From “West Side Story” to the modern remix, “Worst Slide Story.”
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Walt Handelsman via Newsday
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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April 26th, 2009 at 1:09 pm
Great stuff, Barry. Thanks for the link.
April 26th, 2009 at 5:37 pm
Simon Johnson and Michael Perino (who wrote about the Picora Hearing.)
I hope everyone has seen this.
Simon Johnson says of the banks, “There is an arrogance of power. They think they’ve won.”
~~~
BR: Cool — I posted an earlier interview with Simon Johnson back in February:
http://www.ritholtz.com/blog/2009/02/bill-moyers-simon-johnson-financial-crisis/
April 26th, 2009 at 7:12 pm
I listened to that Moyers interview with Simon Johnson and Perino on podcast (listen every week).
Simon Johnson is becoming my hero! Seems like he’s determined to keep beating the drum on the bank issue.
April 26th, 2009 at 7:20 pm
Whoever composed that has great musical and comedic writing talent (creatives), coupled with incisive understanding of our Markets/Economies crises and their causes…pretty cool in same person!
April 26th, 2009 at 7:26 pm
Onlooker – I agree. When Stiglitz, Warren or Johnson speak, I am a listener.
Have you checked out “The Hearing” site?
http://voices.washingtonpost.com/hearing/
Folks are posting ideas there like:
Joseph Stilitz + subpoena power might shed some light on some of what’s going on.
Barry, the entire rating agency debacle would have to be exposed. How about the timing of the bankruptcy laws to protect the credit card industry.
The taxpayer is being thrown under the bus. We elect representatives – they become beholden to banks – the end. What an obvious fiasco.
April 26th, 2009 at 8:50 pm
i was thinking maybe Spitzer? That NY AG from a couple of years ago maybe? that would certainly put the fear of god into the banksters and their friends?
April 26th, 2009 at 8:59 pm
A really amazing post by Tyler Durden regarding the recent REIT run……
http://zerohedge.blogspot.com/2009/04/is-there-reit-reverse-inquiry.html#disqus_thread
April 26th, 2009 at 8:59 pm
and here some thing else in the same vien.
http://www.kcrw.com/events/planet_money