Angry Mob vs Greedy Bankers

The Word – Honor Bound:

The Colbert Report Mon – Thurs 11:30pm / 10:30c
The Word – Honor Bound
www.colbertnation.com
Colbert Report Full Episodes Political Humor Economy

Hat tip Bill

Category: Bailouts, Humor, Video

Please arrive three days prior to your flight

Hat tip Prof Farber

Category: Travel, Weekend

Tuesday Reads

Some interesting, unusual reads: • How the big banks rigged the market (FT) • Are stock markets still undervalued? (Telegraph)  I don’t know… • New emails show AIG mulled bank payment disclosures (Reuters) • Bad Bet: How Wall Street Lost Managed to Generate Another $100 billion in losses (Marketwatch) • Souring Mortgages, Weak Market Force…Read More

Category: Financial Press

The Anti-Fed Fact Sheet

I am not in the “dissolve the Fed” camp,  but I do think they were a major cause of the crisis and collapse due to their ultra-low rates, and nonfeasance when it came to enforcing bank lending standards. Regardless, i found this infoporn via Column Five Media to be rather interesting: > click for ginormous…Read More

Category: Federal Reserve

Jimmy Kimmel on Jay Leno’s 10 at 10

Jay Leno interviews Jimmy Kimmel via satellite for the Jay Leno Show’s Ten at Ten

Category: Humor, Television, Weekend

Home builder sentiment falls to lowest since June

The Jan Nat’l Assoc of Home Builders sentiment index fell to 15 from 16, was 2 pts below expectations and is back to the lowest level since June. Present conditions fell 1 pt to 15 but the Future outlook was flat at 26. Prospective Buyers Traffic fell 1 pt to 12 and was down in…Read More

Category: MacroNotes

The Future

Bob Lefsetz is a music industry observer, and publisher of the Lefsetz letter: ~~~ > “According to a source familiar with his thinking, Jobs has recognized that ‘mobile ads suck’ and that improving that situation will make Apple even harder to beat.” -BusinessWeek-”Apple vs. Google“ > Aren’t ads supposed to suck? Google survives, quite nicely,…Read More

Category: Music, Technology, Think Tank, Web/Tech

The economics of lunacy

Fiscal and monetary intervention has prevented a great depression, but the new political consensus on public spending cuts could send us ‘back over the cliff’ says the man who predicted the recession.

David Blanchflower, known as Danny, was one of the very few economists to anticipate the severity of the credit crunch. As a member of the Bank of England’s monetary policy committee he consistently called for rate cuts in defiance of his peers.

Video:

Source:
‘The economics of lunacy’: Blanchflower warns against austerity
Daniel Grote | 14:17:26 | 15 January 2010
http://www.citywire.co.uk/personal/-/video/other/content.aspx?ID=376986

Category: Video

S&P500 MACD

Ron Griess of The Chart Store brings us this chart showing the quandry traders face when it comes to playing the rally at this late date. Up 70% from the lows, the question is: Mere consolidation (like 2003), or end of the run? >

Category: Markets

Art Cashin on DC Gridlock


Category: Video