Archive for March 10th, 2009

Quote Of The Day

One of the misfortunes of our time is that in getting rid of false shame, we have killed off so much real shame as well.                               Louis Kronenberger

Credit Markets Behaving Badly

I hate to beat this drum again, but the credit markets continue to act like they are increasingly spooked. Bloomberg reports that Libor is on the rise again. The London interbank offered rate, or Libor, that banks say they charge each other for three-month loans climbed to 1.33 percent yesterday, the highest level since Jan. […]

Figuring Out The Stock Market

As you may know, I pay little attention to what the stock market does on any given day or on any given period shorter than say three or four months. But when it does go up over 6% i do at least notice. So this evening while I was getting some cardio in, I turned […]

Tension Precedes The G-20 Summit

The meeting of the G-20 scheduled for April 2 in London is getting contentious already. The Europeans want to talk about regulation and the Americans are more focused on stimulus. The reported today that Jean-Claude Juncker, Luxembourg’s Prime Minister and chairman of the 16 Eurogroup countries, says that Europe has done what it’s going […]

Bernanke On Regulation

Fed Chairman Bernanke delivered a speech to the Council on Foreign relations. In it he touched on “too big to fail”, the causes of the current financial crisis and possible future regulatory steps. “…Like water seeking its level, saving flowed from where it was abundant to where it was deficient, with the result that the […]