Visualizing empires decline
Visualizing empires decline from Pedro M Cruz on Vimeo. Where is the spinoff of the US from Britain? Hat tip Paul
Case-Shiller Home Price Indices Fall 8.9% Yearly
The latest Case Shiller Index is out, and it fell 8.9% year over year, but rose a modest 0.3% for the month. The Home Price Index...
Confidence rises but labor market remains tough
Nov Confidence was 49.5 up from 48.7 in Oct and above estimates of 47.3 but still remains below the high this year of 54.8 in May. The...
Economic data
According to the S&P/CaseShiller HPI of 20 cities, prices fell 9.36% y/o/y in Sept, a touch more than estimates of a decline of...
Martin Wolf: Tax Windfall Bonuses
Martin Wolf wants to take bankers who are living large on the taxpayer dole, and tax them, big and hard. He gives 6 reasons: 1) Some...
CityWire: ‘Buy and hold’ is a disaster; Things are...
Here is an interview I did after my presentation in Berlin (Boy, do I look tired from the flight over). > Part I: The Week in...
After a night of binge drinking, payback time
After a night of binge drinking there is always a price to pay the next day. After extending 8.9T yuan of bank loans ytd thru Oct vs 4.9T...
CoreLogic: 1 in 4 Borrowers Are Underwater
> Here’s a stat to wake you up this morning: 23% of all mortgage borrowers in the US are underwater: “The proportion of...
Are We “Vastly Better Off Than We Were” Pre-Lehman?
“We feel like this market still has some room to move higher,” said Burt White, chief investment officer at LPL Financial in Boston,...
Bear Stearns, Lehman Execs Kept Billions . . .
Everyone knows that senior execs at Bear Stearns and Lehman Brothers were paid largely in stock, and that they lost most of their wealth...