Diane Garnick Blames Homebuyers for the Collapse
This is a rather weakass argument — why is it that after a centuries of home ownership, a century of mortgage interest deductions...
Behavioral Vulnerabilities
Nice graphic from a shop called Butler/Philbrick diagramming all manner of investor behavioral foibles: > chart courtesy of...
Individual investor sentiment the most bullish since Jan 14th
Measuring investor sentiment from the perspective of retail individuals, the AAII said bulls rose to 45.3 from 35.9, the highest since...
Starcruiser HM3 Horological Machine
From MB&F — the Starcruiser HM3 Horological Machine. The perfect watch if you happen to have £ 50,000 pounds with nothing more...
Elizabeth Warren: Why Did We Save GMAC?
The TARP oversight committee is questioning the need for a bailout of GMAC, saying the company did not pose a systemic risk to the...
Return of the Consumer?
The Ahead of the Tape column today in the WSJ suggests that the consumer is “not quite dead.” “Household net worth...
China matters
Inflation in China in Feb rose more than expected as CPI was up 2.7% y/o/y vs the consensus gain of 2.5%. It is the fastest gain since...
Time to Regulate Derivatives (like every other financial...
What is it about derivatives that makes otherwise rational humans become so damned stupid? There is no need to over-complicate this; a...
Enlisting Federal Employees Could Cut U.S. Budget Deficit
Good Evening: U.S. stocks continued their recent advance today, and the benchmark S&P 500 has now posted positive closes in eight of...
Wednesday Reads
Some eclectic items worth spending precious time with this afternoon: • 10 Years After: A Look Back at the Dotcom Boom and Bust (Wired)...