Too funny
S&P Falls to 2 Month Lows
Markets moved downwards on light volume — the Dow and the S&P each lost ~2%. Nasdaq was the big loser for the day, falling...
What if the Fed were a Bank?
What if the Fed were a Bank? By Bob Eisenbeis and David R. Kotok July 7, 2009 Bob Eisenbeis is Cumberland’s Chief Monetary Economist....
Wall Street Cheat Sheet
> I did an interesting interview with Damien Hoffman of Wall Street Cheat Sheet — most of the questions he asked were not the...
Afternoon Reading
Some interesting items that caught my fancy: • Picks and Pans From Market Pros (WSJ) • Study: Many Mortgage DefaultsAre Intentional...
Hearings on Independence of the Federal Reserve, and...
One of the friends of TBP on Capitol Hill sent a note yesterday about two important hearings before the House Financial Services...
3 year note auction
Following an almost 50 bps drop in yields over the past month, the $35b 3 year auction was mixed. The yield was almost 3 bps above where...
S&P500 vs CDs (1994-2008)
Imagine two people who added $10,000 to their investment accounts on January 1st, every year for the past 15 years. One of them is risk...
The King Report: Goldman’s Magic Software
> We are stunned – no, we’re shocked, shocked over the following admission from an Assistant US Attorney about the theft of...
Home-Equity Loans Record Delinquency Rate
There have been 6.5 million jobs lost since the recession began in December 2007. Another 2.5 million formerly full time employees have...