January 20, 2009
Smart, gracefully-written and elegiac piece by Frank Partnoy in the weekend Financial Times wherein he rightly points out that it's long past time to bury most of the major U.S. banks. The bottom line is that, given declining assets and...
This is entirely random, so forgive the digression. In thinking about the impact of Circuit City's liquidation on commercial real estate companies I was trying to find a way to put the lost store square footage in context. Assuming 567...
Anyone want to take a shot at what the following graph represents? I'll give a hint: It has to do with all things presidential....
The nice thing about the U.S. markets being down markedly on inauguration day? It creates a handy-dandy, natural econo-electoral asshat detector: Anyone who says that today's market sell-off has anything to do with Barrack Obama's presidential inauguration can in future...
Is Southwest Airlines in much more trouble than commonly realized? (Zero Hedge) China faces worst unemployment in decades, as much as 9.4% already by unofficial figures (Bloomberg) Google earnings cheat sheet (Citi) The Great Experiment (Mauldin) The Importance of...
I had someone email me the following update on an old joke: Q: What is a banking regulator? A: Someone who rescues and rescues and rescues banks until there are no banks left. In the old version, stockbrokers had the...
Some musings from George Friedman of Stratfor today got me thinking about demographics and the future of the U.S. What people forget is that while the U.S. is aging, it is still a relatively young country in demographic terms. It...
We're back doing the bank blame game, and I really wish it would stop. Can't we go back to beating up on credit rating agencies? That was more pleasurable, and much cheaper. We didn't have to spend billions to feel...
This should roil a few markets tomorrow: Jim Rogers is saying awfully harsh stuff about the pound. In light of the deepening recession in the U.K., plus the bank nationalizations and stimulus programs underway there, Rogers was quoted by Bloomberg...
