Just for fun on a late Friday afternoon, here are some share prices to ponder: Citi: $1.01; market capitalization of $5.64 billion Wells Fargo: $8.61; Market cap. of $36.49 billion Bank of America: $3.17; market cap. of $20.1 billion JP Morgan Chase: $15.93; market cap of $59.86 billion Ford; $1.70; market cap. of $3.95 billion […]

The employment figures released this morning were awful. Here’s the press release from the Bureau of Labor Statistics: Employment Situation Summary Since the recession began at the end of 2007 the economy has now shed about 4.4 million jobs. There seems to be no end yet to the worsening employment outlook. The number everyone follows […]

We should all pause and note the astonishing price of Citi’s stock. Today it fell below $1.00 for the first time. Its highest point was $57.00 back on December 18 2006. That’s quite some fall. This collapse in value represents all sorts of problems, not least of which is the NY Stock Exchange rule that […]