Masters of the Universe
By Barry Ritholtz - December 13th, 2008, 11:23AM
Some bailout music to rock out to:
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
Macro Notes
CFTC data, euro net shorts fall 38%Peter Boockvar
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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December 13th, 2008 at 12:12 pm
In case you missed this….
Thomas Jefferson on Banks’ Fictitious Capital – an excerpt from a Thomas Jefferson letter in 1819
http://paul.kedrosky.com/archives/2008/10/15/thomas_jefferso.html
December 13th, 2008 at 12:27 pm
Supposedly Greenberg was a Madoff client.