July 2009

Peter Brimelow: Wall Street-Washington collusion? - MarketWatch Just my kind of article. Hat tip Marshall Auerback. Yao Ming likely out next season - NBA - Yahoo! Sports No Tracy McGrady or Ron Artest either Dismantling the…

These two seizures are going to be costly. The first one here, Vineyard Bank in California  is going to cost the taxpayer an estimated $579 million.  The second, Temecula Valley Bank in North Carolina, is estimated to cost $391…

The first bank failure is in Georgia, a state where many FDIC seizures have taken place. On Friday, July 17, 2009, First Piedmont Bank, Winder, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit…

While Tim Geithner is out in the Middle East making the obligatory rounds, professing support for a strong U.S. dollar, investment strategists are wondering aloud whether a weak U.S. dollar is really what the U.S. government wants. …

Marc Faber was quoted in June as saying he expects a major move in financial markets, but is unclear which directions markets will turn.  His statements suggest to me he could be advising clients to go long volatility in anticipation…

I supported a proposal to help foreclosed homeowners by Dean Baker and Andrew Samwick back in June (see “Why not protect the homeowner?”).  Apparently, the Obama Administration likes this proposal and is floating a trial balloon via…

Don't let government misdirect anger to Wall Street so that government gets a free ride. Government is responsible for the lack of criminal prosecutions, the coziness with big business and the dominance of special interests. We need to…

I just read a CNBC story which fails to mention CNBC’s involvement in the apparently erroneous report that Nouriel Roubini has suddenly become more bullish. Is this omission justified?  The controversy centers on statements Roubini…

Here is a video released by Karl Denninger of Market Ticker in which he shows exasperation with CNBC’s pro-bullish bias.  He notes that CNBC used comments by Nouriel Roubini to suggest the economy is rebounding faster. Denninger sees…

China market value overtakes Japan's | The Japan Times Online Can you say bubble? Video - NASA Releases Restored Moon Landing Video - WSJ.com The original tapes were copied over, so these are restorations of copies. "NASA…