Stiglitz on the Economy


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Stiglitz Says Bank Executives Too Optimistic About End to Rout

Mark Deen and Paul George
Bloomberg,  April 30 2008

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Category: Economy, Video

Wanna Bet ?

Category: Data Analysis, Economy, Financial Press

Halfway Through the House-Price Bust?

Category: Real Estate

Fooling_someEvery now and again, CNBC puts on a superlative show.  Friday morning’s Squawk Box was one of those times when they hit the ball out of the park.

As I was heading out the door to work, I heard David Einhorn of Greenlight Capital begin chatting about shorting stock, soft SEC enforcement, and Allied Capital (ALD). CNBC also announced that William Ackman of Pershing Square Capital was coming on in a while.

Einhorn discussed his presentation at Jim Grant’s conference Private Profits, Socialized Risk as well as his book, Fooling Some of the People All of the Time: A Long Short Story.

So before leaving the house, I TiVo’d Squawk, and then headed off to work. I watched the show Friday evening, and it was fantastic.  Watch the videos below and see if you agree.

• The Short & Short of It
Short selling can be good for the markets, with Owen Lamont, DKR
Fusion, David Einhorn, Greenlight Capital and CNBC’s Steve Liesman

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• Whistle-Blowing pt. 1

Activist investors face challenges convinsing regulators to face the facts, with William Ackman, Pershing Square Capital Management and David Einhorn, Greenlight Capital Management

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• Whistle-Blowing, 2

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• Hedging Your Bets

Discussing fraud on Wall St., with David Einhorn, Greenlight Capital Management president

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Fooling Some People site

The Speech

Book:  Fooling Some of the People All of the Time: A Long Short Story

Jim Grant’s conference presentation Private Profits, Socialized Risk

Category: Credit, Derivatives, Financial Press, Video

Quote of the Day: On a Great Danger Approaching

Category: Psychology

Oil Bubble?

Category: Commodities, Earnings, Energy, Psychology, Technical Analysis, Valuation

Signs of a Housing Bottom?

Category: Contrary Indicators, Real Estate

What’s Next for Crude Oil ?

Category: Commodities, Contrary Indicators, Energy, Psychology, Technical Analysis

Trichet Warns of `Protracted’ High Inflation

Unlike the Federal Reserve, Trichet and the EC are very concerned with high Inflation:

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Remember, the EC has a single charge — maintaining price stability — and is not concerned with maximizing growth . . .

Trichet Sees `Rather Protracted’ High Inflation
Gabi Thesing and Christian Vits
Bloomberg, May 8 2008

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Category: Federal Reserve, Inflation, Video

Subprime Mortgages: America’s Latest Boom and Bust

Category: Books, Real Estate