Monthly Archives: May 2009

Guest Post: The Incredibly Uneven Recovery?

Submitted by Leo Kolivakis, publisher of Pension Pulse. The Dow Jones industrial average fell almost 175 points Wednesday, erasing most of the previous day’s rally as a jump in government bond yields fanned concerns that higher interest rates will sap strength from the economy: A steep drop in the price of the benchmark 10-year Treasury […]

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Links 5/28/09

Feral girl in Siberian city of Chita was brought up by cats and dogs Times Online (hat tip reader Steve L) Abu Ghraib abuse photos ‘show rape’ Telegraph (hat tip reader Steve L). So far, a Google News search shows this only reported in the UK press (including Reuters UK). And the story went up […]

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Bond Carnage, Muddled Inflation Thinking, and Fed Options

The Fed has a mess on its hands. Yields on ten and thirty year Treasuries have shot up in the last few days as investors have become fixated on burgeoning Treasury supply in coming months and years. and, as belief in the “green shoots” story is rising, a shift to riskier assets. In addition, while […]

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Part of Public Private Investment Partnership Plan Looks Dead on Arrival

As readers may recall, we had been skeptical (and critical) of the Public Private Investment Partnership from the outset. It was the third effort at a program that had failed twice under Hank Paulson, namely, to have banks get dud assets off their balance sheets by selling them to a sucker. That’s why this program […]

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Guest Post: FDIC Won’t Rule Out Banks as Buyers of Toxic Assets

Submitted by Rolfe Winkler, publisher OptionARMageddon During a press conference today, FDIC Chairwoman Sheila Bair was asked about the Journal’s report that banks are lobbying to buy assets under Geithner’s toxic asset plan, the PPIP. She says banks will not be able to bid on their own assets, but clearly leaves open the possibility that […]

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Guest post: Marc Faber says “I am 100% sure that the U.S. will go into hyperinflation”

Submitted by Edward Harrison of the site Credit Writedowns. You have to hand it to Marc Faber; he knows how to grab your attention. Earlier this year, I posted a video of him saying “don’t underestimate the power of printing money“, a quote that has become mantra for me. Basically, he believes a rising tide […]

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Guest Post: Liquidity Drowning the Meaning of Inflation?

Submitted by Leo Kolivakis, publisher of Pension Pulse. On Monday, Sheldon Filger wrote an article in the London Telegraph stating that the U.S. economy risks the dire prospect of hyperinflation: … though not downgrading the danger of deflation, I believe policymakers are ignoring other factors regarding this economic and financial condition. Furthermore, the U.S. government […]

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Links 5/27/09

Giant dinosaurs ‘held heads high’ BBC Tiger mauls NZ zoo keeper to death Times Online Banks Aiming to Play Both Sides of Coin Wall Street Journal. A more accurate title would be “Banks Shamelessly Ask Permission to Game PPIP in the Open.” After all, if they did it through friendly intermediaries, it just reduces the […]

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GM Bankruptcy Appears Certain

We have for some time been concerned about the odds of a GM bankruptcy. While bankruptcy in theory offers some compelling advantages, GM is so large that only certain operations could be hived off. The thought, as with a traditional Chapter 11, is to skinny up the company and a have a new sleeker version […]

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Guest Post: Pension Terminators?

Submitted by Leo Kolivakis, publisher of Pension Pulse. I just came back from the movies where I saw Terminator Salvation. Not bad, but nowhere near as good as Terminator 2 – Judgment Day, which was a classic in this series. But far away from Hollywood, real life pension terminators are hard at work. Canadian Auto […]

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Links 5/26/09

Study unlocks history of the seas BBC When It Comes To Charity, Poor Give Too Much, Get Too Little Consumerist Texting May Be Taking a Toll New York Times Polaroid Lovers Try to Revive Its Instant Film New York Times More Newspaper Bad News: Public Notices Look Elsewhere BNET Media Zombie banks walk among us […]

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