New-Home Sales Tumble 45% This is a brutal number: New Home Sales fell last in December 2008 to the lowest level on record — a seasonally adjusted annual... Read More
Bailout Rate of Return: -1,096% Time magazine looks at the TARP, and does some quick number crunching. Since the Tarp was jammed through in October, Treasury has... Read More
Interview with George Soros Live! From World Economic Forum in Davos, Switzerland Bloomberg, January 28, 2009 Read More
LEI: Uptick Unsustainable > My fishing pal and eel skinner Martin Barnes writes: The Conference Board’s leading economic indicator (LEI) ticked up in... Read More
Greed + Incompetence + A Belief in Market Efficiency = Disaster I love this excerpt from GMO’s quarterly update, by Jeremy Grantham: > 1. The Story So Far: Greed + Incompetence + A Belief in... Read More
The Moral Hazard of the “Bad Bank” I’ve been closely following the various (new & improved!) bailout plans for the big banks — from the modified TARP to the... Read More
NYU’s Roubini: “Nowhere to Hide” from Global... Nouriel Roubini of NYU’s Stern School of Business is making fresh headlines, as he’s forecasting an even more dire outlook for... Read More
Treasury Plan Lifts Hopes; Fed Disappoints Good Evening: Our capital markets had a lot to chew on today, and different markets may have offered hints with regard to near term... Read More
The Battle for the Arctic Scientists from the U.S., Canada and Russia race to map the Arctic Ocean under the looming deadline of a UN treaty. Adapted from a one... Read More