It’s clear to at least some that banks can’t subsidize the banks forever. So where does that leave bank share prices? It’s a valid question, even if it can’t be heard right now over the din of champagne corks popping and the chorus of Hallelujahs wafting up over Wall Street and the White House.

651K jobs lost in Feb…  Dec. and Jan Job losses revised up…  Talking Norway, Canada, Australia… Brazil stealthlike for 3 months… And Now… Today’s Pfennig!

T.G.I.M (Thank goodness it’s March). Unfortunately, that’s what investors were saying when they closed the books on January and times have only gotten worse.

So many people are getting on the bankers’ case; we’re beginning to feel sorry for them. After all, what did they do wrong?

U.S. economy shrank at fastest pace in nearly 27 years… Procter and Gamble down after cuts full-year forecast… Exxon, Chevron gain after beating expectations… Dow, S&P, Nasdaq all off about 1 pct…

Oil jumps $2 on better-than-expected GDP data… OPEC says “willing to go further” to balance market… Labour action in U.K., U.S. supports crude prices…

The dismal U.S. unemployment numbers have gotten more airtime recently than Jerry Springer. And why not? The numbers are mind-numbing.

It’s Monday morning. The world economy is calling in sick. A Bloomberg report confirms last week’s news: the US economy lost more jobs last year than at any time since the end of WWII.. The jobless rate is now at a 16-year high.

Japan dominates news wires…  US retail sales to drop… Russia devalues the ruble again…  And Now… Today’s Pfennig!

With gross domestic product plummeting and the jobless rate at a 14-year high, U.S. policymakers will have to author at least one more stimulus package in the months to come if they are to elbow aside the impact of high unemployment and depressed consumers.