March 2009

Bank nationalisation 'not needed' - BBC News Goldman CEO opposed to full bank nationalization - Reuters No Doom, Just Gloom - David Levy, Barron's How Severely Will Asia Be Affected By the Global Recession? - Roubin's RGE Monitor…

Rohatyn, a Democrat, talks about the role of government in crisis, infrastructure spending and lessons from New York City's near economic collapse n the 1970s from his perspective. Royatyn is widely credited with saving New York City from…

The quote of the day comes from Marc Faber via Fleet Street News: Meanwhile, the cop who had the Wall Street beat when the biggest heist in history was going on... and who engineered the loans to AIG and GM... is now the chief of police.…

Graham Secker, a well-known equity analyst at Morgan Stanley who covers U.K. equities has warned that profits for U.K companies could drop by 60%, peak to trough. This would put make this downturn even worse than the 1930s.

In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker's dream. We're talking about Steven Leuthold, Bill Fleckenstein, Fred…

This prediction does make for a scary headline and gets Louise Yamada some buzz. But, Yamada is a technical analyst and is saying absolutely nothing about the fundamentals here. You should also note that Jeremy Grantham has said similar…

I was just discussing the recent revelation by the Federal Reserve's Don Kohn that the Fed has secretly been aiding the banking sector via AIG (here, here and here), when it was pointed out to me that a number of smart investors have been…

Don Kohn's testimony before the Senate Banking committee was so outrageous that I feel compelled to re-post the first paragraphs of this article from Willem Buiter about the moral hazard it represents. Basically, the U.S. government…

Historic P/E Ratio for the S&P 500 Hat tip Barry Ritholtz Backdoor Bailouts for Goldman Sachs? - Barry Ritholtz Former Australian Prime Minister Savages Geithner's Performance in the Asian Crisis - Yves Smith Do not rely on…