News from around the web: 2009-11-05
Be sure to see William Shatner’s poetic reading of Levi Johnston’s tweets below. Pretty funny.
"Buffett isn’t as bullish as he sounds."
I have always said George W. Bush is NOT dumb. He is just wilfully anti-intellectual. This goes to that belief.
But you knew that
Civil liberties, anyone?
"Welcome to the world of business"
3 billion more for Germany’s black hole HRE. Where is Neelie Kroes on this? H/T egghat.
"decrease the liquidity and capital adequacy of the insurance operations"
This is the county sewer CDS case.
DTAs go poof if no profits are made. Watch this.
A Fed exit could mean higher rates and lower values
This is not good
Good move after $1 billion profit. Huge greenshoe, low coupon.
Expect more of this in Germany.
Good points on India, China and the US
Distraction of the Day: William Shatner in rare form
Also see: News from around the web: 2009-07-29 where Shatner reads Palin Poetry.
Ed – as ever, thanks for the Roach link:
“… America’s consumption is close to $9 trillion while China is about $1.2 trillion and India about $650 billion. There is no one who has stepped up to the plate on the demand side to fill the void of the American consumer. This situation will continue for at least three to five years.”
This is an interesting time-speculation from someone who’s opinions should be respected. I am slightly bothered by the “at least”, but -at least- we can perhaps assume that somehow any withdrawal/reversal of QE will be further complicated by this time-scale of say 5 years. Is 5 years too long to stop the global economy from implosion in the meantime? Let’s hope against hope that we can somehow muddle though until the Indians and Chinese can in the nick of time come riding to our rescue.
That is the hope, isn’t it?