She is one of the few bank analysts, which had sell ratings on all of the banks before they declined significantly in 2008.  Her argument is that banks are ill prepared for an unemployment rate of 10%. 
“No bank underwrote a loan with 10 percent unemployment on the horizon,” Whitney said. “I think there is no [...]

 
Several retail stores reported their monthly same store sales results as compared to June of 2008 this morning.  All were down significantly and only one reported a decline, which was better than what analysts had been forecasting.
 
That Costco was the only one to beat expectations is very telling because the company is known for [...]

  
The major indices including the Dow 30 Industrials and the S&P 500 have likely seen their highs for the year since a viable economic recovery is currently not on the horizon.  The biggest reason why is because of the damage that has been done to the psyche of the consumer who has bailed the economy [...]

The stress test for the 19 largest financial companies is underway by the U.S. Treasury and it is creating significant stress for their management teams and shareholders.  The motivation for and outcome of the stress tests are questionable.  The argument has been made that if some of the financial institutions do not fail the Obama [...]