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Weekend Reading

Tyler Durden's picture





 
  • Must read: Fast-on-the-draw trades need spot of marshalling (FT, h/t Joe)
  • Roubini Op-Ed on Bernanke: The Great Preventer (NYT)
  • Lennar signals fleeting buildling rally as buyers flee (Bloomberg)
  • JP Morgan to raise banker salaries (FT)
  • The man spreading false rumors about Harman and Textron takeovers (that fooled fast-money's Najarian) found dead in suicide (Bloomberg)
  • Chinese steel executive beaten to death,  (FT)
  • Alan Abelson: It could be worse (Barron's)
  • Real homes of genius: The California housing collapse deconstructed (Dr Housing Bubble)
  • Rally may cool on earnings reality check (Reuters)
  • California officials worried about new budget woes (BusinessWeek)
  • US probe targets UBS banker visits (Reuters)
  • Phibro trader Andrew Hall is holding Citi hostage over $100 million pay package (WSJ)
  • Who caused the economic crisis: an email debate between Simon Johnson and Goldman's John Tablott (Salon part 1, part 2 and part 3 hat tip Ian)

 

 


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Sun, 07/26/2009 - 13:44 | Link to Comment Anonymous
Sun, 07/26/2009 - 16:36 | Link to Comment Anonymous
Sun, 07/26/2009 - 20:33 | Link to Comment Bob Dobbs
Bob Dobbs's picture

After the plague came the renaissance.  I guess you might call that a boom.  Of course only 1/3 of the population was left.

Sun, 07/26/2009 - 21:50 | Link to Comment dark pools of soros
dark pools of soros's picture

once technology evaporates the need for any brain memory (cell phone<>phone #'s;  google<> any details, history; GPS <> sense of direction, etc etc until brain = blob) then the magtastic nuetron bombs will be launched and usher in the next Dark Age...

Sun, 07/26/2009 - 21:57 | Link to Comment DebtorShredder
DebtorShredder's picture

The sooner the better.

These rose-colored glasses give me a headache, anyway.

Sun, 07/26/2009 - 13:44 | Link to Comment Anonymous
Sun, 07/26/2009 - 14:05 | Link to Comment Anonymous
Sun, 07/26/2009 - 15:47 | Link to Comment Bobby Fischer36
Bobby Fischer36's picture

How could there even be a discussion about Ben after viewing the Ratigan piece from Friday?

http://www.zerohedge.com/article/ratigan-spitzer-and-toure-clarify-how-fed-operates

I say bring in the hammers  Alan Grayson & Brad Sherman. I think they can figure out how to move our economy forward.

http://www.youtube.com/watch?v=DwAOF28YIiw

http://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=channel

http://www.youtube.com/watch?v=RrscKx5MEys

 

 

   

 

Sun, 07/26/2009 - 14:20 | Link to Comment Anonymous
Sun, 07/26/2009 - 15:06 | Link to Comment Anonymous
Sun, 07/26/2009 - 15:32 | Link to Comment Anonymous
Sun, 07/26/2009 - 15:38 | Link to Comment calgaryschmooze
calgaryschmooze's picture

Countries affiliated with the British Commonwealth whose troops will be in the DC area have already had their matches and lighters confiscated.

Sun, 07/26/2009 - 15:05 | Link to Comment DebtorShredder
DebtorShredder's picture

How about we get the other side to Ben Bernanke's reappointment?

Anna Schwartz says "No":

http://www.nytimes.com/2009/07/26/opinion/26schwartz.html

 

 

Sun, 07/26/2009 - 15:53 | Link to Comment Anonymous
Sun, 07/26/2009 - 15:58 | Link to Comment Anonymous
Sun, 07/26/2009 - 16:29 | Link to Comment Anonymous
Sun, 07/26/2009 - 16:48 | Link to Comment Anonymous
Sun, 07/26/2009 - 16:48 | Link to Comment Arm
Arm's picture

I did not realized I was not signed in.  This is ARM

Sun, 07/26/2009 - 19:01 | Link to Comment PolishHammer
PolishHammer's picture

Since I saw his pictures at Dealbreaker womanizing and pulling that NYC shitck, I've become sceptical.

Somehow I can't take the guy seriously.

Sun, 07/26/2009 - 21:56 | Link to Comment dark pools of soros
dark pools of soros's picture

why fight the tape?   its a market not an equation.  

 

and fundamentals only matter when money aint funny

Sun, 07/26/2009 - 15:54 | Link to Comment Anonymous
Sun, 07/26/2009 - 16:28 | Link to Comment Anonymous
Sun, 07/26/2009 - 18:42 | Link to Comment Anonymous
Sun, 07/26/2009 - 18:55 | Link to Comment Anonymous
Sun, 07/26/2009 - 19:53 | Link to Comment Anonymous
Sun, 07/26/2009 - 20:00 | Link to Comment Anonymous
Sun, 07/26/2009 - 20:59 | Link to Comment Anonymous
Sun, 07/26/2009 - 20:30 | Link to Comment Anonymous
Sun, 07/26/2009 - 20:57 | Link to Comment DebtorShredder
DebtorShredder's picture

The game still the same, but just the names change.

Who cares what these people think? Do you really believe that 1 man/woman has enough predictive power to guess how 300 million people are going to act financially in the future? People are not rational, so how would anyone be able to model their behavior?

 

Sun, 07/26/2009 - 21:16 | Link to Comment bbtrader
Sun, 07/26/2009 - 21:26 | Link to Comment DebtorShredder
DebtorShredder's picture

Is Wall Street business really that bad?

Virgin Blue to Sell New Stock

The stock last traded at 29 cents, giving the carrier a market value of A$305 million. The stock sale is being underwritten by Credit Suisse Group AG and JPMorgan Chase & Co.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2a5oB2YoSIo

Sun, 07/26/2009 - 21:33 | Link to Comment Anonymous
Sun, 07/26/2009 - 22:46 | Link to Comment Anonymous
Mon, 07/27/2009 - 07:43 | Link to Comment Anonymous
Mon, 07/27/2009 - 10:08 | Link to Comment Gilgamesh
Gilgamesh's picture

Speaking of Lennar, they are participating in the CALPERs' "here a $Billion, there a $Billion, everywhere a $Billion loss" reset program.

 

The home builder had sold its controlling interest in the project to CalPERS in 2007. The giant pension fund loses its nearly $1-billion stake:

http://www.latimes.com/business/la-fi-newhall21-2009jul21,0,3511281.story

 

Macquarie sells majority interest in US retail portfolio to CALPERs JV at $1B loss over 4 years:

http://retailtrafficmag.com/deals/0723-macquarie-sells-assets/

 

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