For those of you who did not see the story on mortgages in last weekend’s 60 Minutes, they revealed America’s first glimpse at a trend that is a serious threat to our economy; people intentionally defaulting on their mortgages. This except is from Minyanville’s professor Kevin Depew’s Five Things You Need To Know: (my comments […]
All the way back in August, I raised concerns about another tech bubble building in light of the valuation of VMWare shooting up to nearly $20 billion on the day of its IPO. Of course, VMWare’s market cap continued to climb, sitting at a high of $30 billion as recently as a few days ago. […]
I know that the president and the congress have been hard at work trying to perform some kind of economic defibrillation to make sure the US does not slide into recession. At present it looks like Uncle Sam is going to be handing out packages of “free money” to everyone in the country except rich […]
Asia markets are picking up again heavily on the down side, with the India down almost 10% at the moment. The Euros are predicting a start at last -3% down from yesterday’s bloodbath. At the moment the Dow futures are off 500 or so points, meaning at open it will be down 500 points immediately […]
Well, so much for containment! It seems that the banks in China were no smarter than the rest of the world, and became investors in the funny money structured investments backed up by questionable loans. From CNN Money: China’s banks feel subprime heat BEIJING (AP) — Shares in China’s banks fell sharply Monday after news […]
While the US took MLK day off in the markets, the other parts of the world traded into uncertainty and doubt. As a result all world indexes ended sharply lower: % Today % YTD FTSE 100 (UK) -5.48% -13.61% DAX (Germany) -6.83% -15.49% Nikkei (Japan) -5.49% -14.36% HANG SENG (China) -7.41% -13.22% Why is this […]
As most of the readers here know, my team has been working with new technology to extract, refine and exploit information that is all around us. We have named that technology Boomerang and one example of it is an application called Hardtack. We are approaching the 1 year anniversary of full scale data gathering with […]
Megan McArdle, my favorite blogging economist, has a lengthy, thoughtful analysis of what the retirement of the Baby Boomer generation may mean to America: As the Boomers age, they will consume fewer of the things that we produce efficiently, and more of the things that we provide relatively inefficiently. Productivity is notoriously difficult to project, […]
Lost in the Election and Brittany din, the cold wind of recession is starting to blow hard enough that even the mainstream media types are starting to see smell it. Worse yet the deflation triggers are continuing to fire faster and harder since Christmas. Some of the facts: The Dollar continues to weaken against other […]
Unqualified Reservations is a new addition to my daily blog reading, largely because of posts like this one: A better way to think of our present financial system is to compare it to Microsoft Windows. Windows is indeed complicated. It is astoundingly, brilliantly, profoundly complicated. If there is anyone in the world, even at Microsoft, […]
