Warren Buffett is all over the place these days. He was busy investing at Constellation Energy and Goldman Sachs. Now, he’s investing at GE — $3 billion at that. Judging by his market timing approach, it does seem assets are cheap enough that he’s willing to step in and take a risk.But [...]

The ISM Manufacturing survey, a widely-followed gauge of manufacturing activity in the United States, plunged in September from a near-recession reading of 49.9 in August to the deep recessionary level of 43.5. This shockingly steep fall is yet another sign that the U.S. is in recession.Last Thursday a foreshadowing of the ISM survey came [...]

For a few months now, I have been wondering where all the hedge fund fallout from global market turmoil was hiding. Now it seems that the turmoil in the hedge fund world is becoming more apparent — hedge funds are imploding left and right according to the FT.
This turn of events will mean one [...]

The FDIC has a chronology of the Savings and Loan crisis on its website. I think they do a pretty good job of highlighting all the key points without slanting things for political purposes. See the link at the end of the post for the chronology.
The S&L crisis bears keeping in mind as [...]

Yesterday, Nouriel Roubini, Professor of Business at New York University and most prescient prognosticator of the bubble, gave an interview to Bloomberg Radio. This is one of the most comprehensive interviews I have heard him give.
It is definitely worth listening to. Below is the Bloomberg summary of the interview highlights.
Click here to play.
Nouriel [...]

The next time you hear someone say that things are worse than the Great Depression now, do me a favor and smack them upside the head for me, please. This is the kind of nonsense you hear nowadays and we need to dispel these myths right here, right now before people start to believe [...]

In her interview with Sarah Palin, Katie Couric asked the vice-presidential candidate what newspapers she reads to get current on world affairs. Palin’s response was: “ALL of them.” Take a look at the video below.
Before the last week or so, I was willing to give Sarah Palin the benefit of the doubt. [...]

Times are tough! So, what should we do? Escape, of course… to house heaven. I have a few dream spots where one could move to forget about all the market turmoil to start things off right in our round-up.
For those of you who want the hard hitting credit crisis stuff, there’s lots [...]