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Looks like Meredith is wrong on mortgage mods being the new bull market due servicers not being able to be sued anymore. This study shows the mortgages whether securitized or not are not being modified by and large http://www.economist.com/businessfinance/displaystory.cfm?story_id=13998732...

$2.3b TARP recipient being allowed to fail, this shouldn't go well with congress if they need more TARP money http://finance.yahoo.com/news/Government-will-not-give-apf-3692754084.html?x=0&sec=topStories&pos=1&asset=&ccode=

Empire State Manufacturing Prices Paid Index +10.42 Prices Received Index -8.33 Some green shoot, this is the stuff that manufacturing bankruptcies are made of. The amount of firms reporter 'higher' Business conditions actually fell, but the ones that went from 'lower' conditions to 'same'...

Wow, Mcculey from Pimco just made an article that is all the stuff I have been arguing on why the US is not Japan for the long-run. He even used the same sources http://www.pimco.com/LeftNav/Featured+Market+Commentary/FF/2009/July+2009+Global+Central+Bank+Focus+McCulley.htm This is a big...

Do you have any idea what kind of NFP number needs to print every month for how long to get to 15%?The way we are going with 400k-300k(and declining) there is no way it will remotely get this high. There needs to be another lehman shock and the government has already said they will bail lemonade...

A dismal earnings report, what the stock will do is a coinflip, it could go either way

Total debt underwriting revenues for GS were $336m(less than $1 per share pre-tax pre-expenses, after that it might be something 25c a share), Whitney is speculating this will put the mother of all growth trends. I'm not quite sure she is correct

So GS is now a hedge fund in the right side of the market raking in lots of gains from FICC but GS themselves arent exactly the oracles of the market http://www.businessinsider.com/goldman-as-a-stock-broker As it currently stands with its current valuation all it takes for GS to plunge is...

I'm not sure what whitney is expecting from Goldman. Total debt underwriting revenues for the quarter were $584M, thats $1 a share pre-tax pre-expenses. Goldman really made their money from Trading and Principal Investments, due gains in FICC(fixed income, currency and commodities) $13.3b in...

I respect her opinion, but I believe on this one she is so far off the mark its absurd http://www.cnbc.com/id/15840232?video=1180810791&play=1

Meredith Whitney says banks are going to post huge numbers on the back of non-agency mortgage gains. The mother of all mortgage quarters on refis, MSRs writeups(whatever that means) and mods http://www.cnbc.com/id/15840232?video=1180792150&play=1...

Okay, Whitney might be right

CIT must have been the bank the borrowed at a 7% rate in the fed funds market in 06/30/2009. This means that without government action failure of a TARP recipient with $75B in assets is imminent http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm I'm not sure the government will let...

I dont pay for Whitney research so I'm not sure what she is thinking. The stress tests show Goldman will make $0.7b net over the next 18 months, they will have $17.4b in losses in 'trading & counterparty', those are 'earnings estimates' from the goldman management themselves Yes, its possible...

I'm going to use this whitney rally to stablish some put positions in financials. I'm relutanct to disclose more specific trades because I find the idea of having ingrate sobs like cutten making money from me trully sickening Put losses YTD for me have been significant, my fed futures has put...

Stock doubles and she upgrades it, classic

Looks like JP morgan will be served a government free lunch again http://www.bloomberg.com/apps/news?pid=20601087&sid=a6yPA2m6ifQo

That was one of the most severe recessions on record, it is also matched by a peak in the money supply in 1921 and through in 1922/23. In order for you to counter my statement the money supply would have to continue to decline and the economy to boom. That didnt happen, deposits continue to grow...

Debt is the result of free economic agents allocating savings into what they believe are the most productive investments. Therefore to criticize debt is to criticize the free market itself. A central bank doesnt make people crazy, US had bubbles before 1913 Greenspan didnt put a gun to Chuck...

It seems we are seeing people without the forecasting courage to say unemployment ie headed to 11%, its like everybody is hiding behind 'it will go above 10%', thats not much of a forecast with the rate at 9.5%. The exceptions are rosenberg, roubini and rogoff. Rosenberg is saying it will...