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https://self-evident.org/ - Stating the obvious.
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…utilities?
Whoa whoa whoa. Whoa. Who is this guy and what has he done with Bill Gross?
Perhaps remarkably, during the week surrounding the Lehman crisis in September of 2008, yours truly frantically called my wife Sue to empty our two local bank accounts into apparently safer ...
Government
Bill Clinton
Pimco
Personal Finance
Treasury Bills
In my humble opinion, The Prisoner is, by far, the greatest television series of all time. (I almost chose “Number Six” as my pseudonym.)
The “re-imagining” starts tonight on AMC. Judging by the trailer , I suspect the children who wrote the script completely missed ...
Other
If you really believe your firm is doing “God’s work” , I have a camel and a needle to sell you.
But that is not what I want to discuss. I want to discuss your quotes in today’s article titled “Blankfein Defends Goldman Sachs Against Breakup” .
...
Stocks
Personal Finance
self-evident.org - 12 days ago
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self-evident.org —
That is the term for financial firms whose
liabilities are implicitly guaranteed by all of us, free
of charge. It is a great arrangement, for them. They get to borrow from the Federal Reserve at zero percent and make whatever bets they like. They ...
(more)
Too Big To Fail
Comments
vote down
The Baseline Scenario
found this 12 days agofound this
So apparently, various high street bankers are showing up at British cathedrals to deliver sermons on how they are not entirely evil. I am not making this up.
And the guy from Goldman delivered a quote that is almost too good to be true.
“The injunction of Jesus to love others as ...
Other
Day Trader
British Retail Consortium
Personal Finance
And then contact your Representative.
Dylan’s four-point plan to fix the financial system:
Transparency. Move all derivatives trades onto exchanges.
Increase capital requirements for Wall Street firms gambling in the markets.
Modify the tax code to discourage short-term profits. ...
Stocks
Move Inc.
Personal Finance
Since everyone knows the Fed will not raise rates today, the talk of the econoblogosphere is whether they will change the language in the statement .
I thought about giving my own thoughts on this, but then I found this blog post by Krishna Guha . As you may recall, Guha is the guy who ...
Government
Federal Open Market Committee
Personal Finance
Via Calculated Risk .
I recently learned that Australia has a similar scheme, called the “First Home Owners Grant”. Its history is somewhat interesting . (Click through to find my source for the following claims.)
The Aussies introduced the $7000 credit in July 2000, allegedly ...
Other
Personal Finance
Risk Management
While eating my Cheerios this morning, I caught the following exchange on CNBC and felt compelled to share.
I like Rick’s suggestion that you “send Steve your Emails”. I guess that means writing to thecall@cnbc.com , unless one of you has an address for Liesman ...
Other
Personal Finance
Flashback to November 18, 2008 :
Congressman Ron Paul: Does the subject of gold ever come up in any of your conversations [with other central banks] ?
Federal Reserve Chairman Ben Bernanke: Only in terms of the sales the central banks are planning.
(For full context, start at 2:40 ...
Government
Gold
International Monetary Fund
Ron Paul
Personal Finance
Federal Reserve
A lazy writer am I.
GMAC May Receive Third Government Bailout in November .
“It’s outrageous that the taxpayers are being asked yet again to support a troubled enterprise,” said Sean Egan, president of Egan-Jones Ratings Co. in Haverford, Pennsylvania. “When will it ...
Stocks
Personal Finance
CA Inc.
Regular readers know that Bill Gross publishes a monthly letter that can always be summarized as, “Buy bonds.” Because as everybody knows, the guy who manages a $¾ trillion bond portfolio always always always talks his book.
Well, maybe not quite always.
Bloomberg and ...
Government
Bill Clinton
Personal Finance
Tax Credits, Screwdrivers, and Supply and Demand Curves . Mmm, recursion.
Home Buyer Tax Credit to be Extended and Expanded . I hate to say “I told you so”, but… No, scratch that. I like to say “I told you so”. I just wish I had been wrong. Feel free to call your ...
Other
Personal Finance
The four Fed Presidents who will rotate onto the FOMC in January are:
James Bullard - President, St. Louis Fed. This one is tricky. The WSJ Real Time Economics blog described his presentation on 10/11 :
“I am concerned about a popular narrative in use today — the narrative being that ...
Government
Personal Finance
The Federal Open Market Committee (FOMC) consists of the seven-member Federal Reserve Board (FRB), plus the President of the New York regional Fed bank, plus four more Presidents of regional Fed banks on a rotating basis. The FRB is appointed by the U.S. President and approved by Congress. Each ...
Government
Personal Finance
Federal Reserve
No, really. This is on the FDIC home page .
A Message from FDIC Chairman Sheila C. Bair
“In short, we cannot run out of money.”
Government
FDIC
Anglo Irish Bank
Sheila Bair
Personal Finance
self-evident.org - 25 days ago
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self-evident.org —
A few commenters pointed out that I overplayed
my hand when I claimed that the $8000 tax
credit increases the purchasing power of first-time home buyers by “$100k or more”. They argue that although the $8000 credit does help with the down ...
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Tax credit responses part II: Houses
self-evident.org - 25 days ago
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self-evident.org —
A number of objections appeared in the comments
on my previous post, both here and at Business
Insider . Good. You never learn anything from people who agree with you, and I like to learn. That said, I stand by my original post (mostly), and I want ...
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Tax credit responses part I: Screwdrivers
