As Greg Mankiw wryly notes, the White House and it’s resident economic genius — Larry Summers — have tons of data with which to gauge the course of the economy. Here from Mankiw is how they go about their business, or at least explain it to simpletons like us. Of all the statistics pouring into [...]
Archive for July 17th, 2009
From Georgia to California, the avenging FDIC strode the land this Friday and struck down four more miscreant banks. Here are the links: Temecula Valley Bank, Temecula, California Vineyard Bank, Rancho Cucamonga, California BankFirst, Sioux Falls, South Dakota First Piedmont Bank, Winder, Georgia Rumors have been floating around that Sheila Bair let slip to a [...]
Walter Cronkite has passed away at the age of 92. As someone who grew up when the “instant” news came via the evening news, Cronkite was the voice of authority. A journalist to his core, he never compromised his values.
From Deus Ex Macchiato: In their latest research report, Wells Fargo (formerly Wachovia) analysts calculate that 360 CDO of ABS have now triggered an event of default – up from 343 last month. At $351.6 billion, the notional value of these deals accounts for just over half of all CDOs of ABS. How could so [...]
Well this weekend certainly took a turn for the worse. Tiger Woods missed the cut at the British Open. At least I won’t be tempted to crawl out of bed at the crack of dawn and rationalize wasting the better part of two days in front of the tube. more: here
Mark Cuban went toe to toe with the SEC over insider trading allegations and it appears as if he won. From the WSJ: A federal judge on Friday dismissed the U.S. Securities and Exchange Commission’s insider-trading case against Dallas Mavericks owner Mark Cuban. The SEC alleged in November that Mr. Cuban sold his stake in [...]
I don’t follow individual stocks that much nor for that matter do I pay a whole lot of attention to the stock market on a short-term basis. There are a lot of men and women out there that do it better than I can so, I rely on what a selected few have to say. [...]