Crude Oil = $140

Well, almost — it hit $139.89 earlier today (July contract, expiring Friday June 20th)

Crude_oil_140_july

Category: Commodities, Energy, Technical Analysis

Metals Conference: Currency, Fed policy, and Debt

Category: Commodities, Credit, Currency, Federal Reserve

Washington Post: Boom, Bust & Aftermath Part II

Anatomy_meltdown_wallst

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Part II of the WaPo Real Estate & Credit series we mentioned yesterday is out today. A few excerpts after the jump will give you a flavor of the article.

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Source:
The Bubble
Zachary A. Goldfarb and Alec Klein
Washington Post,  Monday, June 16, 2008; Page A01   html
http://www.washingtonpost.com/wp-dyn/content/story/2008/06/16/ST2008061600096.html

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Category: Credit, Derivatives, Federal Reserve, Real Estate

UK Cost of Living Increases: 9.5%

Category: Inflation

Roubini: ‘Long and Protracted’ Recession

Nouriel Roubini, professor of economics at New York University’s Stern
School of Business, talks about May retail sales, Federal Reserve
policy and the outlook for the U.S. economy. Retail sales in the U.S.
rose twice as much as forecast in May, with purchases climbing 1
percent, the most in six months, the Commerce Department said.

click for video
Nouriel_roubini

00:00 Prospects for weaker consumer in autumn
02:05 Fed to hold despite "hawkish" rhetoric
03:22 "Very pessimistic" about housing
04:32 Could be "long and protracted" recession
05:34 GDP to fall for four quarters

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Source:

Roubini of NYU Sees ‘Long and Protracted’ U.S. Recession: Video
Bloomberg,
June 12, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3myVRRgXVSY

Category: Economy, Video

Washington Post: Boom, Bust & Aftermath

Category: Credit, Derivatives, Financial Press, Real Estate

Ten Notes on Crude

Category: Energy, Weblogs

Achuthan: Recession a Bigger Concern Than Inflation

Lakshman Achuthan, a managing director at Economic Cycle Research Institute, talks with Bloomberg’s Carol Massar in New York about the outlook for the U.S. economy, inflation and consumer prices. The consumer price index increased 0.6 percent in May, the Labor Department said today. So-called core prices, which exclude food and energy, rose 0.2 percent. (Source: Bloomberg)

click for windows video
Achuthan

00:00 Recession as "primary concern" over inflation
01:03 "We do not have strong signs of a recovery."
02:50 Reasons why inflation not "out of control"

Source:
Achuthan: Recession a Bigger Concern Than Inflation: Video
Bloomberg,June 13 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az8dsAnExK9c

Category: Economy, Video

Tony Soprano Whacked

Category: Data Analysis, Television

Short-Sellers, The Ackman Approach

Via the WSJ Deals Conference:

Category: Short Selling, Video