Research Zeitgeist: Eat, Sleep, Repeat
The aftermath of the government stress tests has been the hot topic of recent days, topped by Standard & Poor’s gloomy assertion that the Banking Crisis Could Go On For Another 3 or 4 years and CreditSights‘ prediction that Smaller Regional Banks May Slide into Junk Bond Status.
Meanwhile Fitch saw another shoe continuing to drop in US Credit Card Losses Will Be Meaningfully Higher in 2Q and S&P observed that Commercial Real Estate Under Stress as Refinancing Dries Up.
Moody’s added insult to injury with Global Junk Bond Default Rate to Hit 14.8% but also offered a sliver of better news for some with New Accounting Rule a Boon for Bank Bargain Hunters.
Still, the most popular recent post was the news that France leads OECD nations in Eating and Sleeping. Is there a correlation? No wonder freedom fries didn’t catch on.
The French spend more time sleeping than anyone else in OECD countries. They also devote more time to eating than anyone else and nearly double that of Americans, Canadians or Mexicans.
But did they factor in that Americans have learned how to eat and sleep at the same time?
Research Tweetgeist:
Deloitte Spending Index (tax burden, unemployment claims, wages, home prices) fell 1.46% in Apr after 1.95% rise in Mar http://bit.ly/Yfu6o
Which is the better deal: the $700 bn TARP or the TRAP (Treasury Relief Art Project) 10,000+ works of art for $873,784? http://bit.ly/KbGWf
MIT US commercial real estate index for Q1 down 5.8% from Q4, placing the index 26.4% below its 2007Q2 peak. http://bit.ly/HRhHf
Weekend listening while contemplating the stress tests: The Fix Is In, by Elbow. http://bit.ly/4mEEm
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