Contributing Editors' Blog Entries
Copenhagen Framework Demands Huge Amounts of Spending, But Allows Enron-Style Accounting Tricks So That Carbon Isn't Actually Reduced
Submitted by George Washington on 12/11/2009 - 12:17 Copenhagen Breathtaking ...
The Solution to the Goldman (and by Extension, the Securities Industry) Compensation Dilemma
Submitted by Reggie Middleton on 12/11/2009 - 08:39 While the recent Goldman announcement may sound good to some, it entirely misses the point of the outrage of the many who actually realize what is going on. Further, it fails to go far enough. What Goldman needs to do is to go back to its partnership days where it was their capital at risk (all of it) and not the shareholders.
PSP's 2009 Annual Public Meeting?
Submitted by Leo Kolivakis on 12/11/2009 - 00:25 There were fireworks in Ottawa on Thursday, and I am not talking about the Afghan torture backspin which leaves Tories squirming. Almost five months after revealing their disastrous FY2009 results, PSP Investments held its first ever annual public meeting in Ottawa.
FTU: Fibozachi Technical Update - 12.10.09
Submitted by Fibozachi on 12/10/2009 - 20:00 Fibozachi A Detailed Technical update of the BKX Bank-Index, Crude Oil, Gold, US Dollar, Google, NASDAQ Composite, S&P Cash and DJIA CashAre Food Stamps the Soup Lines of this Great Recession?
Submitted by George Washington on 12/10/2009 - 19:31 Recession No dramatic photos, but the statistics are dramatic ...
Dear President Obama, Here's The List You Asked For
Submitted by Econophile on 12/10/2009 - 18:32 President Obama At a jobs summit with President Obama, Democratic and Republican leadership gathered at the White House to discuss the Administration's job bills. Apparently it got a bit testy. Republicans pushed Mr. Obama to freeze federal spending, a plea the president answered by repeatedly challenging them to produce an economist who believed that cutting spending now would be a good idea. His query was met with silence. So, in order to rescue the inept Republicans, I have a list of 200 respected economists who would gladly support a freeze on federal spending.
Greece, China, USA and the Euro - All Connected?
Submitted by Bruce Krasting on 12/10/2009 - 16:02 China Greece Some thoughts on where the Greece story may go. Two possible outcomes. They both have significant impacts.Financial Reform Is Being Gutted ... And Congress Might Not Even Realize It
Submitted by George Washington on 12/10/2009 - 15:24 Dumb ... or complicit?Giant Banks Are Trying to Make Bailouts Permanent. They'll Succeed Unless We Raise a Ruckus
Submitted by George Washington on 12/10/2009 - 12:49 And they're close to succeeding ...
China vs. the World
Submitted by Vitaliy Katsenelson on 12/10/2009 - 12:30 China This paragraph, taken out SoGen’s Dylan Grice research report, sums up the dichotomy of how investors look at China and the rest of the world.
Some Like It with Financial Amnesia
Submitted by Static Chaos on 12/10/2009 - 01:11 Considering it was just a year ago when we were jolted into this banking-induced recession, you can imagine my astonishment when I read this recent Forbes headline: “Dubai's Failure Exposes A U.S. Advantage The well-regulated U.S. financial sector has a lot to show for itself.”Has Bubble Ben Shown His Hand?
Submitted by Leo Kolivakis on 12/09/2009 - 19:38 Clearly Bubble Ben has shown his hand but don't be so convinced that the Fed will not raise rates in 2010. If the recovery comes in stronger than anticipated, you might see some significant rate hikes in the second half of 2010. That's when the markets will really get interesting.Financial Innovation vs Financial Fraud: A Reggie Middleton Rant
Submitted by Reggie Middleton on 12/09/2009 - 18:45 Reggie Middleton Innovation, in and of itself, is a very good thing. The issue currently at hand is that it was not financial innovation that got us into this mess. It was fraud! Financial engineers attempted to create methods of circumventing regulations, laws, prudent risk management, common sense and mean market returns. This lying, in turn, was labeled "innovation", which it absolutely was not, and the moniker has been carried on in the media ever since.That Nice Mrs. Romer Is . . . Dangerous
Submitted by Econophile on 12/09/2009 - 16:48 Christina Romer is one of Obama's chief economic advisors. But she has absolutely no clue what to do about this crisis. Her recent letter defending the Administration's policies is just the usual hack political stuff one would expect from them. She is typical of the problems in Washington. She means well, but she is fabricating the truth in order to justify their actions. Their approach to using government power is one we should all be afraid of. She spells it out quite clearly.