Very funny WallStrip riff on a classic SNL bit . . .
Where was the Bubble: Houses, Rates or Credit?
One of the things I have consistently pointed out was that the so-called Housing Bubble was in reality two bubbles: Credit and Interest...
“Is this any way to run a modern-day world economy?”
Amusing commentary by Stephan Roach, chairman, Morgan Stanley Asia. It appears that Mr. Roach is less than sanguine about the global...
October 1987
Asian bourses are down 1.75 – 2% as of this moment — might this be a coincidental forewarning on the 20th anniversary of the...
Only TV Reporter at the 1987 Crash
There is a terrific narrative by Jan Hopkins (Live From New York), who was the only reporter on the floor of the NYSE the day of the...
Thin Trading: Fed Fund Futures and Antique Watches
Yesterday, Traders embraced the release of the FOMC minutes. Indices were flat up until just before the 2:00pm release, and then took...
Are Markets Always a Discounting Mechanism ?
On Kudlow & Company last night, Doug Kass and Larry got into a debate (with Art Laffer refereeing) as to whether markets are a true...
Buffett to Buy Bear? Bull$%*# !
Yesterday, the NYT floated a rumor that Warren Buffett was considering taking a stake in Bear Stearns. Have a read of the actual flailing...
Bernanke Blinks
FOMC Chair Ben Bernanke surprised me (and apparently, quite a few others) by slashing both the Fed Funds Rate and the Discount Rate 50...
Nine Reasons the Feds Can’t Save Stocks
Über-bear Doug Kass outlines his views on why, regardless of what the Fed’s actions are this week, their impact on equities will...