January 15, 2009
The decline in inbound and outbound container traffic continued in December at the two major Los Angeles area ports. The export figure, in particular, caught my eye, with the tailspin in containers showing how weak global demand has become --...
Eric Savitz at Barron’s thinks Intel is trying out some sort of Zen earnings guidance: As for Q1 guidance, the company said that “due to economic and uncertainty and limited visibility,” it is not provide a revenue outlook. But it...
It’s hard to keep up with such things, but today my favorite alleged Ponzi scheme involves some Atlanta-based currency traders who the SEC says took investors for $25-million. In addition to promising returns they couldn’t deliver, the SEC says the...
Full text of stimulus plan:...
Nice catch by John at Across the Curve: A paid up subscriber and friend of the blog passed along to me a note that the Treasury had called the 13 1/4 May 2014 bond. Obviously, with that coupon the taxpayers...
Nice graphic from Martin Wolf at the FT comparing public debt in U.S. and U.K. over time:...
Global imbalances and the Triffin dilemma (Reuters) American Power Is on the Wane (WSJ) How badly were the Gulf’s sovereign funds hurt by the 2008 crisis? (Setser) Roubini on CNBC (CNBC) Still having issues here, so you may not...
Money:Tech speaker Rick Bookstaber repurposed as a character in an updated, financial markets version of The Lorax: It all started way back… such a long, long time back… Way back in the days when money was green and interest was...
I liked this quote from a recent book: It is a strange paradox that today's central banks are generally staffed by economists, who by and large profess a belief in a theory which says their jobs are, at the very...
Am in the process of a bunch of upgrades behind the scenes, so apologies for posting troubles and other technical issues. I'm hoping they'll be brief....
I find myself becoming increasingly irritated at so much of what is going on out there. Here is a quick list of the things I just don't care about: Where Bernie Madoff is in NYC on his way to/from hearings....
