Plants ‘can recognise themselves’ BBC The Math Gender Gap Explained Newsweek. The notion that more men do well at elite math looks more and more shaky. Privacy study shows Google’s eyes are everywhere San Francisco Business Times These Dark Satanic Mills Epicurean Dealmaker More on bank lending data Econbrowser, and More on the fall in […]
Read more...Well, once in a while the authorities exceed my low expectations, and this is one of those instances. The Fed is insisting that the bank recipients of TARP fund meet a higher standard, in terms of balance sheet strength, than set in the stress tests. The banks are grumbling that this is not what they […]
Read more...Submitted by Edward Harrison of the site Credit Writedowns. The data for personal consumption came out yesterday. However, I have not had a chance to look at the data and write a post until now. What I see right now is not good for a sustainable recovery. Let me tell you why and how this […]
Read more...Submitted by Edward Harrison of the site Credit Writedowns. Nearly a month ago, back on May 5th, I highlighted some testimony by Federal Reserve Chairman Ben Bernanke before congress in a post labelled, “Bernanke expects recovery later this year". In his testimony, Bernanke used the phrase ‘Scylla and Charybdis’ to describe the Federal Reserve’s policy […]
Read more...Submitted by Leo Kolivakis, publisher of Pension Pulse. I just got off the phone with a buddy of mine who used to work as a treasurer in a small bank here in Montreal. We were talking about the sharp move in the Canadian dollar over the last few trading days. You should check out the […]
Read more...Dolphin and whale climate fears BBC Supreme Court to Review ‘Business Method’ Patents Business Week The Summer Home Bust Daniel Gross, Slate GM fallout set to be windfall for Japan automakers MarketWatch High Anxiety (about Interest and Inflation Rates) Menzie Chinn, Econbrowser. Particularly useful. Grand Theft Auto: How Stevie the Rat bankrupted GM Greg Palast. […]
Read more...The Financial Times has a brief write up of an interview with the head of the Philadelphia Fed, Charles Plosser. His remarks seem more anodyne than they really are: The Federal Reserve should not be involved in financing toxic assets that date from the bubble era, Charles Plosser, president of the Philadelphia Fed, has told […]
Read more...Readers know well that I am of the view that more than a few senior people on Wall Street who should have gotten nothing, and in some cases, should have gone to jail, instead made off with princely sums. But Citi’s half-baked remedy, of withholding the payouts of a few recently departed top dogs, is […]
Read more...Dear readers, I have the high class problem for you and me that this blog is sufficiently popular that it is straining the capacity of the new hosting environment (a database issue of some sort). There are ways to fix this, but temporarily I have gone back to Blogger, and will probably be back on […]
Read more...Submitted by Edward Harrison of the site Credit Writedowns. As I write this, the U.S. dollar has fallen to new 8-month lows against the British Pound and oil. Sterling is up over 2 big figures to 1.6371 while oil (WTI crude front month contract) has marched up near $68 a barrel. Clearly the sell the […]
Read more...Close encounter with a wild hippo BBC Consumer link to rainforest destruction Financial Times. I’m surprised that this was considered not proven. Treasuries `Only Game in Town’ as China Boosts Holdings While Dollar Falls Bloomberg I Am Marla’s Observations On Artificial Selection In Chrysler Dealerships Marla Singer, Zero Hedge. In case you missed this, you […]
Read more...Lordie, if this Reuters article is to be taken at face value, the Fed is even more detached from reality than I feared. The Fed does not understand why the Treasury bond market had a mini-panic last week. Is it that investors believe the “green shoots” story and are seeking riskier assets? Or is it […]
Read more...The last person one might expect to criticize the Obama Administration bailout of GM is a unapologetic liberal like Robert Reich, labor secretary under Clinton. Yet he does precisely that in today’s Financial Times. And his logic is similar to the arguments made here and elsewhere against the bank rescue operations. Unlike some other commentators, […]
Read more...Larry Summers appears to have a less than operational moral compass. The former Treasury Secretary, now head of the National Economic Council (and presumed Fed chairman if Obama decides against recommending Bernanke for another term) was in the employ of hedge fund DE Shaw to the tune of $5 million for sixteen months while working […]
Read more...Please read my latest comment: Why is Small Beautiful? And please post comments here on NC. Kind regards, Leo Kolivakis
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