As a follow up to ISM the other day, I wanted to pass along this chart, showing stagnant growth, but a big spike in prices paid: via Jake
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Looks like trouble for the monline duolines. Barring any further capital raise means a AA rating is inevitable: The world’s largest...
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Today’s must read commentary: naked capitalism calls shenanigans on Lehman Brothers illegal leak of an insider memo to CNBC’s...
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"Internationally we’re looking at a 43% inflation rate in food this year," Ed Schafer, US secretary of Agriculture, told...
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Too little, way too late: "Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating...
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I’m committed to making the blog roll more manageable. To that end, I’ve pulled 3 blogs that are now defunct, and added one:...
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Via Prieur du Plessis’ website, we see that inflation in Zimbabwe remains slightly elevated (Fortunately for the Mugabe regime,...
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"In the short term, the market is a ‘voting’ machine whereon countless individuals register choices that are product...
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The "qualified special-purpose entities" (QSPE) — those not unlike Enron-style SPVs in which many leveraged financial...
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For the past year, we have been advising investors to steer clear of the Finance sector. As we noted yesterday, Lehman was in the market...
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