We still have some technical glitches, and the fellow who did the transfer was oddly MIA Saturday, which is far from a good devleopment. Some images are not showing up in the daily e-mail. Most troubling, the RSS feed does not seem to be working with all clients. There are also some problems with comments […]
Read more...The New York Times discusses whether Americans will return to buying cars at the pre-bust level when conditions return to some level of normalcy. Of course, the subtext is that the US economy will get back on track later this year, when many those who anticipate growth starting 3Q/4Q, when pressed, say the recovery will […]
Read more...Until I figure out a way to quickly copy and paste hyperlinks from Blogger to WordPress, I invite you to go to my blog and read my latest comment: Street Fighters and their Pension Clients You can leave your comments here on NC. Kind regards, Leo Kolivakis
Read more...Submitted by Tyler Durden of Zero Hedge In the week ended May 22, NYSE program trading dropped to a statistically significant low of 2.9 billion shares, down from 3.3 billion the week before, and from a 3.8 billion prior 52 week average. As for specific actors, no surprise, Goldman leading the government’s SLP team with […]
Read more...The blog will be switched from Blogger to WordPress starting at 8:00 PM this evening. It should be on WordPress by 10:00 PM. There will be NO change in address or RSS feeds. There may, however, be an interruption in your ability to leave comments, as the new address related to the www.nakedcapitalism.com domain name […]
Read more...Submitted by Rolfe Winkler, publisher of OptionARMageddonBack in February, amidst the neo-Keynesian rage to spend our way out of recession, I argued that stimulus wouldn’t stimulate. Pointing to the graph of the 10-year Treasury vs. 30-year mortgage rates I said that the government wouldn’t be able to flood the market with Treasurys without driving up […]
Read more...Submitted by Leo Kolivakis, publisher of Pension Pulse. Last week I commented on CPPIB’s 19% loss in FY2009. On Thursday, CPPIB released its 2009 Annual Report and it’s worth going over some details below. [Note: For some strange reason (probably to annoy me), CPPIB locked their PDF file, so I had to embed images below. […]
Read more...The Consolation of Animals Richard Coniff, New York Times Happy Days, The piece is nice, but the very existence of this blog (“The Pursuit of What Matters”) is a real sign of the times. The Obama Time Capsule (hat tip reader lambert). I am not sure what to make of this…and it does seem to […]
Read more...Given that we are (hopefully) going into a time of year when the news will continue to be less than gut-wrenching, and therefore provide less ready grist for blogging, I wondered if any readers might enjoy taking a hand at a book review. It can take either the “what is this book about and do […]
Read more...The Japanese have a wonderful expression that I will take some liberty in translating. They use it to signify when someone is trying to claim great distinctions among low levels of activity or achievement. The phrase is roughly “A height competition among peanuts.” Reader DoctoRx flagged this Bloomberg report as a Pangloss item. What is […]
Read more...Submitted by Edward Harrison of the site Credit Writedowns. I was on the BBC yesterday talking autos and my commentary was almost entirely political. So, as we await the likely General Motors bankruptcy, I think it bears discussing how political this process has been and will continue to be. General Motors is a monster company […]
Read more...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 […]
Read more...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 […]
Read more...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 […]
Read more...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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