Posts filed under “Really, really bad calls”

Books in the Queue

Not too long ago, I finished Justin Fox’s Myth of the Rational Market. I’m about halfway through Scott Patterson’s The Quants.

I have the following lined up in my queue:

• Roger Lowenstein’s The End of Wall Street

• Steven D. Levitt and Stephen J. Dubner’s Super Freakonomics

• Michael Lewis’ The Big Short

• Yve Smith’s Econned

• Liaquat Ahamed’s Lords of Finance

I am interested on any feedback you might have regarding any or all of these . . .

Category: Bailouts, Markets, Quantitative, Really, really bad calls

Are Defaults Really Driving Retail Spending?

Every now and again, I see an economic commentary that is so ass backwards, I am compelled to call it out. Today is one of those occasions. The commentary in question comes from the usually astute Housing Wire. Paul Jackson makes the case that voluntary mortgage delinquencies are driving retail sales. I disagree. ~~~ Our…Read More

Category: Analysts, Credit, Real Estate, Really, really bad calls

The Only Tea Party Stat You Need to Know

There is a huge CBS/NYT poll and article (Poll Finds Tea Party Backers Wealthier and More Educated) about the tea party members. I was not surprised to read they skew older, white, Republican, better educated and higher income than the average American. I was surprised to read they favor Social Security and Medicare. Towards the…Read More

Category: Politics, Really, really bad calls

Michael Specter: The danger of science denial

Vaccine-autism claims, “Frankenfood” bans, the herbal cure craze: All point to the public’s growing fear (and, often, outright denial) of science and reason, says Michael Specter. He warns the trend spells disaster for human progress. hat tip boingboing

Category: Really, really bad calls, Science, Weekend

Amazon Rocks; Electronics Expo Sucks!

You may recall back in February, I noted the ole Sony tube TV in the bedroom, after 17 years, finally bought the farm. I stumbled across a Sony Bravia V-Series KDL-40V5100 40-Inch 1080p LCD Flat Panel HDTV & Sony BDP-N460 Blu-ray Disc Player Bundle on Amazon for sale by Electronics Expo for $853. The delivery…Read More

Category: Consumer Spending, Really, really bad calls

Hudson Castle: Lehman’s Secret Risk-Shielding Tricks

The NYT digs up a secret Lehman Brothers memo about Hudson Castle — part of a financial system that enabled banks to exchange investments for cash to finance their operations — and mislead investors to make their finances appear stronger than they actually were. NYT: Critics say that such deals helped Lehman and other banks…Read More

Category: Bailouts, Really, really bad calls

Plummeting Death Reform

Very funny, from new Pulitzer prize winner Mark Fiore: click for video Hat tip Barry2

Category: Bailouts, Humor, Really, really bad calls, Weekend

Dow = 11,000. Discuss.

Go figure – Over the past 13 months, the Dow has regained nearly 4500 of the 5000 points it shed in the six month following the collapse of Fannie Mae, Lehman and AIG. You can debate amongst yourselves whether this is proof that a) Capitalism works; b) Government intervention is more successful then popularly realized;…Read More

Category: Markets, Really, really bad calls, Trading

Declining Bailout Costs or Bad Math ?

There is a bizarre article in this morning’s WSJ. It declares that the bailouts will cost less than initially feared. It is notable not for what it includes, but what it managed to completely ignore. The 2008 Emergency Economic Stabilization Fund passed by Congress was over $700 billion dollars — not $250B. There is no…Read More

Category: Bailouts, Financial Press, Really, really bad calls, Regulation

10 Psychological, Valuation, Adapative Investing Rules

This morning’s post discussing Floyd Norris front page NYT column generated even more pushback than I expected. I am always trying to create rules to help make better investment decisions and fight against my own wetware.  The earlier comment stream led me to these ten ideas; ignore them at your own risk: • Whether a…Read More

Category: Apprenticed Investor, Markets, Psychology, Really, really bad calls, Valuation