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Antidote du Jour
Apologies for absence of links! Hope to be back to closer to usual programming early next week.
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Stop the madness now!
By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting . He says emphatically yes. Now I ...
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Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion
This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment.  ...
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Ivy Zelman: “Home prices are going back down”
By Edward Harrison of Credit Writedowns . Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced ...
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Links 11/20/09
the price of water Archein Lions kill rare white tiger at Czech Republic zoo BBC (hat tip reader Steve L) Moira man fights off deer attack Press Republican (hat tip reader John L) Cinema popcorn is nutritional horror show: US study Raw Story (hat tip reader John D) The jobless ...
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“Does US need a second stimulus to create jobs?”
Reader Doug Smith was not happy with an article in the Christian Science Monitor yesterday, titled, “Does US need a second stimulus to create jobs? His remarks: Could you, Edward or someone consider reading this article and responding to it? My sense is that it perfectly captures ...
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Marc Faber: “I don’t think that you’ll see gold below $1,000 per ounce probably ever”
By Edward Harrison of Credit Writedowns Marc Faber is in a bullish mindset, particularly on gold. In a wide-ranging interview with CNBC TV-18 in India, Faber talked about where he sees markets headed and why he thinks gold will never drop below $1,000 an ounce. Private sector contracting ...
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Apple: Can it stop the Android menace?
By Edward Harrison of Credit Writedowns . I want to take a break from banking and macro stuff and talk a little bit about technology. I wrote an article about Android a few weeks back. That was a more personal account on why I was switching from a Windows Mobile phone to Android, the ...
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Links 11/19/09
Pathology of a Crisis Eric Dash, New York Times Charitable Capitalism William Greider, The Nation Joe Biden: Even rattlesnakes are more popular than bankers Raw Story (hat tip reader John D) Fears of China property bubble Financial Times (hat tip reader Michael) The Rise and Fall of ...
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50% Say Their Bank Increased Credit Card Rates In the Last Six Months
Many readers have complained of credit card issuers raising interest rates on their cards, even if the customer has pristine credit and never or rarely carries a balance. Now we are finally seeing some efforts to see how significant this is across all card users. A Rasmussen survey puts the ...
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Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired
The knives are starting to come out. DeFazio claims the discontent among progressives is growing. The Democratic Congressmen who have a operating brain cell know the considerable failings of Obama’s economic policies will be visited on them unless serious corrective action is taken in ...
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Obama: Debt could cause a double dip recession
By Edward Harrison of Credit Writedowns Barack Obama has now come clean about his thinking on why his administration has decided to focus first on reducing the deficit and next on jobs. He fears a double-dip recession will occur if foreigners lose confidence in the U.S. dollar, causing ...
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Links 11/18/09
Plastic chemicals ‘feminise boys’ BBC. I can buy the theory that plastics have a health impact, but I am immediately suspicious of a study that defines a propensity to play with toy cars as an indicator of masculine behavior (this from someone whose favorite toy at age 3 was a crash ...
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Audit the Fed Bill: Attempted Saturday Night Massacre Underway
So get this, sports fans: the day (or maybe two max) before the so-called Audit the Fed bill (a bipartisan initiative to increase transparency) has a torpedo shot at it by a member of the House Financial Services committee, one Mel Watt of North Carolina. Of course, his amendment professes to ...
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In Case Someone Says You Couldn’t See This Coming
These reminders courtesy Josh Rosner (be sure to watch in full):
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Food insecurity in America skyrockets
By Edward Harrison of Credit Writedowns The US Department of Agriculture highlights how the United States in the last decade, despite increased aggregate wealth, slid back significantly in terms of food insecurity as measure of poverty. With everyone now focused on the unemployment ...
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Very Abbreviated Takedown on SIGTARP Report on AIG CDS Payouts
Dear sports fans, your humble blogger, along with a ton of others, got the not-very-embargoed copy of the SIGTARP report on the New York Fed’s conduct with respect to its full payout on AIG’s credit default swaps to its counterparties. The press is treating the report as if it was ...
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Links 11/17/09
Apologies for thin links today! Drilling for Scotch whiskey on frozen continent Yahoo News SmartHand: Merging Mind and Machine H+ (hat tip Sugar Hush) When did the housing bubble begin? Bubble Meter Ministry: Renminbi exchange rate “not related” to imbalance People’s ...
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“Dudley and the Missing Lessons of the Financial Crisis”
By Richard Alford, a former economist at the New York Fed. Since then, he has worked in the financial industry as a trading floor economist and strategist on both the sell side and the buy side. On Friday, William Dudley, President of FRBNY, gave "> "> ">an excellent presentation on the ...
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“Should America Kowtow to China?”
By Marshall Auerback , a fund manager and investment strategist who writes for New Deal 2.0 . Another Presidential junket to Asia and another one of the usual lectures from China, decrying our “profligate ways”. Today’s Wall Street Journal reports :, “China’s top banking regulator issued a ...
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