Band-Aids for the Ailing Economy
By Barry Ritholtz - February 12th, 2009, 11:15AM
Nice interactive timeline via Portfolio:
This is 1935 – 2008;
The earlier version 1865-1935 is also here
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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February 12th, 2009 at 12:00 pm
In the 1860-1935 era, there were 44 years that didn’t feature a war or financial crisis/recession.
In the years that followed, up to today, I counted 18 years (out of 73) that didn’t feature a war or financial crisis/recession.
As Mel Brooks said, ‘It’s good to be the king.’
February 12th, 2009 at 6:55 pm
May the Schwartz be with you!
February 12th, 2009 at 8:03 pm
anyone notice that the House has been controlled by the Democrats for the vast majority of time the past 60 years?