I started writing a blog about a year ago for a company. Shortly afterwards baseball season commenced. I posted this video in honor of the “thinking man’s sport” but I don’t think they appreciated the fact I did so. But here we are at the beginning of another opening day and I get to keep […]
Archive for April 4th, 2009
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Dependency Data
Posted by Tom Lindmark on April 4th, 2009
Via Infectious Greed, a fascinating chart. These are the numbers that will drive prosperity and determine the economic winners and losers.
TARP Watchdog Calls PPIP Provisions Preposterous-Wants Shareholders And Management Wiped Out
Posted by Tom Lindmark on April 4th, 2009
Elizabeth Warren, the Harvard professor and TARP watchdog, is set to make life very difficult for the Obama administration next week. The following from the Guardian,co.uk needs no embellishment from me; Elizabeth Warren, chief watchdog of America’s $700bn (£472bn) bank bailout plan, will this week call for the removal of top executives from Citigroup, AIG […]
Some Thoughts On Prediction And Economists
Posted by Tom Lindmark on April 4th, 2009
A little esoteric but still full of great ideas is this article from the Weekly Standard. The author writes of prediction, chance and economists. Here is a bit of it: One group of those involved in the present financial crisis has so far escaped notice–the economists. They are masters in the science of prediction, but […]
Toxic Assets And Pension Funds-A Good Mix?
Posted by Tom Lindmark on April 4th, 2009
You tell me. Is this a good idea or an unconscionable risk. Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or “toxic assets,” the Bergen County Record in New Jersey reported. The Record said pension officials from New […]
Guess Who Miscalled The Icelandic Economic Implosion
Posted by Tom Lindmark on April 4th, 2009
This is probably unfair, but I’m going to put it up anyway. In June 2007 the U.K.’s Financial Services Compensation Scheme (sort of like our FDIC) issued a report on Icelandic economy. They quoted an “expert body” which said that, “The medium-term prospects for the Icelandic economy remain enviable.” Of course, a couple of months later […]
An Expert Questions China’s Manufacturing Prowess
Posted by Tom Lindmark on April 4th, 2009
I am no expert on China, but the amount of space given over to the subject of China on the blogosphere has never ceased to amaze. I am also surprised that I rarely see any opinion that suggests that the country is not destined to become one of the most formidable forces on the planet. […]
