First, Megan McArdle: “Banking without risk is impossible“: The fundamental fact of a banking crisis, which is different from a crisis in any other industry, is that if people believe a financial institution to be bankrupt, it actually is bankrupt. As Arnold Kling puts it, banks exist to reconcile the desire of households to […]
Matt Tabbi at Rolling Stone has a (deservedly) scathing article on the growing student loan bubble, something that Glenn Reynolds at Instapundit has been writing about for years. Tabbi takes some cheap shots at the Right, but he’s pretty scathing on Obama as well.: Obama had already set himself up as a great champion of […]
It’s about to move into commercial real estate (emphasis mine): Investors who bought into the deal were confident that real-estate manager Tishman Speyer would be able to greatly boost profits by raising rents in Manhattan’s sizzling apartment market. But today, the 56-building, 11,000-apartment property is suffering from a slowing New York economy, a lawsuit that […]
Sandra and I are sitting here in the DC Armory, a venerable (not aging well) structure out by RFK Stadium. This is where this morning’s kickoff meeting for the 9/12 Taxpayer March on the Capitol is taking place. This meeting is only for the truly committed. First, it’s taking place Thursday morning, even though the […]
Hope at last! US To Trade Gold Reserves For Cash Through Cash4Gold.com Makes as much sense as any of the financial plans coming out of Congress and the Administration these days. ..bruce w..
I honestly don’t blame the administration for talking up the economy over the past few months. I am sure they wanted to see if they could nudge Americans into coming out of the bunkers and buying again. It worked for George Bush after 9-11, maybe they can give it one more go? Sadly, Sally and […]
MORNING LINKS ITEM: Speaking of swine flu hysteria, this may be a good time to invest in pork belly futures — there may be a shortage soon. ITEM: Yet another way in which Western Europeans are looking for the US to help them financially. ITEM: Here’s a slideshow of items from the Michael Jackson Neverland […]
OVERNIGHT LINKS ITEM: I figured that Janet Napolitano had some kind of security credentials beyond being a Democrat from a border state who was current on all her taxes. It doesn’t appear so (the credentials, that is; not the taxes; hat tip to the Drudge Report): In an interview broadcast Monday on the CBC, Ms. […]
MORNING LINKS — yeah, I’m up early ITEM: Jim Lindgren over at the Volokh Conspiracy does the simple investigation that no news organization (except possibly Fox) seems willing or able to do. His finding: states with the highest unemployment rates have high tax and unionization rates, while states with the lowest unemployment rates have low […]
MORNING LINKS BREAKING NEWS: The American crew on that ship hijacked by Somali pirates has retaken control of the ship. A reminder to the world: don’t screw with Americans. ITEM: Two books you really, really should read are Fooled by Randomness and The Black Swan, both by Nassim Nicholas Taleb. These are outstanding works that […]
