Goldman S@#%$
Goldman Sachs addresses the systematic problem within its culture by announcing a zero-tolerance policy for profanity in employee...
Total Securitization of Consumer Loans
I honestly have no idea what this means, but jeez, how is this for some cliff diving: > Chart via St. Louis Fed > This is what the...
UoM a touch better/stock reaction
The final July UoM confidence # was slightly better than expected at 67.8 vs the forecast of 67 and is up from the preliminary reading of...
Monkey Economics
Over the past few years, I have increasingly taken to referring us humans as “Slightly smarter, pants wearing primates.”...
July economic data
July Chicago PMI was a stronger than expected 62.3 vs the consensus of 56, up from 59.1 and is a 3 month high. New Orders rose 5.5 pts to...
A Monkey Economy As Irrational As Our Own
Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of...
REAL Q2 GDP below forecasts but NOMINAL better
Real Q2 GDP rose 2.4% vs expectations of 2.6% but Nominal GDP was better, up 4.2% vs the forecast of 3.7% as the price deflator rose...
WSJ The Big Interview: Rahm Emanuel
White House Chief of Staff Rahm Emanuel characterized the relationship between the administration and the business community as...
Hank Paulson: Blame Crisis on FHA/GSEs
Hank Paulson, the criminally inept Treasury Secretary who shoveled trillions of taxpayer dollars to insolvent banks, facilitated the...
Wyly Brothers: SEC Complaint on $550 Million Fraud
This might generate a bit of buzz tomorrow via the FT: Wyly brothers accused of MASSIVE insider scandal (how is it that the FT scoops...