financial news

Obushma-Biney in the Home of the Frightened - Willem Buiter Tell us what you really think: "The spinelessness and moral cowardice of the Obama administration know no bounds." Fall in Libor May Overstate Improvement in Interbank…

If you are in the States, have a great holiday wekend. Friday Night Videos: Inflation or Deflation; Lost Vegas - Mish Very sobering account. By the way, the part about no notice evictions is scary and must be stopped. Don't Get…

Kevin Phillips: The New Politics of Inflation: Asian and Monetary "As of 2009, from Turkey and the Persian Gulf east to Indonesia, China and Siberia, it's Asia's turn to make the waves, rock the global financial boat and set a new…

I will be out for most of the day, but plan to return for osting by tomorrow.  Here are the links. The Destructive Implications of the Bailout - Understanding Equilibrium - John Hussman "One of the features that has enabled the…

Taipei Times - CLSA strategist warns of long-term asset bubble "A two-month global equity rally that has added US$8.8 trillion to stocks may continue in the short term as risk aversion declines and investors overreact to improving…

FT.com / Lex - The eurozone’s terrible recession "This has to be the worst of it. If it is not, then the eurozone’s prospects are grim indeed. The German economy shrank by 4 per cent in the first quarter compared to the last three…

Swine flu vaccine won't be ready for next wave - health - New Scientist "A VACCINE against the Mexican swine flu sweeping the world is likely to arrive too late for most people, vaccine officials told New Scientist between a flurry of…

We needed regulators like this when the bubble was being formed.  Elizabeth Warren is truly a breath of fresh air.

Since I was off yesterday, I have a lot of links.  Here is the first batch.  I will try and post some more tonight.  Enjoy. Geithner enriches speculators in "sham" bank bail-outs - Telegraph The US Treasury’s effort to stabilise the…

U.S. foreclosure filings sets record in April, seen jumping | Reuters "U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March,…