Profit Margins, Down to Earth?

One of my good friends who runs a small investment boutique pointed me towards today’s chart of the day from Bloomberg showing the flight phoenix of US corporates’ profit margins.

I know that the chart is difficult to read but you only really need to look at the . . . → Read More: Profit Margins, Down to Earth?

Geithner: “Unpopular 2009 Actions Were The Right Thing To Do”

Treasury Secretary Timothy F. Geithner said credit availability is improving and companies are building up unprecedented cash reserves, signs that the U.S. economy continues on a path of increased growth.

Further the Secretary claimed on Tuesday that the government’s management of the $700 billion Troubled Asset Relief Program has yield the desire results while . . . → Read More: Geithner: “Unpopular 2009 Actions Were The Right Thing To Do”

Economic Events on June 23, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 5.9% last week as the housing market continues to show weakness since the second financial stimulus program for home sales came to a close at the end of April.

At 10:00 AM EDT, the . . . → Read More: Economic Events on June 23, 2010