Credit Default Swaps and Financial WMDs
Gretchen Morgenson’s NYT article yesterday offered a good primer about Credit Default Swaps (CDS): Few Americans have heard of...
3-Day-Weekend Linkfest!
Another raucous week in the books. Following the previous week’s disaster (down 4.4%), this week’s volatility...
WTF Headline of the Day: Britain nationalizes mortgage lender...
Holy crap! Britain nationalizes mortgage lender Northern Rock Britain said on Sunday it will nationalize ailing mortgage...
Don’t Follow Wealthy Investors, Part 14
We have counseled readers time and again not to follow in the footsteps of various Billionaires, like Warren Buffett, Michael Dell, Eddie...
RSS, Email Subscriptions
I’ve been thinking about some of the things I want to with the site redesign. Along those lines, I decided to make the RSS...
Pay More, Get Less
Earlier this week, we noted a deceptive rise in Retail Sales that was driven by price increases, not sales gains. Measured in Real terms,...
Friday Night Jazz: Billie Holiday
By now, you should have some feel for my taste in music, and the wide ranging and eclectic flavors that live on my iPod. But unless you...
How SubPrime Really Works
Since its a slow Friday before a 3 day weekend, let’s have some fun. As the credit market has gone into the crapper over the past...
WTF? Feds Shutting Down Economic Data Site
Due to budgetary constraints, the Economic Indicators service (http://www.economicindicators.gov) will be discontinued effective March 1,...