Audio/Transcript of Palin Prank Call
Not financial-related, but the audio/transcript of this prank call to vice presidential candidate Sarah Palin from a Canadian comedy duo is almost beyond belief. More here.
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November 2, 2008
Q3 Non-Prime MBS Issuance Goes to Zero
Eye-opening factoid from Inside B&C Lending:
Non-Prime MBS Issuance Hits Record Low in Third Quarter of 2008: Zero
There was no issuance of subprime, Alt A or “other” non-prime mortgage backed securities in the third quarter of 2008, the first blank quarter since the creation of the non-prime MBS market, according to the Inside Mortgage Finance MBS Database.
Russia Leads World in College Grads?
I would never have guessed this, but, according to BW/OECD, Russia leads the world in the percentage of 25-34-year-olds with higher degrees:
[via Business Week]
Sneak Peak at Weekend Reading
Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet.com. While last week in the column I had argued we were due for a big bounce higher, I can’t honestly say I thought it would be soon and so visceral.
- Capital spending cuts delay oil sands projects (Oil & Gas Journal)
- Salesforce CEO Marc Benioff still being bullish in interview (S.F. Chronicle)
- Britons are far better at frugality than conspicuous consumption (Telegraph)
- First Solar’s peek at 2009 surprisingly positive (Fortune)
- The looming super-subprime crisis: Social security plus Medicare (Fortune)
- How Las Vegas came crashing down in a frenzy of “liar loans” and fraud (Bloomberg Markets Magazine)
- Fund managers learning all sorts of new ways to say “Whoops” (WashingtonPost)
- Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed (NBER)
Random Ghana Company Factoids du Jour
I’ve been following for a few years the surprising resurgence – and I use that word advisedly -- in the Ghana economy. After being in effective collapse for some time, inflation has been declining, banks becoming more healthy, and GDP growing nicely in this resource-rich, entrepreneurial and (relatively) stable African country.
I’ll return to that subject in a future post, as I maintain that improving economies in some central African countries remains almost entirely overlooked, but today I thought I’d share a few Ghana company names. Courtesy of a piece at NewGeography:
- Man! Know Thyself (Pharmacy)
- Is Not By Might Alone (Construction)
- But Like A Chain Ventures (Hardware)
Q3 Non-Prime MBS Issuance Goes to Zero
Eye-opening factoid from Inside B&C Lending:
Non-Prime MBS Issuance Hits Record Low in Third Quarter of 2008: Zero
There was no issuance of subprime, Alt A or “other” non-prime mortgage backed securities in the third quarter of 2008, the first blank quarter since the creation of the non-prime MBS market, according to the Inside Mortgage Finance MBS Database.
Russia Leads World in College Grads?
I would never have guessed this, but, according to BW/OECD, Russia leads the world in the percentage of 25-34-year-olds with higher degrees:
[via Business Week]
Sneak Peak at Weekend Reading
Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet.com. While last week in the column I had argued we were due for a big bounce higher, I can’t honestly say I thought it would be soon and so visceral.
- Capital spending cuts delay oil sands projects (Oil & Gas Journal)
- Salesforce CEO Marc Benioff still being bullish in interview (S.F. Chronicle)
- Britons are far better at frugality than conspicuous consumption (Telegraph)
- First Solar’s peek at 2009 surprisingly positive (Fortune)
- The looming super-subprime crisis: Social security plus Medicare (Fortune)
- How Las Vegas came crashing down in a frenzy of “liar loans” and fraud (Bloomberg Markets Magazine)
- Fund managers learning all sorts of new ways to say “Whoops” (WashingtonPost)
- Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed (NBER)
Random Ghana Company Factoids du Jour
I’ve been following for a few years the surprising resurgence – and I use that word advisedly -- in the Ghana economy. After being in effective collapse for some time, inflation has been declining, banks becoming more healthy, and GDP growing nicely in this resource-rich, entrepreneurial and (relatively) stable African country.
I’ll return to that subject in a future post, as I maintain that improving economies in some central African countries remains almost entirely overlooked, but today I thought I’d share a few Ghana company names. Courtesy of a piece at NewGeography:
- Man! Know Thyself (Pharmacy)
- Is Not By Might Alone (Construction)
- But Like A Chain Ventures (Hardware)
