tag:blogger.com,1999:blog-14960989601893816572024-02-20T22:51:42.491-08:00Wuerth While Wily WakeningsUnknownnoreply@blogger.comBlogger5761125tag:blogger.com,1999:blog-1496098960189381657.post-8144518636788091572023-10-25T15:55:00.010-07:002023-10-25T16:14:24.644-07:00The 10 Largest US Credit Unions Posted Total Smoothed Net Income of $4,391 Mil in Annual 2022. But Not Included in 2022 Net Income Was Their Estimated Total Economic Losses of a Massive $8,760 Mil From the Annual 2022 Decline in the Fair Market Value of Their Available-For-Sale Debt Investment Securities. In Addition, Also Not Included in 2022 Net Income Was Their Estimated Total Economic Losses of $1,193 Mil From the Annual 2022 Decline in the Fair Market Value of Their Held-to-Maturity Debt Investment Securities.<p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">From iBanknet, the table below shows the Audited Smoothed Net Income in annual 2022 and also the huge Estimated Economic Losses from the annual 2022 decline in the Fair Market Values of both their Available-For-Sale and their H</span><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">eld-to-Maturity Debt Investment Securities of each of the 10 largest in Total Assets US Credit Unions.</span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhbV4Lgnz-HnZ-0XNdoj24M0dEZDf02XiOIStdF4mPrS1r9LZjOaIrPn4CcL77dQQlu2NlxFYO-PIMPdJsV4-2yOcxaTTgI9NfS9iEjzmwd0ruSNOaji4Ns2KyzrRdLjuwHGKzXhGA6MCHEhB5G4si8gVh2C4yb8qwrpLcXTH4MzQkTiq3N4ayPCKD3_2A" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="621" data-original-width="680" src="https://blogger.googleusercontent.com/img/a/AVvXsEhbV4Lgnz-HnZ-0XNdoj24M0dEZDf02XiOIStdF4mPrS1r9LZjOaIrPn4CcL77dQQlu2NlxFYO-PIMPdJsV4-2yOcxaTTgI9NfS9iEjzmwd0ruSNOaji4Ns2KyzrRdLjuwHGKzXhGA6MCHEhB5G4si8gVh2C4yb8qwrpLcXTH4MzQkTiq3N4ayPCKD3_2A=s16000" /></a></span></div><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /><br /></span><p></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /></span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /></span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /></span></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-63566102100334256092023-10-25T08:40:00.003-07:002023-10-25T08:57:49.791-07:00The Big Four US Banks Posted Total Smoothed Net Income of $92.9 Bil in Annual 2022. But Not Included in 2022 Net Income Was Their After-Tax Economic Losses of $33.7 Bil From the Annual 2022 Decline in the Fair Market Value of Their Available-For-Sale Debt Investment Securities. But Much More Importantly, Also Not Included in 2022 Net Income Was Their Pre-tax Economic Losses of a Massive $201.7 Bil From the Annual 2022 Decline in the Fair Market Value of Their Held-to-Maturity Debt Investment Securities.<p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">From their SEC filings, the table below shows the Audited Smoothed Net Income in annual 2022 and also their huge Economic Losses from the annual 2022 decline in the Fair Market Values of both their Available-For-Sale and their H</span><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">eld-to-Maturity Debt Investment Securities of each of what are considered to be the Big Four US Banks ..... JPMorgan Chase, Bank of America, Wells Fargo and Citigroup.</span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg52XOvgtQQUX2FI_E0dfkuHt9dWTgsqc2CV2o8RTX8WmPSRwbaGE8ynBtewm__xzJ1Pvg3xHvkNGx5-OIfY1AMy6YFSTZqYOV4367w1KxU6TExx1Zm4yCNhDsoV5S9Vd080olg47NrGEbK4fTOjysrMsQE66K5dP0J65Lu10Ip26v2DUxptxaBXq0b8D0" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="441" data-original-width="595" src="https://blogger.googleusercontent.com/img/a/AVvXsEg52XOvgtQQUX2FI_E0dfkuHt9dWTgsqc2CV2o8RTX8WmPSRwbaGE8ynBtewm__xzJ1Pvg3xHvkNGx5-OIfY1AMy6YFSTZqYOV4367w1KxU6TExx1Zm4yCNhDsoV5S9Vd080olg47NrGEbK4fTOjysrMsQE66K5dP0J65Lu10Ip26v2DUxptxaBXq0b8D0=s16000" /></a></span></div><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /><br /></span><p></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /></span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><br /></span></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-23271051789163190422023-10-24T08:12:00.008-07:002023-10-24T13:48:23.669-07:00The 96 US Banks, Excluding the Big Four Banks, With Stock Market Caps Above $1 Bil Posted Total US GAAP Net Income of $79.865 Bil in Annual 2022, Up 1876% From Such Income of $4.042 Bil in the US Financial Meltdown Year of 2008. But These Same 96 US Banks Reported Total Bottom Line Economic Losses of $40.458 Bil in Annual 2022, 239% Worse Than Such Losses of $11.947 Bil in 2008. Why Such an Incredible Divergence? Well, Predominately It Was That In Annual 2022, These 96 Banks Reported a Massive $120 Bil of Economic Losses Which Bypassed US GAAP Net Losses and Instead Were Buried in Annual 2022 Other Comprehensive Losses. These $120 Bil of Economic Losses Resulted From the Annual 2022 Decline in the Market Value of Their Available-For-Sale Debt Investment Securities, Due Predominately to the US Fed's Spastic Interest Rate Increases.<p><span style="color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">T</span><span style="color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">he 96 publicly-held US Banks with Stock Market Caps above $1 Bil and that disclosed its Financial Statements in both annual 2022 and in annual 2008 in its SEC filings reported Total Economic Losses of $11.947 Bil in annual 2008, the worst year for earnings for US Banks during the horrific 2008-2009 US Financial Meltdown.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">So what happened in annual 2022?</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">Well, unfortunately these 96 US Banks posted Total Economic Losses of $40.458 Bil, predominately due to the US Fed's spastic interest rate actions which caused US Banks' Heavy Investments in Debt Securities to decline precipitously in value by $120 Bil just for their Available-For-Sale Debt Investment Securities in annual 2022.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;"><span style="font-size: 15.4px;">In addition, 29 of these 96 </span><span style="font-size: 15.4px;">Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $30.6 Bil at December 31, 2022 related to their Held-to-Maturity Debt Investment Securities.</span></span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">From SEC filings, the table below shows this financial information for each of these 96 publicly-held US Banks.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEh_1WjtlLrroY66Y2zL-zyUNaVbNEvIjJgNtzPa81yjWF72AIGw64tSj53bRPaRj_Ab4e1erXn9iPgtBPxT5wnST34A_gbUvDzm__IT1RzEq4tk4W803MhKXPeqi6eCbgrqS4yQexpt0BRa_L8HeF5F4GiA4FlIw4QUOWzYcWfFvJ2f1ZwKcNJ5Rj60dNk" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="2361" data-original-width="779" src="https://blogger.googleusercontent.com/img/a/AVvXsEh_1WjtlLrroY66Y2zL-zyUNaVbNEvIjJgNtzPa81yjWF72AIGw64tSj53bRPaRj_Ab4e1erXn9iPgtBPxT5wnST34A_gbUvDzm__IT1RzEq4tk4W803MhKXPeqi6eCbgrqS4yQexpt0BRa_L8HeF5F4GiA4FlIw4QUOWzYcWfFvJ2f1ZwKcNJ5Rj60dNk=s16000" /></a></div><br /><br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-77467300922586738182023-10-23T12:36:00.016-07:002023-10-24T05:45:48.823-07:00The 34 Smaller US Banks With Stock Market Caps Between $1 Bil and $2 Bil Posted Total Bottom Line Economic Losses of $235 Mil in the US Financial Meltdown Year of 2008. But in Annual 2022, These Same 34 Banks Posted Total Economic Losses of $1.778 Bil, an Incredible 657% Decline From That in Annual 2008. On the Other Hand, These 34 US Banks Posted Total US GAAP Net Income in Annual 2022 That Increased By an Off-the-Charts 4,192% From That in Annual 2008. Why Such an Incredible Divergence? Well, In Annual 2022, These 34 Banks Reported $7.1 Bil of Economic Losses Which Bypassed US GAAP Net Income and Instead Were Buried in 2022 Other Comprehensive Losses. These $7.1 Bil of Economic Losses Resulted From the Annual 2022 Decline in the Market Value of Their Available-For-Sale Debt Investment Securities, Due Predominately to the US Fed's Spastic Interest Rate Increases. <p><span style="color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">T</span><span style="color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">he 34 smaller US Banks with Stock Market Caps between $1 Bil and $2 Bil and that disclosed its Financial Statements in both annual 2022 and in annual 2008 in its SEC filings reported Total Economic Losses of $235 Mil in annual 2008, the worst year for earnings for US Banks during the horrific 2008-2009 US Financial Meltdown.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">So what happened in annual 2022?</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">Well, unfortunately these 34 smaller US Banks posted Total Economic Losses of $1.778 Bil, predominately due to the US Fed's spastic interest rate actions which caused US Banks' Heavy Investments in Debt Securities to decline precipitously in value in annual 2022.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">In addition, 7 of these 34 </span><span style="font-size: 15.4px;">Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $1.758 Bil at December 31, 2022 related to their Held-to-Maturity Debt Investment Securities.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">From SEC filings, the table below shows this financial information for each of these 34 smaller US Banks.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 15.4px;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi_LTX-4yURNCEIS6-soHd1SViFDVAGJNF0yGjCGwZNzJu4vCCTin-JkdvRbxLJrUSppzMeAfPTQDr93yFFC9yTtWhv5r1o40tr6phWhWHztXLl45nrD1YACqsfK4JB0kwXGthxFjiWC4OlY3Hc6kKwi8redY-m5iSnwq_1FJZkN4W670zPmHkP7lQGqYE" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="1121" data-original-width="772" src="https://blogger.googleusercontent.com/img/a/AVvXsEi_LTX-4yURNCEIS6-soHd1SViFDVAGJNF0yGjCGwZNzJu4vCCTin-JkdvRbxLJrUSppzMeAfPTQDr93yFFC9yTtWhv5r1o40tr6phWhWHztXLl45nrD1YACqsfK4JB0kwXGthxFjiWC4OlY3Hc6kKwi8redY-m5iSnwq_1FJZkN4W670zPmHkP7lQGqYE=s16000" /></a></span></div><span style="font-size: 15.4px;"><br /><br /></span><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-35643793640809775522023-10-20T09:11:00.003-07:002023-10-20T11:04:42.723-07:00The 37 US and Puerto Rico Banks With Stock Market Caps Between $2 and $5 Bil Posted Total Bottom Line Economic Income of $303 Mil in the US Financial Meltdown Year of 2008. But in Annual 2022, These Same 37 Banks Posted Total Economic Losses of $3.026 Bil, an Incredible 1,099% Decline From That in Annual 2008.<p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">T</span><span style="color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">he 37 US and Puerto Rico Banks with Stock Market Caps between $2 and $5 Bil and that disclosed Financial Statements in both 2022 and in 2008 reported Total Economic Income of $303 Mil in annual 2008, by far the worst year for earnings for US Banks during the 2008-2009 horrific US Financial Meltdown.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">So what happened in annual 2022?</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">Well, unfortunately these 37 US and Puerto Rico Banks posted Total Economic Losses of $3.026 Bil, predominately due to the US Fed's spastic interest rate actions which caused US Banks' Heavy Investments in Debt Securities to decline precipitously in value in annual 2022.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">In addition, 14 of these 37 </span><span style="font-size: 15.4px;">Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $6.687 Bil at December 31, 2022 related to their Held-to-Maturity Debt Investment Securities.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">From SEC filings, the table below shows this financial information for each of these 37 smaller US and Puerto Rico Banks.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 15.4px;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgASC8P11YQg3WtEUwbWAX788PN3rEVgYslxxHaJxN0oVYU8iFKwKvjjK2_VnGgN6w4geejzI8a0kZXQMpd_xF-bKuAsXGTKfLJ-ulIbizZAQZ-UGgqprYV2WoSXLIF5ze76-4Pb_MXpMERehLOj9fKVRdWTV6ZotFqNcrtxgBfO-gOpx1tbkMIyNLAsH4" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="1141" data-original-width="779" src="https://blogger.googleusercontent.com/img/a/AVvXsEgASC8P11YQg3WtEUwbWAX788PN3rEVgYslxxHaJxN0oVYU8iFKwKvjjK2_VnGgN6w4geejzI8a0kZXQMpd_xF-bKuAsXGTKfLJ-ulIbizZAQZ-UGgqprYV2WoSXLIF5ze76-4Pb_MXpMERehLOj9fKVRdWTV6ZotFqNcrtxgBfO-gOpx1tbkMIyNLAsH4=s16000" /></a></span></div><span style="font-size: 15.4px;"><br /><br /></span><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-53629969209467283972023-10-17T07:08:00.008-07:002023-10-21T09:34:50.851-07:00The 12 US Banks With Stock Market Caps Between $5 and $10 Bil Posted Total Bottom Line Economic Income of $290 Mil in the US Financial Meltdown Year of 2008. But in Annual 2022, These Same 12 US Banks Posted Total Economic Losses of $8.824 Bil, a Staggering 3,143% Decline From That in Annual 2008.<p>T<span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">he 12 US Mid-Sized Banks with Stock Market Caps between $5 and $10 Bil had Total Economic Income of $290 Mil in annual 2008, by far the worst year for earnings for US Banks during the 2008-2009 horrific US Financial Meltdown.</span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">So what happened in annual 2022?</span></p><p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">Well, unfortunately these 12 US Banks posted Total Economic Losses of $8.824 Bil, predominately due to the US Fed's spastic interest rate actions which caused US Banks' Heavy Investments in Debt Securities to decline precipitously in value in annual 2022.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;">From SEC filings, the table below shows this financial information for each of these 12 mid-sized US Banks.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"><span style="font-size: 15.4px;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 15.4px;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjW-F1A8wJS011rJu8oJHOSjoTQMuiKoPcbcIyDwZ5wAA5FJCeMqLYY2fLC4s5-a31IHCpT_1WQczZawiKji5R7rirEI0q6V4GKslwEqYHyc4_eBJEKejQS4KJ7r5RvjkQS5SdZD5Wy3sqnB7CCMuKe-kiEsM3fO0_3n4RVUFXa1iiaZ4MHPylx7zsoGdE" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="661" data-original-width="786" src="https://blogger.googleusercontent.com/img/a/AVvXsEjW-F1A8wJS011rJu8oJHOSjoTQMuiKoPcbcIyDwZ5wAA5FJCeMqLYY2fLC4s5-a31IHCpT_1WQczZawiKji5R7rirEI0q6V4GKslwEqYHyc4_eBJEKejQS4KJ7r5RvjkQS5SdZD5Wy3sqnB7CCMuKe-kiEsM3fO0_3n4RVUFXa1iiaZ4MHPylx7zsoGdE=s16000" /></a></span></div><span style="font-size: 15.4px;"><br /><br /></span><p></p><br /><br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-45043032956361597992023-10-15T16:37:00.016-07:002023-10-16T11:27:20.472-07:00Isolating Out the Big Four US Banks, the Other 13 US Banks With Stock Market Caps Above $10 Bil posted Total Bottom Line Economic Losses of $12.3 Bil in the US Meltdown Year of 2008, But Guess What? These Total Economic Losses More Than Doubled to $26.8 Bil in Annual 2022.<p><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">Excluding the Big Four US Banks (JPMorgan Chase, Bank of America, Wells Fargo and Citigroup), the other 13 US Banks with Stock Market Caps above $10 Bil and that reported both annual 2022 and annual 2008 financial statements with the SEC incredibly saw their Total Economic Losses more than double, going from annual 2008's $12.305 Bil, the worst year for US Financial Companies during the horrific 2008-2009 US Financial Meltdown, to the US Fed-driven annual 2022's $26.830 Bil Total Economic Losses.</span></p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">In addition, 6 of these 13 US Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $20.5 Bil at December 31, 2022 related to their Held-to-Maturity Debt Investment Securities.</p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;">From SEC filings, the table below shows this financial information for each of these 13 large US Banks.</p><p style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjq9X-lopz9dE17wcM6CYxrWS45fsykZKRLctyXSTPfCUbOsuRS_k146t1FrWYtEbiYDLDmrB0FOCu25WWedcbPUcsnXZoRUdFPkdPT6bV1Um6FirNCHUI5Nk5-lCRN8pvwmAwkbCSQi6eEdjJ0EZX8H_4EZ212EM5ZNTWcgixSD3-KOZalHHCKC-OBgq0" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="621" data-original-width="772" src="https://blogger.googleusercontent.com/img/a/AVvXsEjq9X-lopz9dE17wcM6CYxrWS45fsykZKRLctyXSTPfCUbOsuRS_k146t1FrWYtEbiYDLDmrB0FOCu25WWedcbPUcsnXZoRUdFPkdPT6bV1Um6FirNCHUI5Nk5-lCRN8pvwmAwkbCSQi6eEdjJ0EZX8H_4EZ212EM5ZNTWcgixSD3-KOZalHHCKC-OBgq0=s16000" /></a></div><br /><br /><p></p><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><br /><br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-67612925237107997352023-10-13T09:05:00.003-07:002023-10-13T09:08:48.973-07:00PNC Financial Services Group's Annual 2022 Bottom-Line Net Economic Losses Were $1.640 Bil, $1,023 Better Than Its Annual 2008 Such Economic Losses of $2.663 Bil. <p> </p><div class="xdj266r x11i5rnm xat24cr x1mh8g0r x1vvkbs x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">The second largest US Regional Bank in current stock market capitalization now is Pittsburgh, PA-based PNC Financial Services Group.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">From US SEC filings, PNC Financial reported blowout audited Smoothed Net Income of $6.113 mil in annual 2022, which was an increase of a massive $5.317 mil or 7.7 times the $796 mil in annual 2008, which was by far the worst year for the earnings of US Financial Companies during the horrific 2008-2009 US Financial Meltdown.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">But to arrive at <span style="font-family: inherit;"><a style="color: #385898; cursor: pointer; font-family: inherit;" tabindex="-1"></a></span>Bottom-Line Real After-Tax Economic Income or Losses for these two years, you must also include the Economic Losses arising in both years from the decline in value of the massive amount of the Available-For-Sale Debt Securities these US Regional Banks held.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">It gets a bit tricky to determine these Economic Losses in 2022 and especially so in 2008, but it can be done because they are disclosed in footnotes to their SEC-filed financial statements.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">PNC Financial reported arising Economic Losses of $7,753 mil from the decline in the value of their massive Debt Investments portfolio in annual 2022 as compared to much lower arising Economic Losses of $3,459 mil in annual 2008.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Thus, PNC Financial had Bottom-Line Real After-Tax Economic Losses of $1,640 mil in annual 2022 versus such Economic Losses of $2,663 mil in annual 2008.</div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-69140148746658353922023-10-13T08:26:00.002-07:002023-10-13T08:27:13.707-07:00U. S. Bancorp's Annual 2022 Bottom-Line Net Economic Losses Were $4.078 Bil, $6.030 Worse Than Its Annual 2008 Economic Income of $1.952 Bil.<p><span style="background-color: white; color: #050505; font-family: inherit; font-size: 15px; white-space-collapse: preserve;">Next I will address a comparison of the Bottom-Line After-Tax Net Economic Income or Losses in annual 2022 to that in annual 2008 for the publicly-held US Regional Banks.</span></p><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">There are different views on which are the US Regional Banks. I decided to take the Yahoo Finance's broad perspective here.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">The largest US Regional Bank in current stock market capitalization now is Minneapolis, Minnesota-based <span style="font-family: inherit;"><a style="color: #385898; cursor: pointer; font-family: inherit;" tabindex="-1"></a></span>U. S. Bancorp.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">From US SEC filings, U. S. Bancorp reported audited Smoothed Net Income of $5,838 mil in annual 2022 and of $3,012 mil in annual 2008, by far the worst year for the earnings of US Financial Companies during the horrific 2008-2009 US Financial Meltdown.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">But to arrive at Bottom-Line Real After-Tax Economic Income or Losses for these two years, you must also include the Economic Losses arising in both years from the decline in value of the massive amount of the Available-For-Sale Debt Securities these US Regional Banks held.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">It gets a bit tricky to determine these Economic Losses in 2022 and especially so in 2008, but it can be done because they are disclosed in footnotes to their SEC-filed financial statements.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">U.S. Bancorp reported arising Economic Losses from the decline in the value of their massive Debt Investments portfolio of $9,916 mil in annual 2022 and of $1,060 mil in annual 2008.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Thus, U.S. Bancorp had Bottom-Line Real After-Tax Economic Losses of $4,078 in annual 2022 versus an Economic Income of $1,952 in annual 2008. </div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Yeah, US Bancorp's Bottom-Line Real After-Tax Economic Losses in annual 2022 was an astonishing $6 Bil worse than that in 2008.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">I guess the 2008 George Bush Administration is looking a bit better to U. S. Bancorp than the 2022 Biden Administration and his US Fed.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">So in plain language, why is there this massive $9.916 Bill Economic Loss arising in annual 2022?</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Well, this Bank had a massive amount of its money received from bank depositors which was invested in Debt Investment Securities and the value of these Securities flat-out plummeted in annual 2022.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Just to give you a perspective, US Government Bonds Declined in Value By Nearly 25% From the Summer of 2020 To Early in the Past Week.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">This 25% Decline was by far the steepest decline in US history.</div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-80241691291064324822023-10-13T08:19:00.000-07:002023-10-13T08:19:08.180-07:00PepsiCo's Very High Price Increases Continue in the Third Quarter of 2023 <p><span style="background-color: white; color: #050505; font-family: inherit; font-size: 15px; white-space-collapse: preserve;">PepsiCo just announced its Third Quarter 2023 Worldwide Pretax Income, which increased by 22% from the third quarter 2022.</span></p><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">The problem with this is that it's all due to its Worldwide Price Increases of an amazing 11% in the third quarter 2023.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">In North America Frito-Lay, its Price Increases were 8% and in North America PepsiCo Beverages, its Price Increases were 12%, both in the third quarter 2023.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;"><span style="font-family: inherit;"><a style="color: #385898; cursor: pointer; font-family: inherit;" tabindex="-1"></a></span>Corporate CEOs and Business Owners determine their Companies' Pricing Increases and thus also determine overall US and Worldwide Inflation.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">There was a substantial transfer of financial wealth in the third quarter 2023, just like there was in each of the previous 10 quarters, from US and Worldwide consumers to PepsiCo's bottom-line earnings.</div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-18151246285821474192023-10-13T06:02:00.001-07:002023-10-13T06:20:53.329-07:00US Government Bonds Declined In Value By Nearly 25% From the Summer of 2020 To Early in the Past Week<p> <span style="background-color: white; color: #050505; font-family: inherit; font-size: 15px; white-space-collapse: preserve;">US Government Bonds have now declined in value by nearly 25% since the summer of 2020 ..... their steepest decline in US history.</span></p><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Who is primarily responsible for this?</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">It's clearly the US Fed under the leadership of US Fed Chair Jerome Powell.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">And <span style="font-family: inherit;"><a style="color: #385898; cursor: pointer; font-family: inherit;" tabindex="-1"></a></span>it's also the two US Presidents who appointed Jerome Powell as US Fed Chair: Donald Trump and Joe Biden.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">And it's also the more than 80% of the US Senate who confirmed Jerome Powell as US Fed Chair both times he was appointed.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">The two US political parties have already effectively coronated both Trump and Biden as their US Presidential nominee for 2024.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">And close to 70% of the American people have said that they do not want either Trump or Biden to run for US President in 2024.</div></div><div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a" style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px; margin: 0.5em 0px 0px; overflow-wrap: break-word; white-space-collapse: preserve;"><div dir="auto" style="font-family: inherit;">Given that, is the US now really a Democracy?</div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-22367632424917137762023-03-27T09:40:00.008-07:002023-03-29T05:17:04.286-07:00The 14 TIAA-CREF Funds Reported a Total Audited Decrease in Net Assets From Operations of $10.3 Bil For the Fiscal Year Ended October 2022<p><span style="font-size: large;">From an N-CSR filing <a href="https://www.sec.gov/Archives/edgar/data/1084380/000119312522314537/d424468dncsr.htm">TIAA-CREF-FUNDS</a> with the US Security & Exchange Commission, the below table shows the key operating results measure ..... The Net Decrease in Net Assets From Operations ..... for the most recent fiscal year ended October 2022 for each of the 14 Teachers Insurance and Annuity Association of America Funds (TIAA-CREF Funds).</span></p><p><span style="font-size: large;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiHmwmFaRVG64IEkJGmkBnpt9yGfJ5Khpu0sd51ZGxXPbEUIZIknJCOVPececdw5PYWE8rusSCO8V8rSIT2rcSziaCXvPn8Y7woXAd1hJ7V2-ik1RxSGRSv5yjFFpanLVVdhQ9e8eT_GkesGXKfjthI-17v1CuF_y1IZByAZc40bJASYap5s-i_6zON" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="401" data-original-width="571" src="https://blogger.googleusercontent.com/img/a/AVvXsEiHmwmFaRVG64IEkJGmkBnpt9yGfJ5Khpu0sd51ZGxXPbEUIZIknJCOVPececdw5PYWE8rusSCO8V8rSIT2rcSziaCXvPn8Y7woXAd1hJ7V2-ik1RxSGRSv5yjFFpanLVVdhQ9e8eT_GkesGXKfjthI-17v1CuF_y1IZByAZc40bJASYap5s-i_6zON=s16000" /></a></span></div><span style="font-size: large;"><br /><br /></span><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-21695983382538383472023-03-20T11:01:00.018-07:002023-04-05T09:38:03.375-07:00How Even US Accounting Principles Contribute to the Current US Banking Crisis<p><span style="font-size: large;">Many years ago, the US Financial Accounting Standards Board (FASB) properly decided that many financial assets should be valued on the balance sheet at fair value. </span></p><p><span style="font-size: large;">This infuriated many financial institutions including Banks but also many non-financial institutions because they would all no longer be able to manage their quarterly reported earnings and instead report their quarterly earnings which are more aligned with real economic earnings.</span></p><p><span style="font-size: large;">Unfortunately, the FASB knuckled under to this intense pressure by lobbyists for the financial institutions and a compromise was made that resulted in Investment Securities being divided into three categories.</span></p><p><span style="font-size: large;">First, Trading Investment Securities would be valued at fair value and any changes in their Unrealized Holding Gains and Losses would be recognized in the quarter when the Change in the Unrealized Holding Gains and Losses occurred.</span></p><p><span style="font-size: large;">Second, Investment Debt Securities Planned to be Held to Maturity would not be valued at fair value but instead go on the balance sheet at Cost or at Amortized Cost. Thus, there wouldn't be any quarterly Unrealized Holding Gains and Losses recorded.</span></p><p><span style="font-size: large;">And third, all other Investment Securities where fair values are available would be categorized as Available-For-Sale (AFS) Investment Securities and valued on the Balance Sheet at fair value. But the compromised very questionable and very strange twist was that any quarterly Change in the Unrealized Holding Real Economic Gains and Losses would not be reflected in the regular income statement but instead would be reflected in Other Comprehensive Income which unfortunately almost all financial analysts and even Company Board of Directors ignore.</span></p><p><span style="font-size: large;">The FASB was wrong when it just assumed financial investors would give the elements of Other Comprehensive Income their due real economic income respect.</span></p><p><span style="font-size: large;">Case in point ..... the fairly large SVB Financial Group that just recently filed for bankruptcy.</span></p><p><span style="font-size: large;">From its Investment Securities Footnote related to its December 2022 10-K filed with the US SEC, SVB Financial Group had Unrealized Holding Losses of $2.533 Bil related mostly to its US Treasury Securities and its Residential Mortgage-Backed Securities investment holdings. </span></p><p><span style="font-size: large;">To show how significant that $2.533 Bil Unrealized Holding Loss is to SVB Financial Group, its Regular Pretax Income in annual 2022 was a lower $2.172 Bil.</span></p><p><span style="font-size: large;">Also, at Dec 31, 2021, these Unrealized Holding Losses were only $313 Mil. </span></p><p><span style="font-size: large;">Clearly, US Fed Chair Jerome Powell's decision to substantially increase US Short-Term Interest Rates so rapidly and by so much was the predominant catalyst for US Banks substantial increase in their real Unrealized Economic Holding Losses of their AFS Investment Securities, which triggered the current US Banking Crisis.</span></p><p><span style="font-size: large;">SVB Financial Group's Loss Risks on its Available For Sale Investment Securities at Dec 31, 2022 were properly under US GAAP reported in Other Comprehensive Income and also disclosed in its footnotes.</span></p><p><span style="font-size: large;">But what good is that if financial analysts pretty much ignore each of these disclosures?</span></p><p><span style="font-size: large;">And the US Security and Exchange Commission does not require the key real Unrealized Economic Holding Gains and Losses amount be disclosed very prominently in Company Quarterly Earnings Releases. And when it is disclosed, it is buried in a very obscure place in the very lengthy Bank Quarterly Earnings Release.</span></p><p><span style="font-size: large;">Then shortly after 2022 year end, on March 8, 2023, SVB disclosed in another SEC filing that it was selling $21 bil of its Available-For-Sale Investment Securities with a 1.79% Interest Yield and a 3.6 Year Duration and that the resultant Realized After-Tax Loss was estimated at $1.8 Bil and it would be reflected in its First Quarter Regular 2023 Earnings.</span></p><p><span style="font-size: large;">Then the shit hit the fan and many cash depositors quickly withdrew their cash from SVB Financial Banks to the extent that they could.</span></p><p><span style="font-size: large;">Economically, these Unrealized Holding Losses occurred prior to December 31, 2022 but because they were included in Other Comprehensive Income rather than in Regular 2022 Earnings, the financial analysts short-sightedly weren't concerned much about it.</span></p><p><span style="font-size: large;">But shortly after December 31, 2022 when the Unrealized Losses were realized and thus be required to be recorded in First Quarter 2023 Regular Earnings, the start of the current banking crisis occurred and now a lot of people are investigating how much each US bank and even some non-financial companies have in real Unrealized Economic Holding Losses at December 31, 2022 and whether they are being wisely hedged and also trying to find out how much additional real Unrealized Economic Holding Losses each US Bank has so far in the First Quarter of 2023.</span></p><p><span style="font-size: large;">So it's not just the Bank Board of Directors, the Bank CEOs, the Bank CFOs, the Bank Company Risk Managers, the Financial Analysts of Banks, the US Government Bank Regulators, the US SEC, the US Senators, the US House Banking Committee Members and clearly most of all the US Fed Chair Jerome Powell who are all the predominant causes of this current Banking Crisis by acting incompetently. </span></p><p><span style="font-size: large;">But it's also the US FASB for not doing what was and is right ..... making financial disclosure useful to investors. </span></p><p><span style="font-size: large;">To Report Income-Smoothed Quarterly Earnings as being anything close to real Quarterly Economic Earnings breaks the back of successful US Capitalism.</span></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-10389211442829785072023-02-28T11:34:00.009-08:002023-03-01T10:38:04.803-08:00The 50 Largest US Non-Dow 30 Industrials Cos Suffered an Extremely Sharp Downturn in Their Total US GAAP Quarterly Earnings From the Previous Year's Quarter That Started in the Second Quarter of 2022 (Down By a Massive 44%), Then Somewhat Improved But Still Down in the Third Quarter of 2022 (To Down By 15%), and Then Again Exploded Substantially Down in the Fourth Quarter of 2022 (To Down By 41%). <p> </p><h3 class="post-title entry-title" itemprop="name" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 24px; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal; margin: 0.75em 0px 0px; position: relative;">The 48 Largest US Non-Dow 30 Industrials Cos Which Were Not Oil & Gas Cos Suffered an Even More Severe Downturn in Their Total US GAAP Quarterly Earnings From the Previous Year's Quarter That Started in the Second Quarter of 2022 (Down By a Massive 56%), That Continued in the Third Quarter of 2022 (To Down By 27%), and Then Again Plummeted in the Fourth Quarter of 2022 (To Down By 46%).</h3><div><br /></div><div><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif;"><span style="font-size: large;">From Companies 10-Qs and earnings releases filed with the US SEC, the table below shows the Gold-Standard US GAAP Earnings (Losses) From Continuing Operations for each of the 48 largest by very recent stock market capitalization US Non-Dow 30 Industrials Companies which were not Oil & Gas Companies for the fourth, third and second quarters of both 2022 and 2021.</span></span></div><div><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif;"><span style="font-size: large;"><br /></span></span></div><div><span style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif;"><span style="font-size: large;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgM2vROrB92OROjcc4bBC0P1bMzzadgp1eg3OhTN1zucwA4L_iuKDNu-PVCeU8a01u9OqxMSAzJL_hu8QykQuWpnlAdAjgY7SEusUgEyZtP4LwUieVD71JytAN3KU3lhqZYaBi2pahgqNH87wx02EkP6Kjnw0ku5R47o5JvGEOYVAVOAWf8XkpooBVv" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="1401" data-original-width="654" src="https://blogger.googleusercontent.com/img/a/AVvXsEgM2vROrB92OROjcc4bBC0P1bMzzadgp1eg3OhTN1zucwA4L_iuKDNu-PVCeU8a01u9OqxMSAzJL_hu8QykQuWpnlAdAjgY7SEusUgEyZtP4LwUieVD71JytAN3KU3lhqZYaBi2pahgqNH87wx02EkP6Kjnw0ku5R47o5JvGEOYVAVOAWf8XkpooBVv=s16000" /></a></div><br /><br /></span></span></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-32910575335911385662023-02-21T07:39:00.012-08:002023-02-21T15:00:53.792-08:00The 50 Largest US Non-Dow 30 Industrials Cos Suffered a Sharp Downturn in Their Total Earnings From the Previous Year Period That Started in the Third Quarter of 2022 (Down By 17%) and Then Exploded Substantially Further Down in the Fourth Quarter of 2022 (Down By 37%). The Giant Berkshire Hathaway Hasn't Reported Its 4Q 2022 Earnings Yet, But When It Does This Weekend, That 37% Total Earnings Decline Should Probably Decline By More Given Apple's Outstanding Stock Market Price Performance in the 4Q of 2021 vs Its Down Performance in the 4Q 2022. Clearly, These 50 US Companies 4Q 2022 Total Earnings Disaster Should Be Put in the Earnings Depression Category Rather Than in the Earnings Recession Category.<p><span style="font-size: large;">From Companies 10-Qs and earnings releases filed with the US SEC, the table below shows the Gold-Standard US GAAP Earnings (Losses) From Continuing Operations for each of the 50 largest by very recent stock market capitalization US Non-Dow 30 Industrials Companies for the third and fourth quarters of both 2022 and 2021.</span></p><p><span style="font-size: large;"></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgUAYriT8Tgof6GyobI7iLrvESesJgDUwD0L8XtwidsnQx2P61i70p11aeyKEN5vtIJ5j4yc0DphgD8wePg3cjT1S7x9O-YX8KcyLJgwDYCd9_7tthJUF0akfrfr7iiDoneKI8t18dJq9nOt_UQUkPR8Ut3gfjfCPQs4HgEKYbGGyRBiGFsE0q0Nbu_" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="1221" data-original-width="718" src="https://blogger.googleusercontent.com/img/a/AVvXsEgUAYriT8Tgof6GyobI7iLrvESesJgDUwD0L8XtwidsnQx2P61i70p11aeyKEN5vtIJ5j4yc0DphgD8wePg3cjT1S7x9O-YX8KcyLJgwDYCd9_7tthJUF0akfrfr7iiDoneKI8t18dJq9nOt_UQUkPR8Ut3gfjfCPQs4HgEKYbGGyRBiGFsE0q0Nbu_=s16000" /></a></span></div><span style="font-size: large;"><br /><br /></span><p></p><span style="font-size: large;"><br /></span><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-72266394833901597802023-02-15T15:04:00.007-08:002023-02-15T15:16:50.883-08:00The Dow 30 Industrials Cos Total Earnings Sharp Downturn From the Previous Year Period Started in the Third Quarter of 2022 (Down 11%) and Then Accelerated Further Down in the Fourth Quarter of 2022 (Down 19%)<p> <span style="font-size: large;">What Will the Percentage Decline Be in the First Quarter of 2023?</span></p><p><br /></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjzkSlHCR47WBv__Zw2Kj_M6QnjL55szHoe6yhHTxkH7BOb7e07jUa47FIKMqearZg3TVA4wCu1RExi2wowUCmanMhLwt5bnMHDg8UN9jEGizfg7anbZghtOLoCtXkXTiz-xEUY3lO3EqR5LCBtttIHEjux3ZdrIg82NiVMjw_1WzLBW-jRAPhOg8Ff" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="821" data-original-width="746" src="https://blogger.googleusercontent.com/img/a/AVvXsEjzkSlHCR47WBv__Zw2Kj_M6QnjL55szHoe6yhHTxkH7BOb7e07jUa47FIKMqearZg3TVA4wCu1RExi2wowUCmanMhLwt5bnMHDg8UN9jEGizfg7anbZghtOLoCtXkXTiz-xEUY3lO3EqR5LCBtttIHEjux3ZdrIg82NiVMjw_1WzLBW-jRAPhOg8Ff=s16000" /></a></div><br /><br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-71730592012268607312023-02-14T08:19:00.007-08:002023-02-14T08:25:10.163-08:00Coca-Cola's Worldwide Consolidated Higher Pricing/Mix Component of Its Organic Revenue Growth Was a Very High 12% in Its Fourth Quarter of 2022, Which Precisely Matched That in Its Third Quarter of 2022. But Even With This Steep Pricing Action, Its Bottom-Line Earnings Tumbled By 16% in Its Fourth Quarter of 2022 After Increasing By 14% in Its Third Quarter of 2022.<p><a href="https://www.sec.gov/Archives/edgar/data/21344/000002134423000005/a2022q4earningsreleaseex-9.htm"><span style="font-size: large;">Coca-Cola Fouth Quarter 2022 Earnings Release</span></a><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-87854356474829498092023-02-09T10:59:00.008-08:002023-02-09T11:26:01.025-08:00PepsiCo's Worldwide Consolidated Higher Pricing Component of Its 15% Organic Revenue Growth Was 16% in Its Fourth Quarter of 2022, Which Was Slightly Lower Than Its 17% Higher Pricing Component in Its Third Quarter of 2022.<p> </p><h3 class="post-title entry-title" itemprop="name" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 24px; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal; margin: 0.75em 0px 0px; position: relative;">PepsiCo's Exceptionally Highly Profitable Frito-Lay North America Segment's Higher Pricing Component Was 18% in Its Fourth Quarter of 2022, Which Was Slightly Lower Than Its 20% Higher Pricing Component in Its Third Quarter of 2022.</h3><div><br /></div><div><h3 class="post-title entry-title" itemprop="name" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 24px; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal; margin: 0.75em 0px 0px; position: relative;">PepsiCo's Large PepsiCo North America Segment's Higher Pricing Component Was 12% in Both Its Fourth and Third Quarters of 2022.</h3></div><div><br /></div><div><a href="https://www.sec.gov/Archives/edgar/data/77476/000007747623000009/q420228-kxexhibit991.htm"><span style="font-size: large;">PepsiCo Fourth Quarter 2022 Earnings Release</span></a><br /></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-50840849468417851542023-02-07T10:48:00.005-08:002023-02-14T07:46:17.564-08:00The Five Largest US Technology Cos Suffered a Total Earnings Decline of an Amazing 33% in Their Most Recently Reported Quarterly Earnings.<p> </p><h3 class="post-title entry-title" itemprop="name" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 24px; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal; margin: 0.75em 0px 0px; position: relative;">And the Seven Largest US Cos Suffered a Total Earnings Decline of an Even More Amazing 40% in Their Most Recently Reported Quarterly Earnings.</h3><div><br /></div><div><span style="font-size: large;">Clearly these US Companies, whose employees are many of the US's best and brightest, are not now in an earnings recession, but rather they are in an earnings depression and it is due to the unneeded massive overstimulation of the US economy with the resultant substantial, continuing US inflation by predominately US Fed actions but also by actions of the past two Administrations with mostly the full support of the US Congress.</span></div><div><br /></div><div><span style="font-size: large;">And it's going to be a long time before the US economy will get down to the desired 2% inflation rate while also substantially reducing the US Fed's supplied but unneeded $9 trillion of liquidity and to do all of this without a deep US recession.</span></div><div><span style="font-size: large;"><br /></span></div><div><span style="font-size: large;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiubbChn_EwWnNBtz0wZyUC3XVuoRDWyaIbAlWeyoMGvL3-5ZWIohbEI5diYssIH_R_CML_Eawo5RSZsvjq_hDVFERWmtF9NIlUHzZpD4kNp2VD78GJ56BBy6oEgf4HaheHME4pdQdvOd3wuQ-kTp_a_GVtMlVUSxe1iGJgMordzKsnrp8NqwV5nDvN" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="681" data-original-width="643" src="https://blogger.googleusercontent.com/img/a/AVvXsEiubbChn_EwWnNBtz0wZyUC3XVuoRDWyaIbAlWeyoMGvL3-5ZWIohbEI5diYssIH_R_CML_Eawo5RSZsvjq_hDVFERWmtF9NIlUHzZpD4kNp2VD78GJ56BBy6oEgf4HaheHME4pdQdvOd3wuQ-kTp_a_GVtMlVUSxe1iGJgMordzKsnrp8NqwV5nDvN=s16000" /></a></div><br /><br /></span></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-86955410157737241812023-02-04T12:36:00.002-08:002023-02-04T12:36:42.074-08:00NVIDIA Experienced Horrific Operating Income in the Two Most Recent Quarters ..... Down By 77% in the October 2022 Quarter and Down By 80%in the July 2022 Quarter, Both From the Year-Ago QuartersUnknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-63435738409619343162023-02-04T08:00:00.012-08:002023-02-04T08:43:28.049-08:00Tesla Experienced Massive Revenues, Gross Profit And Operating Income Growth Deceleration From the Prior Year Quarters All Through the Annual Year 2022. <p><span style="font-size: large;">Tesla's Revenues Increased By 37% in the December 2022 Quarter vs Increasing By 56% in the September 2022 Quarter and vs Increasing By 81% in the March 2022 Quarter.</span></p><p><span style="font-size: large;">Tesla's Gross Profit Increased By Only 19% in the December 2022 Quarter vs Increasing By 47% in the September 2022 Quarter and vs Increasing By a Huge 147% in the March 2022 Quarter.</span></p><p><span style="font-size: large;">Tesla's Operating Income Increased By 49% in the December 2022 Quarter, But That Was Because Tesla Slashed Selling, General & Admin Expenses, Which Declined By 31% in the December 2022 Quarter. On the Other Hand, Tesla's Operating Income Increased By 84% in the September 2022 Quarter and Increased by a Massive 507% in the March 2022 Quarter.</span></p><p><span style="font-size: x-large;"><a href="https://www.sec.gov/Archives/edgar/data/1318605/000156459023000799/tsla-ex991_127.htm">Tesla December 2022 Earnings Release</a><br /></span></p><p><span style="font-size: x-large;"><br /></span></p><p><span style="font-size: x-large;"><br /></span></p><p><span style="font-size: x-large;"><br /></span></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-58200220197538705492023-02-04T07:12:00.007-08:002023-02-04T07:25:14.336-08:00Apple Experienced Huge Deceleration of Both Revenues and Operating Income Growth in Its December 2022 Quarter From Its December 2021 Quarter. Revenues Were Down By 5% in the December 2022 Quarter After Increasing By 8% in the September 2022 Quarter. And Operating Income Declined By 13% in the December 2022 Quarter After Increasing By 5% in the September 2022 Quarter.<p><span style="font-size: large;">And even though it has Total Annual Product Revenues of $316 Bil, Apple refused to disclose Its higher Sales Pricing/Mix % Component of its Total Product Revenues % change.</span></p><p><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019323000006/aapl-20221231.htm#ie052991963184b6b8d8e88819780dfc4_64"><span style="font-size: large;">Apple December 2022 Quarter 10-Q</span></a><br /></p><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-41716977396243366762023-02-02T11:28:00.005-08:002023-02-02T11:45:59.581-08:00JNJ Experienced Huge Adjusted Operational Sales Growth Deceleration With Only +0.8% in the 4Q of 2022, After +8.2% in 3Q of 2022, +8.1% in the 2Q of 2022 and of +7.9% in the 1Q of 2022. Adjusted Operational Sales Growth is the Same as Organic Sales Growth and Excludes the Impacts of Acquisitions, Divestitures, and Foreign Currency Changes. Unfortunately It Also Doesn't Break Out the Two Components of Adjusted Operational Sales Growth ..... Higher Sales Pricing and Sales Volume.<p><span style="font-size: large;">With such very recent huge Sales Growth Deceleration, I now better understand why JNJ is planning a split-up. </span></p><p><span style="font-size: large;">Also JNJ refuses to disclose its Higher Sales Pricing and Sales Volume Components of its Adjusted Operational Sales Growth. I wonder what % its Tylenol went up in price?</span></p><p><span style="font-size: large;"><a href="https://www.sec.gov/Archives/edgar/data/200406/000020040623000005/a2022q4exhibit991.htm">JNJ December 2022 Earnings Release</a><br /></span></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-56400318952678429572023-02-01T10:48:00.003-08:002023-02-01T10:50:40.827-08:00UFP Industries Net Sales Increased By 11.5% in the First Nine Months of 2022 From the Prior Year Period Just Due to Higher Selling Prices<p> <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/912767/000155837022016242/ufpi-20220924x10q.htm#MANAGEMENTSDISCUSSIONANDANALYSISOF_70241"><span style="font-size: large;">UFP Industries September 2022 10-Q</span></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1496098960189381657.post-71556821540246554072023-02-01T10:24:00.007-08:002023-02-01T10:31:43.078-08:00Leggett & Platt Bedding Product Trade Sales Increased By 16% in the First Nine Months of 2022 From the Prior Year Period Just Due to Higher Selling Prices.<h3 class="post-title entry-title" itemprop="name" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 24px; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal; margin: 0.75em 0px 0px; position: relative;">Leggett & Platt Furniture, Flooring & Textile Product Trade Sales Increased By 12% in the First Nine Months of 2022 From the Prior Year Period Just Due to Higher Selling Prices.</h3><p><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/58492/000005849222000024/leg-20220930.htm#ifb3ead8eb4014bb9a89da8846eed3c04_133"><span style="font-size: large;">Leggett & Platt September 2022 10-Q</span></a> </p>Unknownnoreply@blogger.com