Michael Burry: “Inside the Doomsday Machine”

Michael Burry: “Inside the Doomsday Machine with the Outsider who Predicted and Profited from America’s Financial Armageddon”

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Category: Video

Are Oil Prices Driven by Speculators?

> Fascinating chart above via David Wilson of Bloomberg. It very much suggests that while Speculators may not have been the prime mover on the 2008 Oil peak, the specs seem to be a very large portion of the current push. By comparing the net number of contracts owned by non-commercial oil traders (Source: Commodity…Read More

Category: Derivatives, Energy, Trading

Beige Book as expected/price pressures; 10 Year Auction

The Fed’s Beige Book said the economy “generally continued to improve.” “While many Districts described the improvements as only moderate, most Districts stated that gains were widespread across sectors…Manufacturing continued to lead…often with reports of increased hiring…Most Districts experienced at least slight gains in consumer spending (NY cited robust sales)… Business services improved in most…Read More

Category: MacroNotes

Sheinkopf: Deficits Matter, But Won’t Hurt Obama in ’12


Deficits DO Matter, But Won’t Hurt Obama in 2012, Democratic Strategist Hank Sheinkopf Says
Stacy Curtin
Daily Ticker, April 13 2011

Category: Video

Musicians@Google: WNYC’s Radiolab + Zoë Keating

Jad Abumrad and Robert Krulwich, hosts of WNYC’s ‘Radiolab’, join avant-cellist Zoë Keating for a discussion on the creative process. For more information about WNYC’s Radiolab, please visit http://radiolab.org For more information about Zoë Keating, please visit http://zoekeating.com/ This event took place on March 25, 2011 at The Googleplex in Mountain View, CA. Hat tip…Read More

Category: Weekend

Superboom Chapter

Somehow, the chapter to Superboom did not upload — I just fixed it now. Its here.

Category: Markets

The Cost of College

From Zen College Life comes this bigass infoporn on the costs associated with getting a college degree. > click for larger graphic

Category: Consumer Spending, Digital Media, Inflation

What is REALLY Rising/Falling in Price: Items +/- 5.0

The link to John Melloy’s post in our early reads caused a bit of a stir. Sure John Williams is a bit controversial, but he has been hammering on the “Official Data Understates Inflation” for decades now. Sometimes, it helps to shift your perspective ever so slightly to get a better view on things. The…Read More

Category: Consumer Spending, Inflation, Psychology

Hoenig: The New GSEs Are Citi, Bank of America

“We allowed these commercial banks with special federal protections over a decade to increase their risk profile greatly. And thus we increased the fragility of the system.” “You’re subsidized GSEs; You’re public utilities for goodness sakes.” -Thomas Hoenig, Kansas City Federal Reserve President > At yesterday’s National Association of Attorneys General meeting, the speaker who…Read More

Category: Bailouts, Federal Reserve, Regulation

Interest On The Debt

Category: Taxes and Policy, Video