19 November 2009

I pick up Bill Gross where I left him on Friday.  He said in his monthly newsletter that the Fed is going to keep interest rates at zero percent through 2010. But, he is not willing to stick his neck out in a liquidity seeking return…

I have written extensively about how I believe the bank bailouts were the worst of all possible solutions – fixes that perpetuate too big to fail, moral hazard and crony capitalism.  That ship has sailed, but the questions still linger…

Video embedded below. See also Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired - Yves Smith

Here’s another interesting piece from Randall Wray, the economics professor from University of Missouri-Kansas City (that same school which employs Bill Black of “The Best Way to Rob a bank is to own one” fame). Wray has a lot to say…

The Rise and Fall of Empires - Paul Kedrosky (cool visual) FT Alphaville - A Minskian roadmap to the next gold mania At Failed Banks, Post-Mortems Disclose Excessive, Yet Obvious, Risk - NYTimes.com Economic Perspectives from…

Initial jobless claims for the past week were 505,000, tied with last week for the lowest since January. This brings the 4-week average down to 514,000, the lowest since November of last year and the 11th consecutive week of declines. …

I want to take a break from banking and macro stuff and talk a little bit about technology. I wrote an article about Android a few weeks back. That was a more personal account on why I was switching from a Windows Mobile phone to Android,…