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
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
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
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
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.
‘The economics of lunacy’: Blanchflower warns against austerity
Daniel Grote | 14:17:26 | 15 January 2010
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? >