July 31, 2008
The first two readers to submit a correct response to the following question each win a copy of Robert Shiller's new book, The Subprime Solution. Question: Which OECD country has had the highest percentage housing price gain since the U.S....
I am eager to see the new documentary about a hero of mine, high-wire artist Phillippe Petit. Called Man on Wire, early reviews have been raves, and the 1080p trailer has been on permanent rotation this afternoon here at Casa...
A collection of Bloomberg articles today on the collective suck-itude of housing here, there and pretty much everywhere. Interestingly, the sole semi-positive news was on -- wait for it -- California housing. You have to know things are seriously surreal...
This morning on CNBC I was on a peak oil panel with Matthew Simmons. I'm a fan of his, even if I don't always agree with some of his comments, but I thought this morning wasn't one of his best...
The bearer of the bad tidings today is money manager Jeremy Grantham, chairman of GMO, who has just published the July edition of his quarterly newsletter entitled "Meltdown! The Global Competence Crisis". In short, Grantham opines: "Events must now be disturbing to everyone, and I for one am officially scared!"
With Imclone stock raging higher today on the Bristol-Meyers takeout offer, I'm think that we need an incarcerated ex-CEOs ETF. After all, Imclone ex-CEO Sam Waksal has been in jail for five years, and is getting out in August. Nice...
Hanging on CNBC right now (11am EST) and for the next hour....
