Quote of the Day: Fair Value Accounting
> Wachovia went out with a book value of $75 billion. Citi paid $2 billion. Could it be that asset values are overstated, not...
SEC: Brokerage Collapse Was Our Fault
The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a...
Take this weekend off, Hank
Today’s MSM article worth reviewing is a pair of opinion pieces from across the pond: The first is the delightfully titled Take...
Level Three Assets: Banks & Brokers
Three terrific charts on Level 3 assets — these are the difficult to trade/value/sell junk. Check out Citi, and Fannie &...
Murdoch & the WSJ Editorial Page
Most sane investors know not to take anything at face value from the rabid idealogues who live in the WSJ Op-Ed section. But...
Real Versus Nominal SPX Returns
Interesting chart from Art laffer, the father of Supply Side Economics and a regular guest on Kudlow.
Favorite Posts 2004
2004 Augmented Unemployment RateJanuary 10, 2004 Global Synchronized Boom January 14, 2004 Is the...
Favorite Posts 2003
Not-So-Hidden Agenda: Strategic and Economic Assessments of Middle East Pre War Analysis, March 19, 2003 The New “Productivity...
Well Contained
Kevin Depew of Minyanville sees the usage of "Well Contained" spilling over into other areas: Every day we fire up the...