Monthly Archives: July 2009

US GDP comes in at minus 1%

Submitted by Edward Harrison of Credit Writedowns. Down 1.5% was the consensus expectation. But Q1 was revised down to minus 6.4% from 5.5%. The GDP Deflator for Q2 came in at 0.2%, which shows that disinflation risks tipping into deflation still.  The dollar is weaker and the short end of the treasury curve is up […]

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Links 7/31/09

Dear readers, I really did go looking for material, but I didn’t find anything that got my juices going enough to be post-worthy. Apologies. Fresh hope for world’s fisheries BBC World’s first computer may be even older than thought Short Sharp Science Barclays and the monoline minuet FT Alphaville (hat tip Richard S) Compensation Committees […]

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Guest Post: Wooing the Big One?

Submitted by Leo Kolivakis, publisher of Pension Pulse. The NYT reports on how firms wooed a U.S. agency with billions to invest: As a New York money manager and investment banker at four Wall Street firms, Charles E. F. Millard never reached superstar status. But he was treated like one when he arrived in Washington […]

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Links 7/30/09

Jellyfish help to stir the ocean BBC Did an ice age boost human brain size? New Scientist (hat tip reader John D) The Day the President Turned Black (But has he turned back?) Greg Palast The Health Care Bill Dies? Matt Taibbi (hat tip reader John D) Flipping Out David Adler, The Big Money. Statistics […]

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Unemployment, Not Bubble Unwind, Starting to Dominate Foreclosure Activity

A new dynamic appears to be emerging on the housing front. Heretofore, foreclosures were strongly correlated with where the mania had been most acute. California, Florida, and Arizona in particular showed dramatic declines in prices. But now as those markets have corrected to a considerable degree, foreclosure activity is now starting to be a function […]

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Guest Post: Good News For Hedge Funds?

Submitted by Leo Kolivakis, publisher of Pension Pulse. The Boston Globe reports that Mass. pension fund posts big loss: Hurt by the steep decline in the stock market last summer, the Massachusetts state pension fund reported its worst year in its modern history. The fund lost 23.6 percent, or $12.8 billion, in the fiscal year […]

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Links 7/29/09

Scientists sound Oceania extinction warning ABC (hat tip reader Skippy) Blue M&Ms ‘mend spinal injuries’ Telegraph (hat tip reader John D). I guarantee more of you will read this one than the more important story above. ‘No doubt’ sunbeds cause cancer BBC Robotic firefighting team debuts BBC City Aids Homeless With One-Way Tickets Home New […]

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SEC Taking More Aggressive Stance on CEO Clawbacks

The SEC is pursuing a rather odd case, odd in the sense that while the media is getting very excited about it, it strikes me as having perilous little general applicability. The broad strokes via the Financial Times: The US Securities and Exchange Commission’s attempt to use – for the first time – a “clawback” […]

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Guest Post: Janet Yellen Channels Ronald Reagan

Served by Jesse of Le Café Américain “You know, Paul, Reagan proved deficits don’t matter.” Dick Cheney to Paul O’Neill The mainstream media is reporting that Fed governor Janet Yellen, a noted dove on inflation as Fed governors go, just told a gathering of bankers in Idaho that “deficits do not cause inflation” and summarily […]

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China: Buildings to Nowhere Looking Increasingly Shaky

We’ve been told that one of the reasons China is allegedly faring less badly than might be expected, given than big creditors tend to take it on the chin worse in global crises than debtors, who can simply default, is that its economy was actually more reliant on domestic capital spending than exports as a […]

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Guest Post: Pension Poverty?

Submitted by Leo Kolivakis, publisher of Pension Pulse.The Times reports British pensioners are among the poorest in the EU: Britain’s pensioners have the fourth highest level of poverty in Europe, according to figures published today by the European Commission. The over 65’s in Britain are, on average, worse off than their counterparts in Romania, Poland […]

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Links 7/28/09

Wild camels ‘genetically unique’ BBC U.S. releases unclassified spy images of Arctic ice Reuters World will warm faster than predicted in next five years, study warns Guardian (hat tip reader John D) Drugmakers Ramp Advertising Campaign For Health Care Reform Michael Shedlock. It isn’t news that Harry and Louise will be returning to a station […]

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