Today’s most talked about article is likely to be this breathless Bloomberg piece on the demise of Bear Stearns: "On March 11,...
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At this point, you would have thought the Efficient Market Hypothesis would have died a quite death. But as is its wont on Wall Street,...
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Just when you think there is a glimmer of hope that some of these ne’er do well, lying, cheating, sniveling, cowardly bank CEOs...
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An active trader pointed us to this very familiar looking off-balance sheet shenanigan found in the following paragraph regarding...
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A brief review of recent Merrill CEO statements: 1. We don’t need capital; 2. We could use some capital, but we won’t sell...
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I’m on an earlier than usual train home today, to take the missus out to dinner (she just flew back into NY today). Change at...
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Jason Zweig has an interesting column today in the WSJ: Inquiring minds want to know: What would Graham do? This column, named after...
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Nicely structured reasoning via Barron’s Randall Forsyth: Borrowings at the Federal Reserve’s discount window averaged a...
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Very strange confluence of media coverage this morning on the banking sector. All three major financial papers (WSJ, NYT, Barron’s)...
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New Home Completions, 1968-2008 click for ginormous chart Major New Home Building Housing expansions since 1968 are marked as a red...
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