Focusing on current trends and ways to profit from them "There's a sucker born every minute. These are the people who believe that this time it's different. "
Friday, July 3, 2009
Thursday, July 2, 2009
Rich Harvard, Poor Harvard: Vanity Fair | Vanity Fair
Rich Harvard, Poor Harvard: Vanity Fair Vanity Fair
Just think where Rubin and Summers are now :)
Just think where Rubin and Summers are now :)
Is the Latvia intervention team assembling? | afoe | A Fistful of Euros | European Opinion
Is the Latvia intervention team assembling? afoe A Fistful of Euros European Opinion
Looks like something is going to go down in latvia sometime soon.
Looks like something is going to go down in latvia sometime soon.
Consumer credit down a massive 33% in Spain - Credit Writedowns
Consumer credit down a massive 33% in Spain - Credit Writedowns
Spain continues its death spiral.
Spain continues its death spiral.
Table A-12. Alternative measures of labor underutilization
Table A-12. Alternative measures of labor underutilization
9.5% U3 and 16.8% U6
Strange that we only got a single bases point increase in U3. Unadjusted shows 9.7%. Still Looking for 10% before September.
9.5% U3 and 16.8% U6
Strange that we only got a single bases point increase in U3. Unadjusted shows 9.7%. Still Looking for 10% before September.
No IOUs For California Pols, They're Still Getting Cash
No IOUs For California Pols, They're Still Getting Cash
Great so the politicans get paid and everyone else gets screwed.
Great so the politicans get paid and everyone else gets screwed.
Wednesday, July 1, 2009
Gov. Declares Fiscal Emergency; Orders 3rd Furlough Day | News10.net | Sacramento, California | Local News
Gov. Declares Fiscal Emergency; Orders 3rd Furlough Day News10.net Sacramento, California Local News
So we are going to play chicken with the 8th largest economy. Should be fun to watch.
So we are going to play chicken with the 8th largest economy. Should be fun to watch.
The Fed botched banking regulation once already. So why does Obama want to give it more power?
The Fed botched banking regulation once already. So why does Obama want to give it more power? - By Eliot Spitzer - Slate Magazine
I know many people hate him, but for god shakes bring him back.
I know many people hate him, but for god shakes bring him back.
Lost in the Weed: We stopped subsidizing tobacco farming. The result? Tobacco farming’s on the rise. | The Big Money
Lost in the Weed: We stopped subsidizing tobacco farming. The result? Tobacco farming’s on the rise. The Big Money
While some of the conclusions may be off, the tell highlights the foolishness of paying people to not farm. It inflates the price and helps no one. We should end all farm payments like this.
While some of the conclusions may be off, the tell highlights the foolishness of paying people to not farm. It inflates the price and helps no one. We should end all farm payments like this.
Hotel Loan Defaults Double as Recession Cuts Travel (Update2) - Bloomberg.com
Hotel Loan Defaults Double as Recession Cuts Travel (Update2) - Bloomberg.com
More bad news for hotels and the CRE Market.
More bad news for hotels and the CRE Market.
Freddie Mac receives additional $6.1B from gov't | TPM News Pages
Freddie Mac receives additional $6.1B from gov't TPM News Pages
Least you think AIG is the only money hole being feed.
Least you think AIG is the only money hole being feed.
The Dreaded California IOU System Becomes A Reality
The Dreaded California IOU System Becomes A Reality – 24/7 Wall Street#more-39524#more-39524
Given a month or so this will start to break the suppliers.
Given a month or so this will start to break the suppliers.
To Dennis Kneale: You're An Idiot
To Dennis Kneale: You're An Idiot - The Market Ticker
Adding to that, If you think that magic will happen and the CRE mess will not cause problems you are delusional. If you think the fall in tax income for the states will not hurt you have head in the sand.
Adding to that, If you think that magic will happen and the CRE mess will not cause problems you are delusional. If you think the fall in tax income for the states will not hurt you have head in the sand.
Conglomerate Blog: Business, Law, Economics & Society
Conglomerate Blog: Business, Law, Economics & Society
It always comes down to money and power. A excellent take on Iran.
It always comes down to money and power. A excellent take on Iran.
Goldman again
FT Alphaville » Blog Archive » Goldman again
Follow up to the Rolling Stone Article from last week.
Follow up to the Rolling Stone Article from last week.
Tuesday, June 30, 2009
States brace for shutdowns - Los Angeles Times
States brace for shutdowns - Los Angeles Times
Big Problems for the states and next year will be worse.
Big Problems for the states and next year will be worse.
AIG: Ready to Blow Up Again
[ The Financial Ninja ]: AIG: Ready to Blow Up Again
The money pit needs feeding again.
The money pit needs feeding again.
For Pro Athletes, Business School Is No Game - BusinessWeek
For Pro Athletes, Business School Is No Game - BusinessWeek
78% of NFL player declare BK after just 5 years of retiring. Sad.
78% of NFL player declare BK after just 5 years of retiring. Sad.
The Oil Drum | DrumBeat: June 30, 2009
The Oil Drum DrumBeat: June 30, 2009
Check out the Peak Oil discussion from the Atlanta Fed.
Check out the Peak Oil discussion from the Atlanta Fed.
China Signals End of Stockpiling
naked capitalism: China Signals End of Stockpiling
More signs of problems in China
More signs of problems in China
Guaranty Bank: FDIC assistance needed for survival - Houston Business Journal:
Guaranty Bank: FDIC assistance needed for survival - Houston Business Journal:
A huge failure if it goes down. 14 Billion.
A huge failure if it goes down. 14 Billion.
Monday, June 29, 2009
U.S. Plan to Stem Foreclosures Is Mired in Paper Avalanche - NYTimes.com
U.S. Plan to Stem Foreclosures Is Mired in Paper Avalanche - NYTimes.com
Banks have terrible customer service and are built this way to cause of audit requirements and regulations. Any hope of this changing is furlone.
Banks have terrible customer service and are built this way to cause of audit requirements and regulations. Any hope of this changing is furlone.
The Looming Chinese Banking Disaster
The Looming Chinese Banking Disaster
If you think the RMB is safe, I have some lovely CDO's for sale at a discount.
If you think the RMB is safe, I have some lovely CDO's for sale at a discount.
With Unemployment Moving To 9.6%, Economic Impact Of Jobs Is Just Beginning – 24/7 Wall Street
With Unemployment Moving To 9.6%, Economic Impact Of Jobs Is Just Beginning – 24/7 Wall Street
With the last jump we could see 9.8% on thursday based on the velocity of unemployment. There is no signs of hiring in fact with closing of the dealers from Chyrsler and GM we could easly push above 10% next month.
With the last jump we could see 9.8% on thursday based on the velocity of unemployment. There is no signs of hiring in fact with closing of the dealers from Chyrsler and GM we could easly push above 10% next month.