waiting for more liquidity assurances from the US Fed this afternoon, key companies and commodities servicing the real economy continue to turn lower and warn of contracting global demand. The following chart captures the “great … Continue reading
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A few relevant headlines this morning
UK’s Osbourne says 2013 GDP forecast cut in half, cites Euro risks Fedex earnings fall short, citing ongoing international weakness, plans to decrease capacity to and from Asia in response General Mills sees weaker earnings as fuel and ingredient costs … Continue reading
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