What are banks doing?
The question of whether banks in the aggregate are lending or not gets partially answered every Friday when the Fed releases the assets...
ABC’s This Week: Former Chairman of the Federal Reserve...
click for video > Source: “This Week” Transcript Former Chairman of the Federal Reserve Alan Greenspan ABC, October 5,...
Monday Afternoon Reading
A rather interesting and eclectic set of readings: • Inside the Crisis:Larry Summers and the White House economic team (New Yorker) •...
Andy Xie: Why One Bubble Burst Deserves Another
Former Morgan Stanley analyst Andy Xie explains why the crisis is leading to other problems, including bubbles . . . > The financial...
Investors clamor for inflation protection
The 10 year TIPS reopening auction was solid and bidding was aggressive. The yield was about 5 bps below expectations and the bid to...
THE HISTORY CHANNEL: America’s Crumbling Infrastructure
THE HISTORY CHANNEL: America’s infrastructure is collapsing. Tens of thousands of bridges are structurally deficient or...
The Unemployment Dilemma
The last recession recovery cycle was notable for how poor it was in terms of recovering jobs lost int he contraction. This cycle is...
TARP Losses: $100-200B (And Counting…)
Over the weekend, we celebrated (if that is the right word) the one year anniversary of TARP Whoopee. CNN/Money has a pair of nice...
ISM services
The Sept ISM services index hit 50.9, almost 1 pt more than expected, up from 48.4 and is the first time above 50 since Sept ’08...