Succinct summation of week’s events:
Positives 1) Greek officials reiterate commitment to deficit targets, Norway buying more Greek debt, 2 yr yields fall below 10% for 1st...
Advanced/Emerging Countries in Financial Distress, 1980-2010
Today’s chart of the day comes to us via Reza Moghadam, who writes at IMF Direct. The chart makes it readily apparent that the...
July Wholesale Inventories rise more than expected
Following yesterday’s lower than expected Trade Deficit which will lead to upward revisions to economists Q3 GDP forecasts,...
Smackdown: Paul Kasriel vs Michael Boskin
We at the Big Picture have never been fans of economist Michael Boskin. The infamous Boskin commission was an intellectually dishonest...
Making Money from Municipal Waste
Frederick Sheehan is the co-author of Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve. His new book, Panderer for...
David Stockman Says Banking System Remains at Risk
David Stockman, a former budget director in the Reagan administration, talks about about the state of the banking system. Stockman,...
Greek 2 yr yield falls further and other stuff
The Greek 2 yr yield is falling again and is now around 9.5%, a one month low. Greece wants to issue next week 900mm euros of 6 month...
Less Cash, More Equity
I have a quote in today’s Ahead of the Tape column in the WSJ regarding the improving tenor in the markets post-August: “The...
CrowdQuery: Was Obama Too Cautious During Panic
> Martin Wolf, who has been more right during the period leading up to the crisis, and thereafter, than anyone else I can think of,...