March 2009

The FSA has been on the attack of late. First they warned bankers that heavy regulation was in the offing. Now they are directly accusing Gordon Brown, former Chancellor of the Exchequer and now Prime Minister, of aiding and abetting a…

Marc Faber is a definite bull right now, despite his title as Dr. Doom. In the video below he makes his case for gold miners and for a general equity rally through April. His main points are:

Back in December when the Bernard Madoff scandal first hit, I wrote a post, Madoff as a signal to go for “regulation heavy,” suggesting that Madoff was emblematic of a reckless period in the United States, symbolized by the lax oversight of…

Warren Buffett seems to be making the rounds on television media appearances these days. Last week it was CNBC. This week it is Bloomberg. Below is the video from the first parts of his Bloomberg appearance. Well worth a look.…

He as remanded to prison immediately. Now he awaits sentencing.

Apparently, the Swiss franc is too high -- or so says the Swiss central bank. As a result, they are selling francs in the foreign exchange market to get the franc to come down. There has been a lot of speculation about the Swiss and their…

Read it at Alphaville: Standard & Poor’s Ratings Services today lowered its long-term ratings on General Electric Co. (GE) and units, including General Electric Capital Corp. (GECC), by one notch to ‘AA+’ from ‘AAA’. We affirmed the…

Initial jobless claims for the U.S. came out today for the week ended March 7th and the number was 654,000, up from an upwardly revised 645,000. This puts the widely quoted 4-week average at 650,000, a business cycle high. All numbers…

Glencore buys back debt - FT Alphaville The fix is in! MTM Accounting Deal On The Way. - Option Armageddon Greenspan Forgets Where He Put His Asset Bubble: Caroline Baum (My take on a re-post is here: The Blame Asia Meme) Climate…

I give Obama high marks for much of what he has accomplished in such a short span and the tone he has set. However, on the economic policy front, there have been lapses. This video suggests there have been many. Related article…