CalculatedRisk @ July 31, 2011 # Comments Off
The details are still murky …
UPDATE2: WSJ: Obama Says Congressional Leaders Have Agreed to a Debt Deal
Update: The WSJ reports: House Republican leaders have agreed to a “tentative deal” … House leaders have scheduled a briefing for their ca…
CalculatedRisk @ July 31, 2011 # Comments Off
The following graph compares the weekly count of banks on the “unofficial problem bank list” with the number from the FDIC’s Quarterly Banking Profile.
We started posting the Unofficial Problem Bank list in early August 2009 (credit: surferdude808).
…
CalculatedRisk @ July 31, 2011 # Comments Off
The final vote will probably be on Tuesday to maximize camera time …
From the WSJ:
The White House and negotiators for congressional leaders of both parties are pushing for a deal that would raise the nation’s borrowing limit in tandem with defi…
CalculatedRisk @ July 31, 2011 # Comments Off
From the National Restaurant Association: Restaurant Industry Outlook Strengthened in June as Restaurant Performance Index Rose Above 100
Driven by stronger same-store sales and traffic levels and a more optimistic outlook among restaurant operators, …
CalculatedRisk @ July 31, 2011 # Comments Off
From the NY Times: Amid New Talks, Some Optimism on Debt Crisis
Senator Harry Reid … said he would convene the Senate at noon on Sunday for a vote an hour later.The vote will probably be delayed some more … and then maybe fail in the House on the …
CalculatedRisk @ July 31, 2011 # Comments Off
• I remain confident that Congress will raise the debt ceiling; however the circus in D.C. is clearly impacting the economy. This morning I spoke to a business owner who is negotiating a new lease to expand. His lawyer told him not to sign the lease …
CalculatedRisk @ July 30, 2011 # Comments Off
Earlier:
• Summary for Week ending July 29th
The key report for this week will be the July employment report to be released on Friday, August 5th. The ISM manufacturing report will be released on Monday, and the ISM non-manufacturing report on Wedne…
CalculatedRisk @ July 30, 2011 # Comments Off
The big economic story of the week was the Q2 GDP release. The Bureau of Economic Analysis (BEA) reported that real GDP growth increased a sluggish 1.3% annualized in Q2, and that growth was revised down to just 0.4% in Q1. Also the revisions indicate…
larrygreenberg @ July 30, 2011 # Comments Off
Two interrelated themes played out in July, a slowdown of global growth and unfolding U.S. and European fiscal crises. It was a good month for gold, bond prices and the Swiss franc but a poor one for the euro, dollar, and share prices. Gold…
CalculatedRisk @ July 30, 2011 # Comments Off
Note: this is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for July 29, 2011.
Changes and comments from surferdude808:
After eight additions and six removals this week, the Unoffici…