Time to Fire Ken Lewis of Bank of America Step right up to the bar here in Bailout Nation, 2009 version. Open 24 hours, we never close. No bailout too big, no investment/money pit... Read More
$1.2 Trillion Slush Fund Fascinating grilling of Federal Reserve Vice Chair Donald Kohn: > Amazing questions from a Freshman Congressman . . . Read More
Media Appearance: CNBC’s Fast Money (1/14/09) > Tonite I will be on Fast Money with Dylan Ratigan on CNBC at 5:30pm discussing with the crew on the problems with the TARP and what... Read More
Is Anyone Surprised at an Ugly Beige Book? This morning, I gently mocked those economists who were (gasp!) surprised that Retail Sales in December stunk. Which brings us to the... Read More
Martin Wolf: Allow House Prices in the US to Drop I totally agree with Financial Times journalist Martin Wolf that home prices need to find their own levels: Journalist Martin Wolf... Read More
Market Lacks Committed Buyers Ali Velshi of CNN talks with MarketWatch’s Jon Friedman about what has gone wrong with the markets and whether they’ve hit... Read More
“Fund of Funds Are a Cancer” The Quote of the Day comes from David Swensen, Yale University’s endowment’s chief investment officer, in Tuesday’s... Read More
Consumer Wallets Slam Shut Retail sales fell sharply in December as consumers stayed home, pushing sales lower by 2.7%. Thu 01/15/09 13:29 PM EST — Reuters Read More
Cumberland on Currencies; Gartman on Geithner; Kotok postscript... Cumberland on Currencies; Gartman on Geithner; Kotok postscript on Geithner by David Kotok January 14, 2009 David R. Kotok co-founded... Read More
SPX Retracement > Since the lows back in November, the S&P500 ran up from 741 – 935 (intraday) or a gain of 27.3%. It has since retraced... Read More