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Whitney: The housing market surely will double dip
Meredith Whitney was on CNBC in London this morning. She concentrates her comments on mortgages and banking. She sees the winter lull as a harbinger of renewed softness in the housing market. Note: the FOMC statement today reiterated the…
Wall Street vs. Main Street: Recessions and Depressions
This is a post from John Lounsbury which will cover ground on the official designation of recessions and his own designation of depressions about which he has written in the past. Previous articles in this series have discussed: The…
US Criticism Of China to Intensify
With US midterm elections up ahead, we are already seeing political posturing by US politicians regarding China’s currency. Democratic lawmakers are reportedly drawing up legislation that sets criteria on whether a country has a…
Waiting For Something To Turn Up: Europe’s Looming Pensions-based Sovereign Debt Crisis
As Irwin Stelzer argued in a recent opinion article in the Wall Street Journal, Spain’s Prime Minister José Luis Rodríguez Zapatero seems to be an admirer of Charles Dickens's character Mr. Micawber. When asked what he plans to do about…
And From Berlin Down to Beijing, Can’t You Just Hear Those Factories Hum?
It’s curious how one and the same message is emanating from both Beijing and Berlin at the moment: “don’t blame us, it’s not our fault”. And it isn’t. According to the Financial Times, the Chinese Authorities spent their morning pushing…
Links: 2010-03-16 – More on Lehman’s accounting fraud
Lehman Lehman Whistle-Blower's Fate: Fired – WSJ.com Blogs Beat the Press on the Lehman Brothers Scandal : CJR ABN Amro hielp Lehman bij manipulatie – Het Financieele Dagblad Dealbook Column – At Lehman, Watchdogs Saw It All –…
Strategic default: In come the waves again
John Hussman notes that the very large non-subprime Alt-A and Option ARM cohort interest-rate resets lie ahead of us and not behind us in his latest weekly market commentary. In my view, this is a very big problem for the US banking sector…
Japan – Defying Gravity?
Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing…
Gallup: Obama’s approval at new low because of 12% Republican approval
Gallup shows President Obama’s approval rating tied for a low of 48% in the most recent polling. But if you look at the data split by party, it’s like we’re living in three separate worlds.
Obama’s personal numbers have fallen…
Is China in a bubble blow-off top like Japan post-Plaza accord?
I was talking to a friend of mine who does emerging market investing for a living and I asked him what he made of recent China-bullish comments by Stephen Roach. The Morgan Stanley Asia head was in Germany speaking to German…