Resources

30 Resources for

richard suttmeier

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Second Stimulus? Count Again.
Today I count the number of stimulus bills since the beginning of “The Great Credit Crunch”. Those who are calling for a Second Stimulus must have forgotten the billions wasted in 2008. Wasn’t the first stimulus the Housing and Economic Recovery Act of 2008, passed about a year...
Tags: US Market, Richard Suttmeier
External links 2009-07-14
FOMC: Actions Speak Louder than Words
FDIC Focuses on Assessments As I said on Wednesday, The FDIC floated a trial balloon on borrowing from “healthy banks”, which to me is an oxymoron. I challenged readers to name a healthy bank, and no one responded. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-09-24
Why U.S. Treasury Should Loan TARP to FDIC
Bank Failure Friday, Lagging Home Sales, Should the TARP be Rolled Up, and Tracking the Charts for the S&P 500 Only one bank failure on Bank Failure Friday brings the total to 50 in the third quarter, by Richard Suttmeier
Tags: Financial, Richard Suttmeier
External links 2009-09-28
Banks Prepaying FDIC Fees: Sheer Madness
Consumer Confidence is expected to rise above a reading of 56 for September. A reading above 56 would be one of those “less bad” readings as the neutral zone for the Conference Board’s Consumer Confidence is 90 to 120. Strong confidence is a reading...
Tags: US Market, Richard Suttmeier
External links 2009-09-29
The FDIC Just Doesn't Get the Economic Situation
Banks to Replenish DIF, but it won’t be enough FDIC insured institutions are required to prepay their estimated quarterly risk-based assessments for the 4th quarter of 2009 and for all of 2010, 2011 and 2012 by the end of 2009. This is FDIC MADNESS!...
Tags: US Market, Richard Suttmeier
External links 2009-09-30
FDIC Forecasts More Bad Loans and Bank Failures
The FDIC finally admits to C&D and CRE loan problems. I have been warning about overexposures to C&D and CRE loans posing the biggest threat to community and regional banks since April 2006. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-10-16
Bank Failure Friday Shutters Seven More
Bank Failure Friday Shutters Seven, as the total for 2009 rises to 106 bank failures by Richard Suttmeier
Tags: US Market, Financial, Richard Suttmeier
External links 2009-10-26
Homebuilders and Banks Continue to Face Pressures
Existing Home Sales higher, but incentive is expiring Existing home sales jumped 9.4% in September to an annual rate of 5.57 million units, but this will likely be the last month helped by the $8,000 first time home buyer tax rebate. by Richard Suttmeier
Tags: US Market, Financial, Richard Suttmeier
External links 2009-10-27
On Bank Failure Friday (Nine Plus CIT)
The nine failed banks are subsidiaries of FBOP Corporation with total assets of $19.4 billion. The nine banks had 153 offices in Arizona, California, Illinois and Texas. All will open as branches of US Bancorp USB on Monday. This brings total failures for 2009 to 115 and to 141 since...
Tags: Financial, Richard Suttmeier, CIT Group
External links 2009-11-02
Fed Shows a Lack of Confidence
The Fed Statement shows a total lack of confidence that the 3.5% GDP growth can be sustained. They are endorsing the dollar carry trade, which fuels commodity speculation, and inflation expectations. The FOMC says that economic activity continued to pick up since their September meeting. Conditions in...
Tags: US Market, Richard Suttmeier
External links 2009-11-05
Dow Reaches a New 2009 High, But Divergences Remain
As I tracked the pre-market on Monday I saw that the Dow would take out my weekly pivot at 10,076 and reach a new high for the move. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-11-10
Not a New Bull Market for Stocks
We are still in a Multi-Year Bear Market that began in October 2007, led lower by financials. The Bear Market Rally is based mainly on the Dollar Carry trade not on economic fundamentals. You can not have a New Bull Market when ValuEngine shows seven of eleven...
Tags: US Market, Richard Suttmeier
External links 2009-11-12
The Carry Trade Has Created Asset Bubbles
Fed’s Vice-Chair Donald Kohn sees no asset bubbles – I say, take off the rose colored glasses and get a Seeing Eye dog. Look at the charts for gold, copper and equities, and for the dollar index. For the Dollar Index there is a potential Weekly Key...
Tags: US Market, Richard Suttmeier
External links 2009-11-18
The Great Credit Crunch Is Deepening
Bank Assessments to Cover “Too-Big-To-Fail Within the proposed banking reform bill the House Financial Services Committee wants banks and funds to make payments in advance for companies deemed “too-big-to-fail”. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-11-19
Prepare for More Banking Problems
Our banking regulators want to end “too big to fail” but that will be difficult as the FDIC seeks help to handle 500 to 800 bank failures by the end of 2011. FDIC Chair Sheila Bair says, by Richard Suttmeier
Tags: US Market, Financial, Richard Suttmeier
External links 2009-09-22
New Banking Issues on the Horizon
Two more banks failed on Bank Failure Friday There are now 94 failed banks in 2009 on our way to 500 to 800 bank failures into 2011 / 2012. by Richard Suttmeier
Tags: Financial, Richard Suttmeier, Irwin Financial Corp.
External links 2009-09-21
The Great Credit Crunch Continues Unabated
Reviewing my bearish calls on the economy and the markets It was in mid-2005 when I predicted that the homebuilders were about to start their bear market. by Richard Suttmeier
Tags: US Market, Financial, Richard Suttmeier, Zions Bancorporation
External links 2009-07-20
Will the Weaker Dollar Intensify?
Yields are feeling the pinch of supply with a record $42 billion 2-Year notes auctioned yesterday. The daily chart for the yield on the 2-Year shows a floor around 0.8%, and it appears that the spike to 1.45% in early June is being consolidated. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-07-28
Are Green Shoots Wilting or Growing?
The 2-Year auction was so-so yesterday with $39 billion new 5-Year notes on the docket today. The 2-Year was auctioned at 1.08% versus 1.01% for the current issue at auction time. The bid-to-cover was reasonable at 2.75 times. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-07-29
Forget Cash for Clunkers - What About Mulligan Mortgages?
My “Mortgage Mulligan” is cash for “Clunker Mortgages” I first proposed my “Mortgage Mulligan” Program back in February 2008. by Richard Suttmeier
Tags: US Market, Richard Suttmeier
External links 2009-08-04
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