Thursday Reads
Here’s what caught my eye today: • Economists Say Many Lost Jobs Won’t Return (WSJ) • Wall St.’s Biggest Bonuses Go to...
FT Explains Proposed Bank Reforms
The FT takes a look at the far-reaching proposals for overhauling Wall Street by President Obama via this nice animation: > click for...
Indebtedness of Various Sovereigns
Dylan Grice put out an informative piece this morning, titled Government hedonism and the next policy mistake. A a few charts — and...
Andy Xie: Steering Out of a Smash-Up No One Wants
U.S. President Barack Obama dramatically altered policy direction during his first State of the Union address by announcing plans to...
Strategic Non-Foreclosure Becomes Official Policy
One of my favorite bizarre twists on the credit crisis and housing collapse has been the concept of Strategic Non-Foreclosures. I usually...
Initial Jobless Claims fall more than expected
Initial Jobless Claims totaled 440k, 25k below expectations and bucks the trend over the last few weeks that saw unexpected increases. It...
Kumbaya my Lord, Kumbaya…
Kumbaya my Lord, Kumbaya, Someone’s singing Lord, Kumbaya…Someone’s laughing…Someone’s...
Bernanke’s Greatest Hits
Nice collection of Bernanke’s public comments, amounting to his cherry picked track record: This video should make people think...
Who Would Buy “Systemic Risk Insurance” from Citi?
An anecdote: Around late 2002, I became aware of a new structured product. It went by various brand names, but the generic...
Eyes on Greece; Ears on Bernanke
Good Evening: U.S. stocks traded both higher and lower in a fairly narrow range on Wednesday before finishing mixed. Investors spent much...