Posts filed under “Really, really bad calls”

1930: “Money on the Sidelines”

This is from “News from 1930” website

“There’s a large amount of money on sidelines waiting for investment opportunities; this should be felt in market when “cheerful sentiment is more firmly intrenched.” Economists point out that banks and insurance companies “never before had so much money lying idle.”

-August 28:, 1930

The more things change . . .

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Source:
“News from 1930” website

http://newsfrom1930.blogspot.com/2009/08/favorites-of-week-august-25-august-30.html

Category: Financial Press, Really, really bad calls

Barron’s Bad Book Recommendations

I try to follow the advice “Never pick a fight with people who buy ink by the barrel full,” but every now and again, I simply cannot help myself. Today is one such an instance. Like all human beings, I am wrong on a regular basis (my wife can read you chapter and verse). However,…Read More

Category: Really, really bad calls

Defining Recessions; Mis-defining NBER

Here’s another of those articles that look so embarrassing one year later: Can you imagine an article that insinuates that the government, not an independent academic commission, was the more objective arbiter of data? That argued we should let the pols decide when recessions start and end? Insane, right? Let’s go to our WTF were…Read More

Category: Economy, Really, really bad calls

FLASHBACK: No Housing Collapse Ahead…

Blast from the past: Turmoil in the housing market has led to fears that home prices will drop precipitously, particularly if foreclosures force large numbers of homes onto the market in the coming year. Recently, these fears have driven financial stocks down and led to the government rescue of Fannie Mae and Freddie Mac. But…Read More

Category: Real Estate, Really, really bad calls

Analyzing the Analyzers

One of the more fascinating things about a crisis and its resolution is the post-mortems: The after-the-fact analyses that some folks do to explain what occurred. These analyses are fascinating for what they reveal about the beliefs, methodologies, biases and cognitive failures of the many crisis watchers. Human fallibility being what it is, we can…Read More

Category: Bailouts, Corporate Management, Credit, Derivatives, Really, really bad calls

Dear Lord, Anyone but Lawrence Summers . . .

I read articles like these with dread and horror: “As the White House begins to ponder whether to reappoint or replace Ben Bernanke when his term expires in January, the Federal Reserve chairman’s standing on Wall Street is on the rise while attacks on him from Congress mount. Treasury Secretary Timothy Geithner is expected to…Read More

Category: Bailouts, Contrary Indicators, Federal Reserve, Really, really bad calls

Most Subprime Lenders Weren’t Covered by CRA

The CRA brouhaha last year led the Orange County Register to run an analysis of “more than 12 million subprime mortgages worth nearly $2 trillion” in late 2008. What did their data based analysis discover? “Most of the lenders who made risky subprime loans were exempt from the Community Reinvestment Act. And many of the…Read More

Category: Bailouts, Credit, Legal, Real Estate, Really, really bad calls, Regulation

John Carney’s Bizarre Crusade Against the CRA

What Felix Said . . .

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

Cramer Calls A Housing Bottom (Yet Again)

“The end to House price depreciation in the vast majority of areas in this country has at last arrived.” -James Cramer > Do we even need to mention the absurdity of this? James Cramer, who has called an inordinate number of Housing Bottoms since the market topped in 2005, now declares that “Housing Has Officially…Read More

Category: Real Estate, Really, really bad calls

Was the TARP a Ruse?

The rush to repay TARP monies gives us another opportunity to consider why the hell this absurd financial giveaway ever happened in the first place. A close inspection suggests some dishonesty on the part of the prior Treasury Secretary. From its inception, the TARP never made much sense. Forcing banks that did not need money…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Credit, Really, really bad calls