Archive - Jan 26, 2010 - Blog entry

The big news on Tuesday was that the International Monetary Fund (IMF) revised up its global growth forecast to near 4% in 2010, with significant revisions to US and Canadian growth projections...

We can't tell you because ... er ... it will hurt national security, yeah, that's it ...

I have decided to release a significant amount of opinion on Wells to the public, and have created an extended version of the report for subscribers with geo-specific charge-off estimates stemming from the FDIC/NY Fed model that we have created in house. A rather comprehensive piece of work. It appears that much of the sell side community is much, much more optimistic on the prospect of Wells than I am. It must be the Warren Buffet investment...

Is it time to offer a human sacrifice to atone for the financial crisis? You don’t give an arsonist a medal for putting out the fire. How the smartest kid from rural Dillon, South Carolina saved the world. When do we find out how smart Bernanke really is? Nothing less than the fate of the free world depends on the answer.

One of Canada's largest pension funds, the Caisse de dépôt et placement du Québec, is refocusing its priorities as it tries to come back from an underwhelming investment performance...