Various commenters have noticed that Mish’s blog has vanished. My guess – a spurious “terms of service violation”. Google’s robot spam monitors sometimes screw up by giving false positives – something like this happened to Yves (see para 3) back when NC was on Blogger. I can’t imagine they’ll shut up Mish for long and […]
Read more...A short film by Howard Hall (hat tip reader Sundog) The Blue Ocean in RED from Howard Hall on Vimeo.
Read more...The Fed’s announcement of $600 billion of intermediate and long Treasury purchase, informally dubbed QE2, teed off a peppy rally in stocks, and led to further weakening of the dollar. These trends were already well in motion thanks to the central bank’s winks and nods that it was going to embark on another round of […]
Read more...From an alert reader: The United States of America in one short scene, from Politico: MILITARY OFFICERS TOUR JPMORGAN — JPMorgan Chase yesterday hosted about 30 active duty military officers (across all branches and agencies) from the Marine Corps War College in Quantico, Va. The officers met with senior executives, toured the trading floor and […]
Read more...Well, at least we are number one as of yesterday, when Richard Smith noticed our rating, and today among business blogs. Don’t know how long this will last. But look how we beat blogs with a lot more people as dedicated contributors! And if you look at the Technorati ratings for business blogs + news […]
Read more...Warning: this is rap by a middle aged white woman, so adjust your expectations accordingly. There have been a number of reports of cases like hers, of borrowers told to become delinquent to qualify for a mod. They often fail to get the mod and lose their homes.
Read more...Einhorn is the famous Lehman short of 2008; he got a lot of flak from Clueless Charlie Gasparino for that. I seem to remember our own Lehman bear, Yves, getting snarled at by Charlie G somewhere along the line, too. But of course, Einhorn, via his vehicle Greenlight Capital, had it right; as did Yves […]
Read more...The latest Versus econoparody: And since this is a Friday night, let me give you a couple of personal faves. This one from O Lucky Man! is similar philosophically but very different stylistically. This Lindsay Anderson film (with Malcolm McDowell) has the interesting device of treating the band as a Greek chorus. During the picture, […]
Read more...OK, I know NC is in danger of becoming “all mortgages, all the time,” but I assume you’ll appreciate this clip nevertheless. Enjoy! The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Read more...See this video ofthe deposition of GMAC’s famed robo signer, Jeffrey Stephan, who estimates that he signs 10,000 documents a month. If nothing else, you need to watch from 5:00 to the end of the first segment. Hat tip reader Barbara W, from 4closureFraud.org. I wish the sound quality were better; you can also read […]
Read more...A Sunday change of pace at the suggestion of reader Cullpepper. Enjoy!
Read more...The London sponsored bike hire scheme provides an ongoing media opportunity for one of the UK’s less well liked banks. Not everyone thinks the PR should go unchallenged. Shot in Smithfield yesterday, hat tip Richard Smith:
Read more...Thought I’d make a very crude effort to assess how much interest there is in strategic default, via looking at how often it comes up in Google searches versus other hot topics. Be sure to look at the left scale. Not surprisingly, strategic defaults is a new subject of interest: Some old and new pet […]
Read more...If only it was that easy. First sentence: “Pick up a piece of text and start reading and it usually becomes clear pretty quickly whether you’re reading a nonfictional news story or a fictional novel.” They lost me right there. Hat tip to Alea.
Read more...It was hard to miss the Chinese central bank’s announcement last weekend that it was implementing a ore “flexible” policy toward managing its currency. Numerous Western officials and analysts declared the statement to be a major move, signaling China’s willingness to allow the renminbi to appreciate to a meaningful degree. We, by contrast, called it […]
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