Contributing Editors' Blog Entries
Oct. SSTF Report - We Are Now Living Off Of The Interest
Submitted by Bruce Krasting on 11/18/2009 - 09:02 October was another loser for the SSTF. We have crossed another critical milestone on the Fund's performance. This problem is at hand, not 20 years into the future. Will it have a market impact at some point? It is only a question of when, not if.
Reggie Middleton Personally Contragulates Goldman, but Questions How Much More Can Be Pulled Off
Submitted by Reggie Middleton on 11/18/2009 - 07:29 Reggie Middleton The world's most handsome and charismatic blogger stands outside his beloved friends at Goldman Sachs headquarters at 85 Broad (see pic) to congratulate them on the outstanding CMBS offering made through TALF government leveraging for Developers Diversified Realty (notice the funny looks that I am getting from the women in the background, haven't they seen a handsome and charismatic blogger before???). A few questions still linger, though...
Pensions at Risk?
Submitted by Leo Kolivakis on 11/17/2009 - 23:43 The global affront on pensions continues. The rebound in stocks will offer a temporary reprieve, but the underlying structural problems remain and unless governments take this issue seriously, there will be many more pensions at risk.
Our Steroidally Challenged Economy
Submitted by Vitaliy Katsenelson on 11/17/2009 - 22:47 Birds are singing, the sun is shining and life is beautiful again. On the surface, the vital signs of our economy are improving with every economic report. In some areas, like unemployment, the rate of decline is decelerating; in others, like GDP, decline is turning into growth. The stock market is behaving as if the history of the last twenty years is about to repeat itself: recession will turn into a robust expansion.
Japan: Not Out of the Woods
Submitted by George Washington on 11/17/2009 - 15:22 Japan Japan has recovered . . . oh, wait . . .The Fed Talking About Reducing Leverage Is Like A Crack Cocaine Dealer Handing Out "Just Say No" Stickers
Submitted by George Washington on 11/17/2009 - 15:18 Crack Cocaine Or like Smokey the Bear handing out matches ...
ML III Report: Fed feels the pinch of CRE downgrades (just in time for that audit!)
Submitted by EB on 11/17/2009 - 12:45 CRE CRE Remember those wacky CDO’s that Goldman underwrote, hedged with credit default swaps, then promptly collected 100 cents on the dollar for (courtesy the US taxpayer) after lighting up the AIG switchboard with collateral calls? Kindly, the FRNY released only yesterday its quarterly report on Maiden Lane III.So what will burst this latest bubble? It may be simpler than you think...
Submitted by Reggie Middleton on 11/17/2009 - 11:34 Maybe, it just may be the total collapse in credibility and trust in the US Federal Reserve and Treasury. I mean, come on. Have you heard the bullsh1t that they spouted in the news this morning? Quick Bloomberg scan: Yellen Says Unclear If Use of Rates Can Stem Leverage (Update1) ...Back to the Homebuilders vs. the Banks
Submitted by Reggie Middleton on 11/17/2009 - 04:23 Do you know who the largest property owner(s) in the US is (are)?
A Sobering Dose of Reality from Economist Steve Keen
Submitted by inoculatedinvestor on 11/17/2009 - 00:04 Reality Tired of the same old US-based bears such as Nouriel Roubini, Peter Schiff and Doug Kass? Sick of hearing the US is in deep trouble argument from Mark Faber and ex-pat Jim Rogers? Then, for those of you who are not familiar with the most outspoken Australian Nostradamus, let me introduce you to economist Steve Keen.Special Inspector: AIG Counterparty VOLUNTEERED to Take a Haircut, But Geithner Refused
Submitted by George Washington on 11/16/2009 - 19:49 AIG Timmy Geithner: loyal servant to the big banks.Bernanke Blames Banks For Slow Recovery and High Unemployment . . . Then Gives Them a Pat on the Back and a Wink
Submitted by George Washington on 11/16/2009 - 18:30 recovery Unemployment While Bernanke is criticizing the banks one the one hand, Bernanke is patting the banks on the back with the other hand and giving them a big wink.Can We Save America?
Submitted by George Washington on 11/16/2009 - 13:18 Yes . . . but only if we get off our butts.
Deadly flu spreads across Ukraine
Submitted by Project Mayhem on 11/16/2009 - 09:23 Ukraine Deadly flu continues spread across Ukraine, criminal World Health Organization lies to the public, MSM maintains radio silence.