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Wave of Debt Payments Facing U.S. Government
Wave of Debt Payments Facing U.S. Government
nytimes.com — “What a good country or a good squirrel should be doing is stashing away nuts for the winter. The United States is not only not saving nuts, it’s eating the ones left over from the last winter.” WILLIAM H. GROSS (more) Wave of Debt Payments Facing U.S. Government
Dec Gross Anything but 01
Dec Gross Anything but 01
pimco.com — I'm not so much concerned about the return on my money as the return of my money. - Will Rogers, 1933 Toothpicked, straw-hatted Will Rogers was a journalists’ dream, combining common sense with a sense of humor that could trump any ... (more) Dec Gross Anything but 01
Interest rates: the phantom menace
Interest rates: the phantom menace
krugman.blogs.nytimes.com — What I think lies behind the surprising deficit squeamishness of the Obama administration, and why it's wrong-headed. (more) Interest rates: the phantom menace
Microsoft and News Corp eye web pact
ft.com — By Matthew Garrahan in Los Angeles, Richard Waters in San Francisco and Andrew Edgecliffe-Johnson in New York Published: November 22 2009 23:01 | Last updated: November 22 2009 23:01 Microsoft has had discussions with News Corp over a plan that would ... (more) Microsoft and News Corp eye web pact
Société Générale tells clients how to prepare for potential 'global collapse'
Société Générale tells clients how to prepare for potential 'global collapse'
telegraph.co.uk — French bank advises clients to be ready for a possible "global economic collapse" in the next two years. (more) Société Générale tells clients how to prepare for ...
Goldman Commits $500 Million to Help 10,000 Small Businesses
Goldman Commits $500 Million to Help 10,000 Small Businesses
nytimes.com — How much good will can an apology — and half a billion dollars — buy? A lot, Goldman Sachs is hoping. After first staunchly defending its outsize profits and pay, and then bristling at calls for restraint in these tough economic times, Goldman is ... (more) Goldman Commits $500 Million to Help 10,000 Small Businesses
Climategate: the final nail in the coffin of 'Anthropogenic Global Warming'?
blogs.telegraph.co.uk — If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke ... (more) Climategate: the final nail in the coffin of ...
Short-term US interest rates turn negative
ft.com — Published: November 20 2009 01:40 | Last updated: November 20 2009 01:40 Short-term US interest rates turned negative on Thursday as banks frantically stockpiled government securities in order to polish their balance sheets for the end of the year. ... (more) Short-term US interest rates turn negative
Some Shareholders Want Goldman to Cut Back on 2009 Bonuses
online.wsj.com — Some of the largest shareholders in Goldman Sachs Group Inc. have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors, according to people familiar with the ... (more) Some Shareholders Want Goldman to Cut Back on 2009 Bonuses
John Paulson Making Big New Bet on Gold
online.wsj.com — One of the biggest investors is placing a big new bet on gold. John Paulson, who scored about $20 billion of profits for his hedge fund between 2007 and early 2009 wagering against the housing market and financial companies, is launching a fund ... (more) John Paulson Making Big New Bet on Gold
Jamie Dimon seen as good fit for Treasury
Jamie Dimon seen as good fit for Treasury
nypost.com — Last Updated: 3:37 AM, November 23, 2009 Posted: 12:51 AM, November 23, 2009 (more) Jamie Dimon seen as good fit for Treasury
Silverdome sale price disappoints | Pontiac officials wanted more than $583K for stadium
detnews.com — Pontiac officials wanted more than $583K for stadium Mike Martindale / The Detroit News Pontiac -- Nearly 35 years after taxpayers spent $55.7 million building the Pontiac Silverdome and a year after a $20 million sale fell through, city officials ... (more) Silverdome sale price disappoints | Pontiac officials ...
Chance of Great Depression Now 5%...
delong.typepad.com — For 2 1/4 years now I have been saying that there is no chance of a repeat of the Great Depression or anything like it--that we know what to do and how to do it and will do it if things turn south. I don't think I can say that anymore. In my ... (more) Chance of Great Depression Now 5%...
California faces a projected deficit of $21 billion -
California faces a projected deficit of $21 billion -
latimes.com — California faces deficit Gov. Arnold Schwarzenegger will present his next proposed budget in January. Republicans vow to block new taxes; Democrats say they are through with cuts. ( Eric Paul Zamora / Associated Press ) (more) California faces a projected deficit of $21 billion -
Housing Starts Decline Sharply in October
Housing Starts Decline Sharply in October
calculatedriskblog.com — Click on graph for larger image in new window. Total housing starts were at 529 thousand (SAAR) in October, down 10.6% from the revised September rate, and up from the all time record low in April of 479 thousand (the lowest level since the Census Bureau began tracking housing starts in ... (more) Housing Starts Decline Sharply in October
The Fed is sending gold higher
The Fed is sending gold higher
blogs.reuters.com — Is gold going to $6,300? Dylan Grice, an analyst with Societe Generale, says it’s possible, given the decline in central bank credibility. But investors need to keep one thing in mind: Gold is merely a vehicle to protect the purchasing power of ... (more) The Fed is sending gold higher
U.S. Mortgage Delinquencies Reach a Record High
U.S. Mortgage Delinquencies Reach a Record High
nytimes.com — A couple waits to speak to a financial counselor at an event last month in Daly City, California, aimed at helping people get their mortgages restructured to avoid foreclosure. (more) U.S. Mortgage Delinquencies Reach a Record High
Banking In A State
baselinescenario.com — “ Banking on the State ” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points ... (more) Banking In A State
Pinker on "What the Dog Saw."
gladwell.typepad.com — Steven Pinker reviewed my new book "What the Dog Saw," in the New York Times Book Review this past Sunday. I sent the following letter to the editor in response: It is always a pleasure to be reviewed by someone... (more) Pinker on "What the Dog Saw."
Kicked out of finance, and into journalism
Kicked out of finance, and into journalism
blogs.reuters.com — Up until yesterday, Michael Whitney was a presenter on Bloomberg TV; he would occasionally get his byline on Bloomberg News stories. Whitney was fined $55,000 last year by the CFTC and is subject to a permanent injunction, after being charged with ... (more) Kicked out of finance, and into journalism