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Wednesday morning links
The Mess That Greenspan Made —
TOP STORIES Vote on Detroit Bailout Nears - Washington Post China’s Exports Decline for First Time in 7 Years - MarketWatch Rio Tinto to cut 14,000 jobs - CNN/Money Capitalist Fools - Vanity Fair 8 really, really scary predictions - Fortune AIG Says More Managers Get Retention Payouts Topping $4 Million - Bloomberg Bank of America makes offer to resolve worker sit-in - Reuters MARKETS/INVESTING Gold futures rise for a third session as oil rallies - MarketWatch ...
Further reading
FT Alphaville —
Elsewhere on Thursday: - 8 r eally, really scary predictions for 2009 - Quelle surprise! Banks increase “mark to make-believe” assets to $610bn - Lehman and AIG asset sales: It isn’t working out exactly as the government may have intended - The key event of the past week was the chastising of the US Treasury secretary Hank Paulson by Zhou Xiaochuan, governor of the Chinese central bank. - The hairy aftermath of lay-offs - Shareholder value: Three interesting little numbers - AIG and those speculative CDS bets - So is ...
Warning: These Predictions Are Exceedingly Depressing
Trader Daily Combined Feed —
... away from the stock market. I would stay away from commodities. I would stay away from credit, both high-yield and high-grade. I would stay in cash or cashlike instruments such as short-term or longer-term government bonds. It's better to stay in things with low returns rather than to lose 50% of your wealth. You should preserve capital. It'll be hard and challenging enough. I wish I could be more cheerful, but I was right a year ago, and I think I'll be right this year too.
Continue reading on CNN.com
Eight Really, Really Scary Predictions
[ The Financial Ninja ] —
8 really, really scary predictions: “Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening.” ...
Thursday links: scary predictions
Abnormal Returns —
... Everybody is pointing to these eight “scary” predictions for 2008. (Fortune.com) ...
Let's Get Negative!
A Dash of Insight —
... Fortune collects the views of some mostly bearish pundits, designed to scare the daylights out of readers. After all, that is the story! ...
Links 12/12/08
naked capitalism —
... Illinois Independent Bernie Madoff: The Indictment Clusterstock UK consumers adopt Depression-era mentality, Asda head says FT Alphaville PCAOB - Seeing The Big 4 Through Rose Colored Glasses re: The Auditors. With the Madoff scandal, I suspect there will be a renewed focus on the quality of audits (and I have yet to see who was doing his books). Our Broken Government Center for Public Integrity (hat tip reader Andrew) 8 really, really scary predictions Fortune (hat tip reader Dwight). Still not as ...
THE FINTAG NEWSLETTER @ 12 December 2008
FiNTAG - Hedge Fund News, Views, Opinions and Gossip —
... Fintag says USD50 billion ...this is unimaginable. So the man is broke. I would love to know what he spent this on because even I would have trouble. 8 REALLY, REALLY SCARY PREDICTIONS cnn ...
Will 2009 Be Even Scarier?
GoldSeek.com —
... few months, ongoing volatility will cause even more to jump to the sidelines. But there isnt a more important time than now, as we close the books on the Year of the Crash, to look forward. The doom and gloomers see nothing but bad news ahead. Others (your editor included) see most of the bad news priced into the markets already. In the end, no one really knows anything. However, theres always a few people worth listening too. Thats why Fortune magazines latest effort, 8 Really, Really Scary Predictions for 2009 , really caught my eye. Fortune gathered the likes ...
Some Mid-December Reading
VIX and More —
... for Market Volatility? (Kevin Grewal, ETF Trends) Stock Panic Volatility (Adam Hamilton, Zeal) The Volatility Bubble – Average Daily Change Now Above 4%! (Bespoke Investment Group) …and just for fun… Map of Science (Steve Hsu, Information Processing) The Eighth Annual Year in Ideas (New York Times Magazine) Eight Really, Really Scary Predictions (Fortune) Ten Ways the World Could ...
In case you've been a little too happy recently
Newmark's Door —
Consider some of the bad news possibly coming:
"The Failed Muslim States to Come" (Spengler in Asia Times.)
"8 Really, Really Scary Predictions" (Fortune; the first one is by Dr. Doom himself, Nouriel Roubini.)
"Four Really, Really Bad Scenarios".
[Notice how I matched up two pieces with "really, really" in their titles? You can't get that kind of post quality from other blogs.]
Finally, this isn't coming bad news, but bad news that might already be here: ...
