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 […]
Eloquent plea to watch the happenings and interpret the results for today. I cannot say it better….rdan If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system Nouriel Roubini | Sep 13, 2008 It is now clear that we are again – as we […]
“As the market falls aggressively, we find that there are further developments from authorities that act as ST supports for the Dow. But the real concern is that each crisis has been followed by a bigger crisis and this just does not feel like the “capitulation blow out”” Big Picture Also here are some observations […]
by reader ilsm Militarism and Oil I have been on the web figuring out what is going on with Palin, who has not had much experience with the North Atlantic, and seems to want Georgia and Ukraine to gain membership in NATO. So I did some googling on Caspian Sea pipelines. Interesting stuff. Seems both […]