Archive for January 9th, 2009

Quote Of The Day

I rarely comment on the quotes I post. Today, I will. This from Friedrich Nietzsche is well worth remembering as you ponder the prognostications of writers. The historian looks backwards. In the end he also believes backwards.                                           Friedrich Nietzsche

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Recommended Read

Paul Kedrosky who writes Infectious Greed had a really good post featuring a venture capital veteran opining that the VC business is washed up. A really interesting read.

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The ABA Says Citi Is Off The Reservation On Cram-Downs

Last night I put up a post about Citi throwing in with the Congressional Democrats on mortgage cram-down legislation. I speculated that Citi was probably just doing its new masters’ bidding. Since then a couple of stories, both from Housing Wire have come out that adds a bit more meat to the bone. The first [...]

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This Employment Report Is No Way To Start A New Year

Despite the fact that the decline in non-farm payrolls was less than expected last month-524,000-today’s employment report was awful. Unemployment is up to 7.2%, though some put it as high as 13.5% using a measure that includes part time workers and those that have given up on the job market. See the graph below courtesy of Jake [...]

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