February 2010

I am back from a week in Mexico.  And here in DC there are still mountains of snow on the ground. Here are some links I picked up on yesterday on my way home. Cheers. Edward PS. – the article from Worthwhile Canadian Initiative is…

Yves Smith and I received a tip at the weekend from a friend who reads the German press regularly about credit default swaps (CDS) on Greek government debt. Read Yves’ piece based on that article here. Below is mine. Previously, I had…

Apparently, some of the ‘best reforms’ now being instituted in the U.S. to prevent a liquidity crisis in the future include limitations on demand deposits (hat tip Karl Denninger). What financial institutions are trying to prevent is a bank…

This post originally appeared at Global Economy Matters. The Eurozone's current problems are not mainly a result a of profligate and reckless spending of government resources in the Eurozone periphery . Even Nobel laureate Paul Krugman…

David Rosenberg took your questions on housing - The Globe and Mail What happens at absolute zero? - New Scientist Don't criticize your employees in front of consumers: It's bad for business - Science Daily Kühne Hoffnung:…

In the wake of the most recent Matt Taibbi polemic “Wall Street's Bailout Hustle,” I think the video below about financial fraud is appropriate viewing. I liked the Taibbi piece - although it certainly had a certain over-the-top gonzo feel…

This came in via the U.S. Department of Labor early this morning: In the week ending Feb. 13, the advance figure for seasonally adjusted initial claims was 473,000, an increase of 31,000 from the previous week's revised figure of…

A few thoughts on the links here Notice Michael Tomasky’s calls for higher taxes. He says: If there is one core attribute that makes Democrats Democrats, it is that they believe in government, which means you have to believe in taxes,…

Last summer, I heard from a source close to the Obama Administration that the public option was mostly a bargaining tool and that the Obama Administration would only use it in order to pass healthcare reform. Translation: the Obama…

When is a Fraud Not a Fraud? (Greece-Goldman Edition) – naked capitalism The Greek derivatives aren't Goldman's fault | Analysis Borg tror inte Greklands plan räcker – DN.se Lenihan offers advice to Greeks on cutting deficit –…