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Apologies for absence of links! Hope to be back to closer to usual programming early next week.
Other
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 ...
Government
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.
...
Government
Ben Bernanke
Chris Dodd
Federal Reserve
Retail Industry
Universal Banking
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 ...
Stocks
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 ...
Government
Republican
White House
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 ...
Government
Stimulus Plan
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 ...
Currencies
Gold
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 ...
Stocks
Apple Inc.
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 ...
Government
Joe Biden
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 ...
Stocks
Anglo Irish Bank
Retail Industry
Universal Banking
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 ...
Government
Lawrence Summers
Timothy Geithner
Barack Obama
Retail Industry
Universal Banking
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 ...
Government
Barack Obama
Recession
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 ...
Commodities
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 ...
Government
Federal Reserve
Bill Clinton
Retail Industry
Universal Banking
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 ...
Government
Social Democrats
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 ...
Stocks
Retail Industry
Universal Banking
American International Group
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 ...
Stocks
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 ...
Government
The Financial Modelers' Manifesto
Federal Reserve
Retail Industry
Universal Banking
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 ...