The Zero Yield Economy We mentioned this yesterday as it happened, but Treasuries traded down to previously unseen yields. The 3 month T-bill went negative... Read More
Interview with Harvard University Professor Martin Feldstein Good long (14 minute) interview with Martin Feldstein: Feldstein Discusses: Auto Bailout Near Agreement, How to Fix the Housing Market as... Read More
The Walking Zombies of Wall Street WSJ’s Dennis Berman tells colleague Evan Newmark that although tens of thousands of people have managed to hold on to their jobs,... Read More
Capitalist Fools Terrific piece in Vanity Fair by Nobel prize winner Joseph Stiglitz. I especially love the accompanying art work nearby. Stiglitz is da... Read More
Oracles of Doom This is apparently Media week: There is a fun piece in NY Magazine about the guys who “got it right” this year. I am... Read More
4 Week T-Bill = 0.000% The results from the just reported 4 week bill auction reveals a yield of 0.000% and that is not a misprint. The auction last week... Read More
Analyze Geographic Data UUorld (pronounced “world”) is a 4-dimensional mapping tool that — its a way cool software program that allows you to... Read More
Why Are Banks So Different From Autos? This is such an . . . odd quote .. about the auto bailout in the NYT: “Not since Harry Truman seized America’s steel mills in... Read More
FOMC Revolt ? Interesting FOMC fight developing over the powers of the Chairman versus the governors: “Federal Reserve’s interest-rate target... Read More
Detroit Bailout; Ford Opts Out? As we noted Saturday morning, the $15B Detroit bailout is moving ahead. The preliminary deal looks to be a a loan, plus supervision and... Read More