Credit Backlash
MORNING LINKS –first two are bumped from overnight links Item: (April Fool’s joke): The 2010 All New Omobile! ITEM (ah, if only it weren’t a joke): Obama forces GM chief out, puts Reid, Pelosi on leave ITEM (not a joke, but wouldn’t it be ironic?): Penn State researchers have discovered how to use microbes to [...]
From the amazing iTulip.com site, a graph that well explains the likelihood of the idea that we are in a new “bull market” just because we had 4 days where the stock market did not dive.
Continue reading about Moment Of Clarity – The New Bull Market
Does the phrase “going to Hell in a handbasket” mean anything to you? I’m starting this post on Tuesday evening, with “American Idol” on the background. I can hardly keep up with the gaffes, mendacity, and sheer idiocy coming from the Obama Administration and the Democratic Congress on a daily basis. And trust me when [...]
. . . will be later today. Right now, it’s Tuesday morning, so it must be link time: President Obama’s War on Business continues. As I noted yesterday, I’m not happy with the AIG payout, but it is both unseemly and dangerous to have the President of the United States singling out and using taxpayer [...]
. . . can’t trust that day . . . Obama & Company are trying to figure out how to get out in front of taxpayer anger rather than be the target of it. Good luck with that! On the other hand, if Obama had been honest before the election last fall . . . [...]
It is forgivable, really. The economic shock during October and November pushed the global economy into a significant recession. Then America elected their “Hope and Change” ticket, with fantasies of a quick fix to what was a deep rooted systemic fault in the financial systems of the modern world. By throwing vast sums of money [...]
Continue reading about Economic Collapse Round 2 – Getting Started
I have been warning now for several weeks that the second big round of financial stress has been gathering strength, carefully picking it’s time to emerge and unfold. This week the European Union will hold a summit to try and chart a course out of the death spiral that many EU member nations now find [...]
Continue reading about Economic Collapse Round 2 – Almost Ready!
There’s a great article over at Wired.com by Felix Salmon called “Recipe for Disaster: The Formula That Killed Wall Street”. In it, Salmon traces the history of David X. Li and his Gaussian copula function (see above) that led investment firms worldwide to pour trillions of dollars into complex — and, as it turned out, [...]
Now that they are beginning to see that the original bailouts and TARP is not working, your government is preparing yet another exotic scheme to try and rescue the financial industry. From the Financial Times: US set for ‘big bang’ financial clean-up Barack Obama is gearing up for a “big bang” announcement next week that [...]
Continue reading about Bad Bank – Another Rabbit Out Of The Hat
Tuesday morning links
First off, don’t miss Henderson’s analysis of the pending missile shot by the North Koreans. Opposition within Congress to the cram-it-through legislative approach of the Democratic leadership: “The process by which these changes have been forced upon this body is so deeply offensive to me, and so deeply undemocratic, that it puts the omnibus appropriations [...]
Continue reading about Tuesday morning links