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Posts Tagged ‘how long can you tread water’

BofA Shareholders, ‘How Long Can You Tread Water?’

Posted by Larry Doyle on June 13th, 2011 9:03 AM |

What did the Lord say to Noah?

The same thing that Bank of America CEO Brian Moynihan might now be saying to his shareholders. That is, ‘how long can you tread water?’

Bank of America’s stock is down approximately 25% on the year and close to 35% over the last twelve months. While it has doubled from the Armageddon lows seen in 2008, the stock has fully retraced any moves higher since early 2009. ¬† (The graph of Bank of America below is sourced from Market Watch and covers the last three years).

What gives? Will Bank of America need to raise more capital? Will it need another lifeline from Uncle Sam?

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Brother, Can You Spare a Dime?

Posted by Larry Doyle on May 3rd, 2011 9:17 AM |

As we inch our way along the economic landscape we witness more comparisons to the economic malaise of The Great Depression. I take no pleasure in writing on these topics and of these comparisons but they are a simple and regrettably a largely unspoken reality.

You do not need to read Sense on Cents to be aware that our wages and incomes are not keeping pace with the cost of living. You do need to read economic blogs, though, because the reality of our income situation and the impact on real consumer spending habits is often left untouched by major media outlets.

Although Ben Bernanke would define the current inflationary and economic trends as transitory, perhaps he should try to explain that to the couple that is struggling to keep their head above water. Where do we see growing evidence of these struggles. Let’s dive inside The 9 Places Where Inflation Is Crushing Us to learn the following startling statistic…, (more…)






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