Michael Burry: “Inside the Doomsday Machine with the Outsider who Predicted and Profited from America’s Financial Armageddon”
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> 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
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
Deficits DO Matter, But Won’t Hurt Obama in 2012, Democratic Strategist Hank Sheinkopf Says
Daily Ticker, April 13 2011
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
Somehow, the chapter to Superboom did not upload — I just fixed it now. Its here.
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
“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