Dubai, Greece remain under pressure but US$ doesn’t benefit
The two sovereign problem children remain under pressure this morning. Dubai’s stock market fell another 6.4% and is down 27% over...
Volcker: Only Financial Innovation Has Been “ATM...
“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of...
Whoops! Japan Overstated GDP by 300%
Wow, quite the cock up: The initial estimate of Japanese economic growth of 4.8% original was revised to 1.3%. That is a revision that...
Available Labor Rate Increases To 10.2%
Another brilliant piece of parody, via The Onion: “In what is being touted by the Labor Department as extremely positive news, the...
WSJ: Are Humans Responsible for Climate Change?
Wow, the results of this WSJ poll was surprising: > chart courtesy of WSJ > And they teed up the poll with this description: This...
Tuesday Reading 12.08.09
A few items that have caught my eye: • Yale’s Jeffrey Garten: We must get ready for a weak-dollar world (FT) • Why cheap oil...
Climate Skeptics vs Scientific Consensus
I love information, and I especially appreciate a good depiction of information. This ginormous graphic, from Information is Beautiful,...
3 yr note auction goes well but no different than expectations
The $40b 3 year note auction was about in line with expectations and the recent average. The yield at 1.229% was a touch above where the...
Hanson: 20 Million Borrowers in Imminent Risk of Delinquency
Most look to loan type and equity position as two of the most important factors when forecasting loan default. In fact, I believe that...
Its All Greek To Me
The European view is from a major trading desk morning comment, where the author cannot be cited: ~~~ I’ll dispense with the usual...