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China's empty city - 10 Nov 09 (video)
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China's empty city - 10 Nov 09 (video)
youtube.com — China's economy is continuing to grow despite the global recession, helped by a massive government stimulus package... of $585bn.But doubts remain whether such ... (more) China's empty city - 10 Nov 09 (video)
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 ...
Banks should be allowed to expand
washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Banks should be allowed to expand
It's the stupidity economy
krugman.blogs.nytimes.com — Bad ideas are acting as serious constraints on policy.... (more) It's the stupidity economy
Dangers of an Overheated China
Dangers of an Overheated China
nytimes.com — PRESIDENT OBAMA ’S recent trip to China reflects a symbiotic relationship at the heart of the global... economy: China uses American spending power to enlarge its private sector, while America uses Chinese lending power to expand its public sector. Yet ... (more) Dangers of an Overheated China
FRB: Senior Loan Officer Opinion Survey: October 2009
federalreserve.gov — October 2009 The October 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices Current survey |... Full report (315 KB PDF) Table 1 | Table 2 | Chart data Table 1 (175 KB PDF) | Table 2 (71 KB PDF) | Charts (29 KB PDF) The October 2009 ... (more) FRB: Senior Loan Officer Opinion Survey: October 2009
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
Joke Europeans
Joke Europeans
krugman.blogs.nytimes.com — If these countries can run up debts of more than 100 percent of GDP without being destroyed... by bond vigilantes, so can we. (more) Joke Europeans
Help Wanted, No Private Sector Experience Required
Help Wanted, No Private Sector Experience Required
blog.american.com — A friend sends along the following chart from a J.P. Morgan research report. It examines the prior... private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. ... (more) Help Wanted, No Private Sector Experience Required
The Dead Zone: The Implicit Marginal Tax Rate
The Dead Zone: The Implicit Marginal Tax Rate
mises.org — To say that antipoverty programs in the United States are perverted may be an understatement. When you... take into account the loss of means-tested benefits (e.g., cash assistance, food stamps, housing subsidies, and health insurance), and the taxes ... (more) The Dead Zone: The Implicit Marginal Tax Rate
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 ...
Greenlight Capital founder calls for CDS ban
ft.com — Published: November 6 2009 17:57 | Last updated: November 6 2009 17:57 When one of the world’s... most renowned hedge fund investors turns 180 degrees on a key financial instrument that has been centre stage throughout the financial crisis, it is worth ... (more) Greenlight Capital founder calls for CDS ban
Powerful interests are trying to control the market
ft.com — You can become wealthy by creating wealth or by appropriating wealth created by other people. When the... appropriation of the wealth of others is illegal it is called theft or fraud. When it is legal, economists call it rent-seeking. Rent-seeking takes ... (more) Powerful interests are trying to control the market
Krugman to the Rescue
thebigquestions.com — It’s always impressive to see one person excel in two widely disparate activities: a first-rate mathematician who’s... also a world class mountaineer, or a titan of industry who conducts symphony orchestras on the side. But sometimes I think ... (more) Krugman to the Rescue
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 ...
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
With F.H.A. Help, Easy Loans in Expensive Areas
With F.H.A. Help, Easy Loans in Expensive Areas
nytimes.com — From left to right, Jordan Kurland, Mike Rowland and Michael Bedar, in front of the building they... bought in San Francisco for nearly a million dollars, with help from the Federal Housing Administration. (more) With F.H.A. Help, Easy Loans in Expensive Areas
Germany warns US on market bubbles
ft.com — Published: November 20 2009 19:48 | Last updated: November 20 2009 19:48 Germany’s new finance minister has... echoed Chinese warnings about the growing threat of fresh global asset price bubbles, fuelled by low US interest rates and a weak dollar. ... (more) Germany warns US on market bubbles
Rashomon in the desert
krugman.blogs.nytimes.com — Dubai or not Dubai -- that is the question.... (more) Rashomon in the desert
Nassim Nicholas Taleb: Good Bye! The Reappointment Of Bernanke Is Too Much To Bear
huffingtonpost.com — What I am seeing and hearing on the news -- the reappointment of Bernanke -- is too... hard for me to bear. I cannot believe that we, in the 21st century, can accept living in such a society. (more) Nassim Nicholas Taleb: Good Bye! The Reappointment Of ...
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