The Big Picture

Here is a blast from October 2008 past: This chart as to who were the underwriters of the subprime loans. Federal Reserve Board data...

Songs From ‘The Promise’ (Live) Bruce Springsteen & The E Street Band Mad props to David Wilson

Bianco on Mutual Fund Flows: • The Wall Street Journal – Investors Pull Cash Out of Bond Funds Mutual-fund investors continued to...

These two charts paint a devastating picture of the US housing market. Its not just that the market value of US residential real estate...

All last year, I kept getting emails from people asking me: “Why do you keep hammering on these issues? Why do you beat up on...

Before I quickly comment on Housing Starts, Bankrate.com last night said the average 30 yr mortgage rate jumped 19 bps to 5.19%, the...

The cost of funding for Spain continues to rise as they sold 10 yr and 15 yr paper. The 10 yr was priced to yield 5.45%, 83 bps above the...

I never wanted to write Bailout Nation. That only came about after Bear Stearns collapsed. McGraw Hill approached Bill Fleckenstein to do...

Today’s exercise is cognitive dissonance and ideological foolishness: Financial Crisis Primer

> Seinfeld – The Complete Series: This is simply one of the funniest television series in TV’s history. Its $250.95, but...