Contributing Editors' Blog Entries
Investor Psychology: Fear Turns People Into Sheep
Submitted by George Washington on 11/06/2009 - 19:15 Investors are basically rational, right? In fact, as many studies have demonstrated, the answer is no.
Is the Economy Recovering? The Curious Case of 1920 vs. 1929
Submitted by Econophile on 11/06/2009 - 15:34 In order to understand the present state of the U.S. economy you have to understand that there are two things happening at once. For the most part they are in conflict with each other, in that one track can negatively impact the other. Lest I be accused of putting out conflicting information, there is evidence that the economy is recovering in some fashion, but not because of the reasons most economists and politicians think. There are still substantial prevailing winds blowing against the kind of recovery most commentators are hailing as fact. But economies have a tendency to repair...
Nouriel Roubini on U-Shaped Recovery, Carry Trade Bubble and Housing
Submitted by asiablues on 11/06/2009 - 10:39 Carry Trade Nouriel Nouriel Roubini recovery In this interview with CNBC on Nov. 4, 2009, Dr. Nouriel Roubini, professor of economics at the Stern School of Business, New York University and chairman of RGE Monitor, cautions investors of the coming asset bubble and crash caused by the dollar carry trade, and at the same time shared his views on the economy and housing. This is the second time in many weeks that Dr. Roubini warned of a growing dollar carry trade and threatening to cause a global implosion. The following is a summary of his CNBC interview along with my comments.
CPP Flexes Buyout Muscle?
Submitted by Leo Kolivakis on 11/05/2009 - 22:14 Let me put it more crudely. A senior portfolio manager in public markets once told me "when you're writing $100 or $200 million tickets to private funds, they all want to blow you."The Government is Patching the Barn Door Instead of Catching the Escaped Horses
Submitted by George Washington on 11/05/2009 - 19:10 Fiddling while Rome burns ...
Goldman/Buffett/Fannie Tax Deal Inked a Month Ago
Submitted by Bruce Krasting on 11/05/2009 - 17:46 Goldman Buffett That tax deal with Fannie that was recently leaked was actually old news. Fannie signed the deal prior to September 30. So why the recent press? Some one was trying to put some muscle on the "deciders' before the talks were made public. Is this that "opaque government" we were expecting?
Treasury BAC Minutes pt 2: No inflation worries here!
Submitted by EB on 11/05/2009 - 14:50 BAC We commented yesterday on the absurd (or threatening) hypothesis that the Fed would drain all $1 trillion in excess reserves by the end of March, 2010. Today, we reenter the fascinating world of JPM, Goldman and Pimco Treasury advisors, where inflation is relegated to a mere marketing device, and passing the buck to the last bondholder is a game unto itself.
Debugging Gold for the Gold Bugs
Submitted by Fibozachi on 11/05/2009 - 09:30 Gold Bugs In our latest piece (within a series of analyses that detail both the technical and fundamental landscapes of gold, silver, copper, oil, the CRB (Commodity Index), the US Dollar, the EURO and the remaining major currencies of the G8 in relation to one another), we at Fibozachi present an initial look into the technical composition of gold.
An Unusually Cheery Set of Links
Submitted by inoculatedinvestor on 11/05/2009 - 01:26 For a change, this week I decided to only comment on links that suggest that everything in the world is rosy and that the US is already in the middle of an impressively sound V-shaped recovery. Too bad I couldn’t find anyone who argued either of those points credibly. Oh well, guess everyone will have to settle for yet another dose of reality.
Here's a Big Company Bailout by the Taxpayer That Even the Taxpayer's Missed!
Submitted by Reggie Middleton on 11/04/2009 - 23:32 Riddle me this. An industry gets into trouble due to chasing fads, loading up on debt and overpaying for property. Many participants in said industry flirt with insolvency due to difficulty meeting debt service and asset values that have dropped below liabilities. This industry has been gifted with a special...Ganging Up on Hedge Funds?
Submitted by Leo Kolivakis on 11/04/2009 - 22:07 Many big hedge funds (and private equity funds) become asset gatherers, collecting 2% on huge assets. When you see more marketing personnel than investment professionals visiting you, pull the plug fast!
Politics and Destruction
Submitted by Cheeky Bastard on 11/04/2009 - 16:06 The history of mankind is dominated by politics. Since the early gathering communities until the present postmodern political environment. All great historical events can be traced back to a series of political decisions, which were either done by the ruling political option or its opposition. The main purpose of this short article is to present the underlying realities of that what is considered political, and also to give a critique of the present state and define its anomalies and irregularitiesWall Street Journal Admits Economists Were Wrong, But Fails to Discuss their INCENTIVE for Being Wrong
Submitted by George Washington on 11/04/2009 - 16:01 Wall Street Journal Why economists REALLY got it wrong...