Relevant and even prescient commentary on news, politics and the economy.

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Catch-Up Links

…any funds to the rest of the economy (though I don’t think he put it that way). With all the talk of Liquidity needs and Greek bonds, jck at Alea

Three to Read for the Solvency Crisis

…John Cochrane should not be allowed to talk about finance. (Bonus coverage: EofC’s previous piece on John Taylor) Alea’s jck on how all the talk about risk management became mainstreamed….

Question of the Day

Is it really Good News that changes in Real Private Inventories were 3.4% of that 5.7% Q-on-Q GDP in Q4? (h/t Alea’s Twitter feed) Most reasonable assumption: firms overproduced, relative…

Those Low Rates

Via (what else?) Alea’s Twitter feed, John Taylor defends himself against Ben Bernanke: “The evidence is overwhelming that those low interest rates were not only unusually low but they logically…

Much to My Amazement

UPDATE: It gets even stranger. The bankrupt-since-October-2008 Lehman Brothers is going to pay $50,000,000 in bonuses for this year. (h/t alea’s Twitter feed) It appears all of the “gosh, we…

Why we don’t give Stock Tips

sc, commenting at Alea on September 24th, was much better: How to play this to make money? GLD and SKF (if it starts behaving properly) and OTM [out of the…

First Result of the Bailout: Less Free Capital

Alea notes TAF results: Total propositions submitted: $138.092 billion Total propositions accepted: $138.092 billion Bid/cover ratio: 0.92 Number of bidders: 71 The auction in question was supposed to be a…

Why Is Brazil Ahead of the US…fuel

…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…