March 2, 2009
Rolling out a site revision tonight, so pardon any dust and broken things for a little while. With any luck I can just take this post down again soon and no-one will have noticed the change....
Apparently things are so bad out there that Cannacord|Adams can’t come up with any more good ideas. The brokerage firm is ending its weekly “Best Ideas” mailing. No word whether it will launch a “Not Entirely Crummy” letter....
Just because everything is so awful today, with the news unrelenting and we bears blowing trumpets, etc., here is your moment of zen bullishness. I loved the following book, and I push it on people regularly. The Escape from...
From the FT, this financial zen revelation: DE Shaw, one of the largest US hedge funds, plans to appoint independent administrators to provide third-party checks that its investments exist, in an effort to reassure investors panicked in the wake of...
Nice historical, interactive graph of U.S. personal savings as a % of disposable income: [via iCharts]...
Unbelievable. Some people are applauding the 0.6% blip up in January consumer spending last month as if a) it’s a good thing, and b) it means anything anyway. Total statistical artifact. Hold any barking econo-seal who applauds this January number...
The January U.S. personal savings rate hit 5%, according to new BEA figures today. That’s up from 3.9% savings rate last month and 0.1% a year ago. We’re now at levels last seen in the U.S. in 1993. More here....
I’m traveling most of today (Monday), so posting may be sporadic. Try to behave yourselves and keep the world safe for whatever it is that we have that comes after the thing that we used to call capitalism....
