July 2009

Below is a very good hour-long interview I spied earlier today with Janet Tavakoli, the author of a new book ”Dear Mr. Buffett.”  Hat tip Zero Hedge. I also linked out earlier today to a piece she wrote over at CNN on “What Wall Street…

Back in the 1970s, a Japanese car would be laughed off the road in America as a cheap poor man’s vehicle. But thins changed. Remember the Datsun 240Z? That was a car that showed us the Japanese were for real.  Datsun became Nissan and…

I found a number of interesting articles this morning – a lot outside of finance and economics.  So I am putting out another links post. Enjoy. I wasn’t impressed by China’s high reserve and GDP growth numbers A lot of interesting…

While Citi and BofA are getting taken to the woodshed for double secret probation, JPMorgan Chase is showing record revenue of $25.6 billion and a large profit of $2.7 billion.  As profit is up 36% from a year earlier and 27% from just…

On the surface this week’s jobless claims data look very good. Initial claims came in at 522,000, the best since the first week of the year and pulling the 4-week average below 600,000 for the first time in about six months.  Moreover,…

Finance and Economics US group calls Fed 'tarnished,' demands risk monitor - Reuters Donaldson and Levitt don't want the Fed as SiRR. Securitization Group Wants Greater Risk Disclosure by Lenders - HousingWire What Wall Street owes…

I have highlighted comments by famed Columbia University economist Jagdish Bhagwati before (see “Jagdish Bhagwati: Obama is a protectionist”).  Bhagwati has since gotten with the program and sees Obama in a much more favourable…

The Investors' Working Group, an independent coalition of leading lights in economic policy and finance has issued a final paper of recommendations on regulatory reform in the United States.  They do NOT want the Federal Reserve as…

This comes from the Wall Street Journal: Small-business lender CIT Group Inc. said "there is no appreciable likelihood" that it will receive fresh government support, suggesting that the company might instead seek to file for…

This comes via Liz Pulliam Weston of MSN Money. You probably know that it's not a good idea to make too many claims on your homeowners insurance policy, because your insurer could drop you. What you might not know is that a claim…