The Week Ahead
China unleashes a slate of key economic data this week, while Hong Kong majors Swire Pacific and Cathay Pacific announce earnings....
McCain & Shelby: “Let Insolvent Banks Fail”
“Close them down, get them out of business. If they’re dead, they ought to be buried.” -Richard C. Shelby, the senior...
Ivory Tower Economics
“I don’t detect any change at all. [Academic economists are] like an ostrich with its head in the sand.” -James K. Galbraith,...
Felix Rohatyn on Government Intervention in Crises
A conversation with businessman and investment banker Felix Rohatyn about his book “Bold Endeavors: How Our Government Built...
Predicting the Future of a Housing Crisis
via NYT > Source: A Gloomy Outlook for Home Sales’ Big Season VIKAS BAJAJ NYT, March 6, 2009...
Bailing Out AIG’s Counterparties
Gretchen Morgenson joins us in looking at the bailout of AIG as a bailout of their counterparties: “A.I.G. nearly barreled off the...
The White House And The Recession
Treasury says US bank rescue could cost more than approved $700 billion Bloomberg, March 07, 2009
Words from the Investment Wise: March 8 2009
Words from the (investment) wise for the week that was (March 2 – 8, 2009) “Down, down, deeper and down”. So goes the...
Review: The Fed Model’s Flawed Valuation
A year ago (Feb ’08), I tried to explain why the (so called) Fed Model was worthless as a measure of valuation: “Note that...
The New F***ing Citibank
This is hysterical (NSFW): The New Nationalized Citibank from Funny or Die After Citibank becomes nationalized, expect to see commercials...