The Sunshine Report

Veritas Financial Partners
Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Archive: Jul 2008

  1. PRIVATE STUDENT LOANS – THE LIQUIDITY CRISIS SPREADS" rel="bookmark">PRIVATE STUDENT LOANS – THE LIQUIDITY CRISIS SPREADS

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    Today the New York Times pub­lished an arti­cle titled Agency in Mass­a­chu­setts Is Stop­ping Col­lege Loans. Accord­ing to the arti­cle approx­i­mately 40,000 stu­dents that either live or attend school in Mass­a­chu­setts are just find­ing out that the Mass­a­chu­setts Edu­ca­tion Financ­ing Author­ity (“MEFA”) isn’t going to be pro­vid­ing financ­ing for tuition bills that were due in […] [read full story]

    Posted in: BANKS, Credit Crisis, Finance, New York Times, Student Loans

  2. MAIN STREET MEETS WALL STREET – THE CREDIT CRISIS SPREADS" rel="bookmark">MAIN STREET MEETS WALL STREET – THE CREDIT CRISIS SPREADS

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    Yes­ter­day the New York Times pub­lished a front page story writ­ten by the National Eco­nomic Affairs reporter Peter Good­man titled Wor­ried Banks Sharply Reduce Busi­ness Loans. Peter is a friend of mine who I believe is a truly gifted reporter. Peter wrote “Two vital forms of credit used by com­pa­nies — com­mer­cial and indus­trial loans from […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, Federal Reserve, FOX BUSINESS NETWORK, Inflation, monetary policy, Money Supply, New York Times, Peter Goodman

  3. CHRYSLER OFFICIAL GRADUATES FROM THE “BAGHDAD BOB SCHOOL OF CORPORATE COMMUNICATIONS”" rel="bookmark">CHRYSLER OFFICIAL GRADUATES FROM THE “BAGHDAD BOB SCHOOL OF CORPORATE COMMUNICATIONS”

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    Remem­ber Bagh­dad Bob, the for­mer Infor­ma­tion Min­is­ter of Iraq? Well, Jim Press, Co-President of Chrysler, appears to have grad­u­ated from the Bagh­dad Bob School of Cor­po­rate Com­mu­ni­ca­tions. On Fri­day, Press said it was good that Chrysler sud­denly sus­pended vehi­cle lease financ­ing and declared that deal­ers and cus­tomers should be happy. Press blamed the cur­rent envi­ron­ment for […] [read full story]

    Posted in: Automobile, Chrysler, Credit Crisis, Finance, Leasing, New York Times

  4. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH

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    Money Sup­ply This week’s money sup­ply num­bers which were released on July 24th show an essen­tially unchanged money sup­ply since the mid­dle of March (actu­ally M2 is down nom­i­nally since the week end­ing March 24th). In real terms, after adjust­ing for infla­tion, money sup­ply is shrink­ing. A trend which tends to be both defla­tion­ary and reces­sion­ary. […] [read full story]

    Posted in: Deflation, Durable Goods, Federal Funds Rate, Federal Reserve, FOX BUSINESS NETWORK, Inflation, monetary policy, Money Supply

  5. BANKING 101 – BACK TO THE FUTURE FOR BANK PROFITS" rel="bookmark">BANKING 101 – BACK TO THE FUTURE FOR BANK PROFITS

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    Geof­frey Rogow’s arti­cle Banks Find a Lit­tle Breath­ing Room (sub­scrip­tion required) in the July 22, 2008, Wall Street Jour­nal points out that banks are redis­cov­er­ing how to make money the old fash­ioned way, by charg­ing bor­row­ers more for loans than it costs banks to make loans. This sim­ple con­cept of how to make a “profit” […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, Federal Funds Rate, Federal Reserve, Geoffrey Rogow, monetary policy

  6. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH

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    Start­ing this week, Sun­shine Notes will have a reg­u­lar weekly report focus­ing on money sup­ply sta­tis­tics and selected eco­nomic data. The pur­pose of this blog entry will be to pro­vide data and analy­sis that is oth­er­wise under­re­ported in the main­stream media. Money sup­ply On July 17th, the Fed­eral Reserve dis­closed that M2 actu­ally declined dur­ing […] [read full story]

    Posted in: Barron's, CPI, Credit Crisis, Federal Reserve, Inflation, Money Supply

  7. PRIVATE STUDENT LOANS — THE FALL SURPRISE FOR MORE THAN 1 MILLION STUDENTS" rel="bookmark">PRIVATE STUDENT LOANS — THE FALL SURPRISE FOR MORE THAN 1 MILLION STUDENTS

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    As mil­lions of fam­i­lies know, sum­mer is col­lege “tuition time”. Unfor­tu­nately, it is esti­mated that over 1 mil­lion kids are about to encounter a rude awak­en­ing; the stu­dent lender that they are count­ing won’t be there for them. Because of the credit cri­sis and the melt­down of the cap­i­tal mar­kets, many inde­pen­dent pri­vate stu­dent lenders are […] [read full story]

    Posted in: Credit Crisis, FOX BUSINESS NETWORK, Student Loans

  8. “SUNSHINE’S FIXES” – FIVE REGULATORY FIXES THAT CAN BE ENACTED IMMEDIATELY" rel="bookmark">“SUNSHINE’S FIXES” – FIVE REGULATORY FIXES THAT CAN BE ENACTED IMMEDIATELY

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    Yes­ter­day on FOX Busi­ness Net­work I was inter­viewed by Con­nell McShane and dis­cussed the Fed­eral Reserve’s “reg­u­la­tory fixes” for the sub-prime mort­gage mar­ket. Dur­ing the inter­view, I sug­gested that the new Fed­eral Reserve reg­u­la­tions are a joke and make us a global laugh­ing stock. I stated that the “US doesn’t have a short­age of laws” […] [read full story]

    Posted in: Accounting, BANKS, Brokerage, Credit Crisis, Federal Reserve, FOX BUSINESS NETWORK, Regulatory Reform

  9. UPDATE ON FREDDIE MAC AND FANNIE MAE" rel="bookmark">UPDATE ON FREDDIE MAC AND FANNIE MAE

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    Set forth below is a great piece of research that was drafted by Len Blum, Man­ag­ing Direc­tor, West­wood Cap­i­tal. As you may know for many years I was a col­league of Len’s at West­wood. While I am biased and believe that all of Len’s work is high qual­ity, I am cer­tain that you will agree […] [read full story]

    Posted in: BANKS, Credit Crisis, Fannie Mae, Freddie Mac, GSE, Len Blum, Westwood Capital

  10. INFLATION, FED POLICY AND THE LIQUIDITY TRAP – THERE’S STILL TIME!" rel="bookmark">INFLATION, FED POLICY AND THE LIQUIDITY TRAP – THERE’S STILL TIME!

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    While many believe that Fed­eral Reserve pol­icy over the past year has been infla­tion­ary, there is clear evi­dence that money sup­ply is falling in real terms and there is a strong mon­e­tary bias to defla­tion and GDP shrink­age.  In Feb­ru­ary, 2008 I was on FOX Busi­ness Net­work and dis­cussed the impli­ca­tions of delever­ag­ing the finan­cial sys­tem […] [read full story]

    Posted in: BANKS, Credit Crisis, Deflation, Federal Reserve, FOX BUSINESS NETWORK, Great Depression, Inflation, Leverage, monetary policy, Money Supply
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