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FED have already bought $237B and plan to buy another $300B. http://online.wsj.com/article/BT-CO-20090805-715003.html NEW YORK (Dow Jones)--The Federal Reserve Bank of New York announced Wednesday its latest round of Treasury debt purchases. The securities are being bought as part of a...

Another 5 banks gone today. http://www.fdic.gov/news/news/press/2009/index.html Bank Closing Information - July 31, 2009 These links contain useful information for the customers and vendors of these closed banks. Mutual Bank, Harvey IL First BankAmericano, Elizabeth, NJ Peoples...

WTF http://www.bloomberg.com/apps/news?pid=20601087&sid=aI2W7xY9Zej0 Chinese Stocks to Recover From Plunge, Fisher Says (Update1) Share | Email | Print | A A A By Catarina Saraiva and Michael Patterson July 30 (Bloomberg) -- Chinese stocks will recover from their steepest drop...

Jeez after reading this I think I will leave the US for the shit hits the fan and the dollar still has any value left. But the point is correct. The US needs to find a additional USD$2Trillion for investment in our debt this year alone......the math is that it simply doesn't exist unless...

OK maybe this is the engineer in me. Firstly the 'heat rate' is the actual measure of efficiency of heat input to power. i.e. a high efficiency combined cycle gas turbine (CCGT) has a heat rate of about 7000btu/kWH or about 49% effective efficiency. So based on the cost in mmbtu and the...

I agree $2/mmbtu is coming. Canaport (LNG) is now pushing gas south into the TGP system. TGP has issued OFO warning about excess storage and will start cutting non-firm customers from injection soon. We have a major gas glut and to top it off little electric power demand in the Northeast due to...

I'm seeing energy substitution with coal being displaced by domestic nat gas and LNG. Thermal coal is out of the money......watch out more pain to come to coal.

Looks like New York City to me:) . Manhattan is an over rated slum IMHO.

Electrical (Power Systems) Engineers are in very short supply. She would get a job tomorrow with an EE degree.

Green shoots?

This week seven banks fold. http://www.fdic.gov/news/news/press/2009/index.html July * July 2, 2009: PR-119-2009 The PrivateBank and Trust Company, Chicago, Illinois, Assumes All of the Deposits of Founders Bank, Worth, Illinois * July 2, 2009: PR-118-2009 State Bank...

Check out southern hemisphere a lot of infected folks......once swings back up here in fall look out.

Jeez that sounds like me want to buy a a new car at 0% but why pile on any more debt....only have the mortgage to worry about. Nah just keep the current car or maybe a late model used car.....

LOL at this rate FastMoney will be a blank screen by year end.

Yeah like the Roman Empire and British Empire....:)

UAW + USSA "Heil Obama" "Sieg Heil"

FED=GS.......

two words for it...holy shit.....back to the future scenario.

Government Motors (GM) has taken taxpayers money and then publically stated they will start importing Chinese (GM) manufactured vehicles by 2011. Nice work get screwed twice over.

Seems Roosevelt tried the money printing in the 1930's without success......only war pulled the US out of depression and the deflationary cycle.