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Lending must support the real economy
E conomists have been mulling over the shape financial reforms should take. Robert Shiller wrote on these pages in defence of “financial democracy”, arguing that a wide range of financial products allows everyone to access liquidity and insure against risk. A week earlier in The New York Times, ...
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Pink picks
FT Alphaville — ... In the annals of double-edged compliments, Warren Buffett’s description of his planned $27bn acquisition of Burlington Northern Santa Fe as an “all-in wager on the economic future of the US” ranks highly, writes the FT’s Gapper . If the best expression of America’s economic future is a railway operator dating back to the mid-1800s, then growth investors might be advised to look instead to China, India or Brazil. Dirk Bezemer: ‘Dear Top Economists… Lending must support the real economy ‘ Economists have been mulling over the shape financial reforms should take, notes Bezemer, ...

Links 11/5/09
naked capitalism — Fake AP Stylebook Steers You Completely Wrong — With Style Wired Rare whale gathering sighted BBC How central bank repos create conflicts of interest FT Alphaville Did We Learn Anything? Carry Trade Edition EconomPic Data Lending must support the real economy Dirk Bezemer, Financial Times Men in part-time work paid less than women Independent Sympathy for the Treasury Steve Waldman. The most comprehensive write-up of the meeting some bloggers had at the Treasury, and it is quite accurate, both ...

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More and Better
baselinescenario.com 7/20/2009 — After the wholesale discrediting of the strong form of the efficient markets hypothesis, Robert Shiller may be the most respected financial economist in the world at the moment. This is what he has to say on the last page of Justin Fox’s The Myth of the Rational Market : Finance is a ...
Back to support buying
highchartpatterns.blogspot.com 17 days ago — There are a couple spots still buyable on the SPY even though we're cognizant of the fact that the more support is tested, the weaker it becomes. Nevertheless we're looking for intraday reversal patterns near the 20 and 50 SMA on the SPY.
OIH support
highchartpatterns.blogspot.com 12 days ago — Trend-line and daily support near OIH 115. We'll buy this on the first test -- if this area doesn't hold energy stocks will be in trouble with no real support until the 200 SMA.
Real Problems, No Easy Solutions
baselinescenario.com 9/30/2009 — On Monday I wrote a post criticizing the sloppy way that Robert Shiller argued for financial innovation, which focused primarily on the use of metaphor and secondarily on the use of a valid example (people are overly cautious about some financial products) to make an invalid general point ...
Told You So (Again): Bank Lending
hf-implode.com 10/9/2009 — " According to weekly figures provided by the Federal Reserve, total loans at commercial banks have fallen at a 19% annual rate over the past three months, while loans to businesses have dropped at a 28% annualized pace. Gee, I wonder why? "