March 2009

Predictions Whitney says credit cards are the next credit crunch - Reuters (I have also predicted that this would occur) S&P to bottom at 600 points in October: Merrill (More Predictions, this time from David Rosenberg)…

According to this Bloomberg video, China will enter deflation when data is released later today. Deflation may stay with China for all of 2009 because of lower commodity prices:

From Justin Fox of Time Magazine:   FDIC chairman Sheila Bair doesn't think a full government takeover of Citigroup and other multinational financial institutions is practical or even possible. Here are her reasons, as summarized by…

This is the name of a speech made by Kansas City Fed CEO Thomas Hoenig which is creating quite a stir. He makes the following points in his speech:

Thirty years ago, it was "Anarchy in the U.K." as Britain tried to get away from its role as the sick man of Europe. That meant civil unrest, high inflation and a weak economy. Margaret Thatcher was seen by many as the solution. Today,…

Three more Obama nominees withdraw from running - Telegraph (hat tip Michael) Returned to TARP - FT Alphaville R.B.S. Seeks to Unwind a Decade of Deals - Deal Book - NY Times Geithner, With Few Aides, Faces Challenges - Deal Book -…

Let's talk a little about the data released on Friday. On the plus (contrarian) side, everybody is talking about the unemployment number and NOBODY happened to mention that consumer credit was UP on Friday, even before TALF. I think we…

Warren Buffett answers questions from viewers on CNBC. He talks about his investment philosophy and recent stock picking performance. He bought ConocoPhillips at the top. And he made poor investments in Irish banks. About Wells Fargo, he…

Warren Buffett spoke with CNBC about the U.S. economy and the banking system in an interview televised this morning. His basic message was that the economy cannot function without confidence in the banking system. The FDIC can work its…

A video from Saturday Night Live.