Posts filed under “Financial Press”

Afternoon Reading

Somethings I have bookmarked for later today:

ZeroHedge: Q1 Bank Trading: Only Interest Rate Derivatives (Make That Goldman Sachs)

New Yorker: Sheila Bair and the White House financial debate.

The LA Times: Personal bankruptcies surge in Southern California
The region had the nation’s biggest percentage jump in 2008, and the number this year through April is up 75% despite a 2005 rule overhaul aimed at curbing filings by those who would benefit unfairly.

Vanity Fair: Did the Sons Know?

San Francisco Fed on the Jobless Recovery Redux? “Our analysis generally supports projections that labor market weakness will persist, but our findings offer a basis for even greater pessimism about the outlook for the labor market. Specifically, we suggest that the relatively low level of temporary layoffs and high level of involuntary part-time workers make a jobless recovery similar to the one experienced in 1992 a plausible scenario.

OCC Report: Bank Trading and Derivatives Activities: Q1 2009

Comstock Partners: Why the Economy Will Remain Weak: The key factor to consider is that the current recession was caused by a credit crisis following an artificial boom and therefore bears more resemblance to the great depression following 1929 or Japan after 1989.than it does to the series of recessions experienced in the post World War ll period.

Bloomberg: Record Correlation Hints Herd Collapse: Investors are moving in lockstep like never before, driving up stocks, commodities and emerging markets and risking a replay of last year, when they all plunged the most since World War II.

Reuters: Big Finance reverting to bad old ways — No sooner has the financial system begun to stabilize than Big Finance is reverting to its old ways — aggressive hiring, remuneration on steroids, wriggling out of regulation or threatening to decamp to evade tougher supervision. These are is not the rantings of some crypto-Marxist City-basher, but the considered view of one of Europe’s most thoughtful financial regulators.

Freddie Mac June 2009: Update shows foreigners continue to dump agency paper. US primary dealers hold a record $368B of agency, MBS, Treasury and corporate debt, most of which has a maturity of less than three years.

Karl Denniger, citing S&P mini-futures, asks, ‘where is the SEC’ on the blatant front running?

●  Scientific American: The Science of Economic Bubbles and Busts

BBC Magazine: Giving up my iPod for a Walkman. The Beeb gives a 13 year old boy a Gen 1 1980 Walkman for a week:

“It took me three days to figure out that there was another side to the tape. That was not the only naive mistake that I made; I mistook the metal/normal switch on the Walkman for a genre-specific equaliser, but later I discovered that it was in fact used to switch between two different types of cassette. Another notable feature that the iPod has and the Walkman doesn’t is “shuffle”, where the player selects random tracks to play. Its a function that, on the face of it, the Walkman lacks. But I managed to create an impromptu shuffle feature simply by holding down “rewind” and releasing it randomly – effective, if a little laboured.”

Category: Financial Press

Podcast Spotlight: Understand the Economy

> How much do you really understand about the the world of money, banks, and global trade? These podcasts take you beyond the screaming headlines and wobbling stock prices to show how the economy really works: NPR: Planet Money Bloomberg: On the Economy Marketplace Whiteboard The World: Global Economy The Big Money The Economist BBC’s…Read More

Category: Financial Press, Podcast, Web/Tech

Fixing FinTV Redux

I was surprised how many sites linked to my little diatribe on How to Fix Financial Television last week. There were a wide ranging assortment from market blogs to Fortune to Crooks & Liars; Even Forbes reran the entire piece. Dear John Thain had a good post on the subject this weekend, Making the Financial…Read More

Category: Financial Press

Random Linkage

A few interesting items that caught my eye this weekend: • Banking’s revisionist history (The Economist) • Paul Krugman’s fear for lost decade (Guardian) • Joseph Stiglitz on Wall Street’s Toxic Message (Vanity Fair) • No, We’re Hardly Another Zimbabwe (Barron’s) • Looking (unsuccesfully) for the economic recovery everyone seems to be talking about (econbrowser)…Read More

Category: Financial Press

Forbes: How To Fix Financial Television

How To Fix Financial Television was carried on (That’s the author photo — I look like a  tough guy crime reporter. Only not so much in real life)

Category: Financial Press, Media

Schiff the Communist?

Peter Schiff was on The Daily Show last night — and they ran a hilarious compilation of his various appearances, with hosts essentially laughing at him. Does anyone remember what show/host called him a communist/socialist ? Anyone have a link to the video ?

Category: Financial Press

Googlenomics Explained

Terrific article in this month’s Wired on Google’s secret sauce. “The microeconomics of Google is more complicated. Selling ads doesn’t generate only profits; it also generates torrents of data about users’ tastes and habits, data that Google then sifts and processes in order to predict future consumer behavior, find ways to improve its products, and…Read More

Category: Financial Press, Technology, Web/Tech

DealBreaker, Charlie Gasparino & Me

Following my earlier post How to Fix Financial Television, I recieved the following email from the well regarded Bess Levin of Dealbreaker: Someone (can’t say who) at CNBC said, regarding your how to fix financial television piece, “Barry couldn’t fix the tampon up his asshole.” Anything you’d like to say share in response? Thanks! As…Read More

Category: Financial Press, Media, Psychology

On Rukeyser, Financial TV, and CNBC

A smart observer of Business Television writes: The answer to the question was buried in the comment on Rukeyser comment on #9. Louis was by all accounts a genuinely snarling ass of a person but he had an informative show. The two were inextricably linked. Louis didn’t suffer fools, a population he defined as “everyone…Read More

Category: Financial Press, Think Tank

How to Fix Financial Television

Over the past 5 years, I have appeared on various Financial TV shows over a 100 times. But I am also a huge consumer of financial news, in print, on the web, radio, and of course, TV. Being on both sides of the camera gives me a fairly good perspective on what does and doesn’t…Read More

Category: Financial Press, Television