economix.blogs.nytimes.com - 9/18/2009
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As a reporter who has written extensively about Wall Street and executive pay, I am often reminded of an old Mark Twain essay I read in high school called “ Corn-Pone Opinions .” “You tell me whar a man gits his corn pone,” Twain recalled a childhood friend telling him, “en I’ll tell you what ...
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Market, “I.B.G. - Y.B.G.” and Fed MBS and Treasury Purchases
Calculated Risk —
While we wait for the FDIC (HomeGnome has a poll each week in the comments!): Click on graph for larger image in new window. This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". Note that the Great Depression crash is based on the DOW; the three others are for the S&P; 500. And from Eric Dash at NY Times Economix: What’s Really Wrong With Wall Street Pay? Note: “I.B.G. - Y.B.G.” stands for what happens - from a trader's perspective - if a huge trade goes ...
If its Tuesday, This Must Be Afternoon Reading
The Big Picture —
... to a WSJ panel discussion in Chicago tomorrow. Its for investment advisors, and I am speaking on the panel with Jack Ablin and Pete Najarian, and WSJ managing editor Dave Kansas.
Meanwhile, some reading for your afternoon pleasure:
• The Pinocchio Recovery (Market Talk)
• Fed Growth Effort May Be Undermined by ‘Tight’ Credit (Bloomberg)
• Households’ net worth rises for first time in two years (Marketwatch)
• What’s Really Wrong With Wall Street Pay (economix)
• Homeowners who ...
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