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Buy on the Rumour, Sell on the Fact

Via Dr. Black, from Google Finance, the charitable interpretation of what was done this afternoon is the old Wall Street adage above (click on image to see it well):…

If asked, I will serve

I have a cold, or perhaps a touch of the flu, so posting will be light for the next few days. Especially if this is true, which somewhat means the…

Optimism from the NYTimes, but is it warranted?

…forgoing premiums from 1996 to 2006, the agency must now turn to struggling banks and ask them to pay more, putting more pressure on the industry. If a large number…

The Coming Harvest

by Ken Houghton Claudia asks the question of the day of the previous post: When you say “the coming harvest” are you speaking from a purely literal standpoint, or are…

Republicano Delenda est *

by Ken Houghton Brad DeLong lays out the breakdown. When 2/3 of your party believes that taking the Dow down 600 750+ points is a Good Idea, claims such as…

Chris Dodd knows how to play Chicken

by Ken Houghton I had the same reaction to his “we have to do something” comments on Sunday as Dr. Black. But we both, clearly, forgot the game that was…

In Which I Fail Basic Budget Math

CNN does some he-said, she-said, but throws in some data: The administration’s proposal also requests that Congress authorize an increase to the nation’s debt ceiling. Currently, it’s set to rise…