February 26, 2009
An email I sent a reader the other day who had messaged me asking me about the growing appeal of various well-known prophets of the financial apocalypse. As you say, people are desperate for someone to help them make sense...
Comparing polling views on bank nationalization now and back in the Depression, courtesy of a David Leonhardt piece in this weekend’s NYT Magazine on various ways to get to the same nationalization place:...
Obama Delivers $3.6 Trillion Budget Blueprint (WSJ) California to Stop Water Deliveries to Farms (StormWire) Unholy big list of financial engineering papers and presentations (finengineer) Unnamed Treasury official implausibly blaming secretaries/staffers for slowness of seeing plans from Tim Geithner...
I had a reader send me this today, and it’s worth a look. The figures shows index component weights of stocks in the Dow, with GM and Cit now vanishingly tiny. [via IndexArb]...
GM future in doubt after $31bn loss (FT) As GM Goes, So Goes the Nation (SA) New York to make Times Square a pedestrian mall (Bloomberg) BNY Mellon’s fx team: Buy gold (FT) A case for getting more bullish...
This comes from Goldman Sachs (via the FT):...
A reader sent in that it has been a big week for "BUST", their index tracking headline busted stocks. It is comprised of C, BAC, AIG, FNM, FRE, GM, and F, and it is up 50% on the week....
While I plan to to still get a few posts up, I'm traveling today and tomorrow. I may have some things to report back tomorrow from private meetings with a host of economic and financial sorts, so I'll post something...
Some dire and direct comments from historian Niall Ferguson on the current depression/recession. Here he is on why the rest of the world will suffer more than the U.S. (Note that the comments were given while speaking in Canada, hence...
The reverse industrial revolution (MarketWatch) Why did monetary policy fail? (TheMoneyIllusion) Future of Europe is "bleak", and capitalism is a "ponzi scheme" according to a former German vice-chancellor (Telegraph) China closes Tibetan side of Everest to climbers ahead of...
Is this the bottom? When you really need to know if we're at the market bottom, but can't wait for a TV chatterer to ask a random, long-only, money-losing fund manager the question for you, click here....
