Given all of the 1 year AIG/Lehman Brothers look backs, I am pretty much everywhere these days:

They Said What? Meltdown Milestone (Barrons)

http://online.barrons.com/article/SB125270806262904717.html

Financial crisis: 1 year later (Singapore The Straits Times)

http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_428544.html

AFTER THE FALL (Financial Post)

http://www.financialpost.com/story.html?id=1987721

Market poised to parachute down, not free fall (The Real Deal)

http://therealdeal.com/newyork/articles/market-poised-to-parachute-down-not-free-fall/

Down to Business Podcast (Kingworld)

http://www.kingworldnews.com/kingworldnews/Broadcast_Business/Entries/2009/9/11_Down_to_Business_with_Barry_Ritholtz.html

Tomorrow, Good Morning America, 8:30 am, then Monday morn, Morning Meeting MSNBC at 10:00 am

If I’m sick of hearing me, you must be too!

Category: Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “Media Roundup”

  1. Chief Tomahawk says:

    BR, we will have only had too much when the “Barry Ritholtz” bobblehead doll makes the rounds…

  2. bill carpenter says:

    I’ll buy the first one.

  3. investorinpa says:

    BR, I think ya meant “look backs” not lok backs.

    Isn’t it too soon to have look backs anyways? I think the notion of the look back is inconsequential..very few people remember the exact day LTCM collapsed, Black Monday (they know the name, not the date), etc. For some reason, financial crashes don’t seem to ever have a firm “date” that resonates with the general public. My bet is that it would take people 7-10 guesses to try to remember when Lehman Bros collapsed happened.

    ~~~

    BR: Fixed

  4. flipspiceland says:

    What the article did not disclose is how much Fuld still has left after his and his henchpersons walked off with billions in bonuses, salaries and perks.

    WSJ has detailed listing today of WHAT IS KNOWN that he has left including a “sprawling ranch-style home in Sun Valley, the $40,0000,000 paycheck in 2007 (didn’t get any severance in 2008, poor lad), the $500,000 and change he got for his Lehman shares, his $14,0000,000, 10,000 Sq Ft. home on Jupiter Island, FL, his Connecticut primary residence (value undisclosed but no hovel, that) the drawings he sold in November for $13.5 million, and the Park Ave. apartment he sold last month for $25 million, hiding assets assets left and right and by ‘selling’ his Floriday home to his wife for a ten-spot.
    (Track that cash, lawyers, because you can bet he aint’ keepin it in any U.S. bank.)

    There is no listing of the ‘compensation’ he was paid in the back story years for putting Lehman into the toxic dump.

    This is a man who claims he doesn’t understand what happened and is back in business.

    Too bad there really is no god because if there were she would surely have already found another home for this rat bastard in Lucifer’s conodminiums.

  5. personally, I found this: http://news.google.com/news?hl=en&source=hp&q=%22Barry%20Ritholtz%22&um=1&ie=UTF-8&sa=N&tab=wn
    to be fascinating..

    hadn’t done it, before, amazed at the quantity of others that lever BR’s starting points into their own columns..among other things..

    though, w/that, it seems that ‘the marketplace’ isn’t as sick of BR as BR might imagine~~

    ~~~

    BR: That was Dan Gross’ compliment — I was a media muse, throwing out ideas that eventually become MSM columns by others . . .

  6. investorinpa says:

    Interesting that the story about a possible trade war starting between the US & China is not getting much airplay this weekend in light of the tea party vs. Obamacare media battle.

    http://contraryriches.blogspot.com/2009/09/trade-wars-between-china-us.html

  7. JusTryinTaMakeIt says:

    I was too late to comment on the depression vs deep recession debate, so I guess I’ll do it here.

    I have been tumbling some numbers, and I think that you could say in certain sectors we are definitely in a depression. However, if hypothetically whenever someone is unemployed, you give them $20,000 in benefits, no one will feel like there is a depression.

    Here are some numbers:
    1. In 1948 86% of males over 16 were employed and there was about 4% unemployment, so you could say 90% of men were in the job market. Today only 65% of adult men are employed. So you could argue that unemployment among adult men is 25%.

    2. Since the start of the decade we have lost 35% of all manufacturing jobs. If those individuals still consider their occupation in manufacturing, their unemployment rate is over 35%.

    3. In the past YEAR we have lost 18% of construction jobs, 15% of production (i.e. mftg) jobs, and 10% of transportation jobs. So if you are in those fields, you probably feel that there is a depression.

    Of course if you are a lawyer or in the medical field, work for the government, you probably feel that the government is running at full employment.

  8. JusTryinTaMakeIt says:

    Correction of last post:

    Last phrase should be “you probably feel that the ECONOMY is running at full employment”.

    Just musing on those observations, where is the former blue collar guy going to try to find work? State trooper, fire fighter, military? I don’t know how many jobs there will be for him in the growth industries that have been identified in this blog in the last few days. It would be nice if Obama addressed these issues head on, instead of just saying, ” I know a lot of people are out there suffering these days, but we have turned the corner”.

    The 2 biggest travesties of domestic policy over the last decade were to allow house prices to double in 7 years while increasing the housing stock by 12 million given a flat economy. This was disaster just waiting to happen. And permitting the loss of 35% of manufacturing jobs (along with related office and management jobs) without a real plan to retrain and reemploy these people.

  9. http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6179033/Lehman-is-a-footnote-in-the-great-East-West-globalisation-crisis.html

    The housing crash has tipped 15m US home owners into negative equity. A third of sub-prime mortgages are in default. Some 7.8pc of all loans backed by the Federal Housing Administration are in foreclosure or 90 days in arrears. This is why the US Treasury had to seize Fannie Mae and Freddie Mac, the $5.3 trillion pillars of US housing. It is not a liquidity crisis. It is a bankruptcy crisis.
    Foreclosures reached 358,000 in August alone. More Americans are being evicted each month than during the entire Depression year of 1932. This is not to pick on America. Variants of the bubble occurred across the Anglosphere, Scandinavia, Holland, Club Med, and east Europe. Defaults will hit with a lag in Europe, but hit they will. The IMF expects global banks to lose $2.5 trillion by next year. So far they have confessed to $1 trillion.
    We know why the bubble occurred. Call its Greenspanism. Central banks rescued assets each time there was a hiccup, but let booms run unchecked. They pulled “real” rates ever lower, creating addiction to monetary stimulus. Larger doses were required with each cycle, until we hit zero, and it is still not enough. Debt burdens rose to records across the OECD.
    Couldn’t they see that this was cheating: stealing from the future? No, they were seduced by “inflation targeting” – watch goods, ignore assets – just as cheap imports from China rendered the doctrine obsolete. It always takes ideology to consummate massive error.