By Andrew Kaplan, a hedge fund manager: It has become fashionable among equities managers of the bullish persuasion to argue that a strong recovery in GDP will occur in 2010 because the “structural adjustment period” of moving back to a more normal savings rate has been completed. We’ve gone from a savings rate of barely […]
Read more...The Republican Death Machine Jacob Weisenberg, Slate (hat tip reader John D) Marijuana’s new high life Los Angeles Times (hat tip DoctoRx) Physicists successfully predict stock exchange plunge New Scientist (hat tip reader John D) Swiss “Black” Accounts – A Trillion Dollar Problem Bruce Krasting More Foreclosures Than Home Sales, Again Rich Toscano Flu pandemic’s […]
Read more...Clearly, the spin is in. As a post earlier today discusses, the Financial Times is running a story that claims that the Fed made money on its rescue programs, then slips in all the tidbits in the body of the article to let discerning readers know that the reporter understands that the analysis is utter […]
Read more...From derivatives expert Satyajit Das of Traders, Guns & Money fame: In the 1980s, the Japanese were taking over the world. In the 1990s, it was going to be an ‘Asian’ century. These days the pundits are betting on the ‘Chinese Age’. Like all such glib predictions, despite their superficial appeal, they mask complex undercurrents […]
Read more...I know it may be hard for most readers to believe this, but once upon a time, the New York Times really was a very good paper. I trace its demise to its decision to become a national newspaper, which took place in the later 1990s, instead of a New York city newspaper that set […]
Read more...Senate Hearing On Brain Cancer Risks From Cell Phone Use Nears As New Study Is Released News Junkie Post (hat tip reader John D) 42.90 Euros Per Arm Der Spiegel (hat tip Tim Coldwell) London’s Luxury Homes Sell at the Fastest Pace Since July 2007 Bloomberg US Equity Markets Look Dangerously Wobbly As Insiders Sell […]
Read more...We are transitioning this site from Blogger to WordPress (and a new hosting service) today. For readers there should be no changes required to continue reading us via the website, email or newsfeed. However anyone posting comments or articles (i.e. guest bloggers) will notice a few changes to the editor interface. We expect problems so […]
Read more...Barney Frank is joining the “rein in the Fed” party, with a key distinction: he wants to steer clear of messing with the central bank’s independence in monetary affairs. Thus, the call for a Fed audit ex that activity is not surprising. However, a possible new front is that Frank also wants to place some […]
Read more...We will be transitioning this site from Blogger to WordPress (and a new hosting service) this evening. The ability to leave comments will be disabled for approximately an hour until the transfer is complete. There may be up to a 20 minute service outage when the actual switch happens. For readers there should be no […]
Read more...Even if you don’t get a thrill from looking at spectacular car wrecks, one reason to take interest in the Lehman bankruptcy is that it may get at issues that regulators seem remarkable loath to address, namely, how did a company that reported positive net worth and not a single big firm equity analyst ever […]
Read more...Deer ‘fakes death’ to escape cheetah and a hyena: video Telegraph Police baffled as dozens of ‘suicidal’ cows throw themselves off cliff in the Alps Daily Mail (hat tip reader Jim C) ‘Stress’ is shrinking polar bears BBC (hat tip reader John M) Scientists: Tick saliva may hold cure for numerous cancers Raw Story Elders […]
Read more...It must be lonely being a China bear….particularly for those dubious about its longer term prospects, as opposed to those who might simply think its stock market is a bit ahead of itself even after its recent correction. Vitaliy Katsenelson, in an article at MorningStar, beings almost sounding a tad persecuted before he warms up […]
Read more...Conspiracy theorists will have to wait until the article described in Inside Science is published to determine whether it delivers on its claims. It purports to analyze stock holding across 48 countries and alleges they are held in very few hands. But the work was done by physicists, which means they may not have understood […]
Read more...Bloomberg reports that Wall Street is back to its free-wheeling, high-levered ways. This is a classic example of moral hazard in action. Why worry about blowing up the bank when you know the taxpayer will bail you out? From Bloomberg (hat tip DoctoRx): Banks are increasing lending to buyers of high-yield company loans and mortgage […]
Read more...This was too good to pass up. The key section of an offering at The Reformed Broker (hat tip reader Gonzalo): The Five Stages of Panic Buying! 1. Denial (Late March/ Early April) “Ha, another Bear Market rally…wait til the foreclosure/ new home sales/ confidence data comes in! Right back to 6500, maybe lower…bagholders” “Dude, […]
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