Sentient Money

Finally, I have internet access again!  Just in time for this sweet story.
 

“Regulators and investors are bracing for a small number of banks to fail over the next 12 to 18 months. Analysts predict that 50 to 150 banks might stumble. In the first quarter this year, the F.D.I.C. listed 90 banks as troubled, which [...]

There has been a lot of talk recently that oil speculation is the main cause behind the huge run up in oil.  Whether this is true or not could be irrelevant based on a current Businessweek article titled In Praise of Oil Speculation.
The author states a few good reasons for why it does not matter [...]

Just wanted to wish everyone a happy Fourth of July.  I will be in Milwaukee at the great music festival they have, enjoying a few Leinenkugaels. 

My favorite market analyst Barry Ritholtz, at The Big Picture, has called for:
“Bottom line:  A bounce, similar to January, only not as strong or long-lasting. And, its not a lasting bottom.”
I couldn’t agree more.  Things are getting worse not better.  GM and Ford can’t sell any SUVs or trucks, and only people buying cars are [...]