Category Archives: Curiousities

JPMorgan gets paid to borrow $271 billion

We know that JPMorgan is not substantially increasing lending anytime soon. And we also know that banks are recapitalizing courtesy of a steep yield curve and near zero rates, what I would call free money.  What I didn’t know is how free these funds truly were. An investor friend pointed out something curious buried deep […]

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Is the Bundesbank against an IMF-enabled bailout of Greece?

It seems the wheels are coming off the European experiment. Yesterday, we had a huge meltdown in Greek bonds. Media reports suggest that a recent article in German daily Frankfurter Rundschau are what triggered the latest selloffs in Greek sovereign debt (See the Telegraph’s account here; hat tip Swedish Lex). This article leaked portions of […]

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Throwing in the towel on policy makers

A post by Edward Harrison. Earlier today, I had a brief e-mail exchange with Marshall Auerback in which I said that I had basically thrown in the towel on US (and global) policy makers. Early on in this crisis, I had advocated a number of policy paths which I think would have been infinitely superior […]

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An Open Letter to Dr. Laura Schlesinger

Time for a change of pace. This came via e-mail from Marshall Auerback: In her radio show, Dr. Laura Schlesinger (a popular conservative radio talk show host in the USA) said that homosexuality is an abomination according to the Bible Leviticus 18:22, and cannot be condoned under any circumstance. The following response is an open […]

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How to Stay Awake During Obama Speeches: Play Bullshit Bingo

Via e-mail: 1. Before Barrack Obama’s next televised speech, prepare your “Bullshit Bingo” card by drawing a square.  I find that 5″ x 5″ is a good size — and dividing it into columns –five across and five down. That will give you 25 1-inch blocks.   2. Write one of the following words/phrases in each block:  Restored our […]

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Imaging Imperial Washington

From Marshall Auerback. One thing that amused me about this rendition is that Obama is most visible as a statue, a mere bit of decoration, albeit the one meant to set the tone (he also appears as a less consequential figure behind MIchelle): Reader Keenan pointed to the source, which includes quotes for all of […]

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Brilliant Marketing Meets Dark Humor

Maybe because I was always better at the quant-y courses in B-school than touchy-feelie ones (not that B-school has the most demanding academic standards, mind you), I’ve always been a bit leery of marketing, as opposed to selling. Selling I understand, the hocus-pocus with marketing has often seemed a bit dubious to me. Yes, there […]

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