The Yamal implosion
There is a great deal of excitement among climate sceptics over Steve McIntyre’s recent posting on Yamal. Bishop Hill does a great job of writing up this important news so everyone can understand what it is and what it means. Have at it… The Yamal implosion
The financial crisis taught crucial lessons about the dangers of bubbles, loose...– Andy Xie Why One Bubble Burst Deserves Another
Primed For Upside. I Would Buy– Jim “Monkey boy” Cramer’s Recommendation On CIT From Yesterday.
The industry will argue for self-regulation, which bears the same relationship...– Satyajit Das
The potential risk is that a lot of liquidity goes to the asset market. So you...– Bank of China Vice President Zhu Min, Bloomberg News, September 10, 2009 Even a communist understands this basic truism…
Ten Odd Economic Indicators →
This week's butcher's bill...
From the FDIC: First Citizens Bank and Trust Company, Incorporated, Columbia, South Carolina, Assumes All of the Deposits of Georgian Bank, Atlanta, Georgia Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. … As of July 24, 2009, Georgian Bank had total assets of $2...
Bailout Tab so far...
=========================================================== --- Amounts (Billions)--- Limit Current =========================================================== Total $11,563.65 $3,025.27 ----------------------------------------------------------- Federal Reserve Total $5,870.65 ...
The Sun Gets Its Spots Back →
One of my Fab 5 Fav Analysts...Josh Rosner →
The Shadow knows...
From Ruth Simon and James Hagerty at the WSJ: Delayed Foreclosures Stalk Market … Legal snarls, bureaucracy and well-meaning efforts to keep families in their homes are slowing the flow of properties headed toward foreclosure sales, even when borrowers are in deep distress. … some analysts believe the delays are … creating a growing “shadow” inventory of pent-up...
50 things that are being killed by the internet →
Amazon: The Digital Wal-Mart of the Web?
It helps when you skirt sales tax laws… NY TIMES — Fifteen years after Jeffrey P. Bezos founded the company as an online bookstore, Amazon is set to cross a significant threshold. Sometime later this year, if current trends continue, worldwide sales of media products — the books, movies and music that Amazon started with — will be surpassed for the first time by sales of other...
D'oh! Scientists pull an about face on global... →
As if they really knew, leading economists predict that recovery from our Great...– James Grant argues the latest gloomy forecasts ignore an important lesson of history: The deeper the slump, the zippier the recovery
Beyond the Bailout State →
Betrayal! The U.S. sold us to Russia and stabbed us in the back.– Polish tabloid Fakt, on the Obama administration’s move away from deployment of missile defenses in Poland and the Czech Republic.
"Option ARMs are about to explode"
From Reuters: “Option” mortgages to explode, officials warn “Payment option ARMs are about to explode,” Iowa Attorney General Tom Miller said after a Thursday meeting with members of President Barack Obama’s administration to discuss ways to combat mortgage scams. … In Arizona, 128,000 of those mortgages will reset over the the next year and many have started to...
This is a good trend...Let's hope it continues.
As Riches Fade, So Does Finance’s Allure WSJ 09/18/2009 04:46 AM
How Serial War Became the American Way of Life →
[The problems are] all still here. Today we still have the same amount of debt,...– Nassim Taleb in the Toronto Globe & Mail.
[The Fed] is the story of the millennium. There are very few stories you can...– Congressman Alan Grayson
Why capitalism fails →
The Deal of the Century →