Lots of material in the speech.

I’m on vacation, but had time to notice with all that is going on in the financial markets nobody noticed that industrial production fell 1.1% in August. Moreover, the June and July data were revised down. This is another observation supporting the analysis that third quarter real GDP growth will be very weak and maybe […]

Kevin Drum asks But here’s a question for one of the serious econ-bloggers out there: Have lots of big non-U.S. banks collapsed? There was Northern Rock, but anyone else? Are any European financial systems in danger of meltdown? Why not? I like to think of myself as a serious econ-blogger, but don’t claim the title […]

AngryBear Commenter Mooser Gives Some Financial Advice When Bush was elected, we paid off the house and took our money out of investments and into insured accounts. I advise others not to do the same. When you have no house payment, you feel like you are living in somebody else’s house. It’s a very anxious […]

Hat tip to vtcodger for this catch: Naked Capitalism makes a comment and uses Bloomberg: We noted a few weeks ago that between large amounts of short term financial firm debt maturing in the third and fourth quarters, banks still leery of lending to each other, and liquidity always lower at year end (banks pull […]

Andrew Sullivan shares his thoughts on McCain: Editor’s Note: Historically a John McCain supporter, conservative journalist and blogger Andrew Sullivan takes on the issue of John McCain’s integrity as he strives to win the presidency. – vh/TO For me, this surreal moment – like the entire surrealism of the past ten days – is not […]

PGL alert! hat tip to OSO for the Luskin article. rdan_How does one frame the condition of the economy rather than just financials to us kids in the back of the class who tend to throw spitballs?? Economy is growing for instance, according to some. What is going on? Quit Doling Out That Bad-Economy Line […]

Let’s stipulate what “everybody knows”: There are some assets in the capital markets, many of which are mortgage-related, that were seriously overvalued over the past several years. Many of the others are Credit-related (CDS and CDOs and the like). Most of the two asset types listed above are reasonable concepts that, if they are commoditized, […]

Barclay’s walks, BofA may buy….what are the guarantees involved with tax money? How did Bear Stearns and others work out in costs?

by One Salient Oversight If John McCain wins the November election and becomes president of theUnited States, it is likely that he will continue to support Supply sidepolicies that have placed the government so precariously in debt. Withdebt levels already too high, the effects of the Fannie and Freddiebailout, along with declining tax revenue due […]