Month January 2009

Financial stocks decapitated

The chart is in descending order by %Chg. Note that these are one day changes in price. State Street announced a 71% drop in quarterly income and got decimated. Bank of America and Citigroup are both on life support and…

Thoughts on the inauguration from blogs

Colin McEnroe I don’t know about you, but I feel like I’m getting my country back in the space of 15 minutes. I feel like my patriotism suddenly has some soil in which to take root. TPM reader Lowery was…

It’s a new dawn, it’s a new day

Socialist Unity The electors of America put in George W Bush’s place someone promising greater social justice, more compassion, more intelligence and less war. There is great expectation that the corner has been turned. Everyone in America who wants greater…