Archive - Jun 16, 2009

If there is one post you read today, this month, or this year, this should be it. Absolutely brilliant summary of the predicament interventionism has gotten us into. If you are looking for insight that will save you money when the market turns, this is it.

hat tip Brian.

• Asian markets fall as pessimism about global economy spreads.
• BOJ’s Shirakawa says that corporate financing has improved but the bank must monitor market developments before to extend measures to ease credit strains.
• Geithner: Risks of deeper recession in US are 'dramatically' lower.
• New-car registrations in Europe dipped to 1.27 million vehicles in May.
• Nikkei 225 Stock Average tumbles 2.9% Tuesday, its biggest one-day loss since March 30.
• Obama's financial overhaul could reshape Fed; some worry about `supercop' role.
• Russia may put part
  

• TALF for Commercial Real Estate a disaster: no issuer announcements ahead of today's deadline (Bloomberg)

An odd PR disclosure came out of Avenue Capital today, which basically makes fully public information, that newly bankrupt Six Flags had considered to be confidential...until today.

• Prechter: US likely to lose AAA rating (Reuters)