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,...
More Poverty = More Religion
Religion has a surprisingly high correlation with poverty, according to a Gallup survey conducted in more than 100 countries. The more...
Annotated Gold Chart
Interesting chart forwarded to me by GW — I am not sure precisely what to make of this: > click for larger graph Source: Gold Daily
International Banking System Linkages
Fascinating chart in the BIS Quarterly Review that helps to explain how any banking crisis can go viral, infecting the entire globe: >...
The True Cost of the Bank Bailout
Interview with Bob Ivry of Bloomberg News, who led a reporting team on an award-winning series of articles showing the true cost to the...
IT’S A DEPRESSION
Some of you have intimated that I have become too chipper lately, and that lowering our cash position from ~86% to ~50% can only be the...
Economic data looks good
Initial Jobless Claims were much better than expected at 451k vs the forecast of 470k and down from 478k last week (revised up by 6k)....
Some Folks Should Not Post on the Economy
Invictus here. Been a while. Been a bit busy and, frankly, not much to say of late. As a general rule, I’d say that folks should...
Greek 2 yr yield breaks below 10%
The Greek 2 yr note yield is below 10% for the 1st time since mid Aug after a story that Norway continues to buy Greek debt along with...