April 2010

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). April 7 (Bloomberg) -- Former Federal Reserve Chairman Alan…

Just as an update to my post Greenspan: Hate Him, Hate Him, here is Jim Grant saying similar things. Update: Here is a new longer version of the video of Grant.

For the majority of us, the credit crisis we are living through has come rather unexpectedly. And because it has been both a surprise to many and a traumatic experience to yet many more, we are all trying to contextualize it using past…

Sir Alan Greenspan was in DC yesterday, defending his legacy before the Financial Crisis Inquiry Commission. James Kwak has a piece up on Sir Alan called "Greenspan: Love Him, Hate Him." I seriously doubt many people 'love' Alan Greenspan…

I originally wrote this post under a different title yesterday. I have changed the title to more accurately reflect what I am driving at in the post. Otherwise the post is exactly the same. The question is: which media companies will find…

BBC News – UK household savings lowest in 40 years say ONS Banks write down €40bn in loans – Irish, Business – Independent.ie Reverse engineering confirms Apple iPad is 'a really big iPod Touch' With Demand for Failed Banks…

Highlights The US dollar is again being broadly supported by heightened concern that Greece’s debt/deficit issues are soon to reach a climax.  The pressure on Greece is clearly spilling over to the other Mediterranean…

Below is a link to the speech Thomas Hoenig, president of the Reserve Bank of Kansas City, gave today in Santa Fe, NM.  The critical part of his speech was: Under this policy course, the FOMC would initiate sometime soon the…

Michael Pettis is out with another great piece on the likelihood that non-performing loans (NPLs) will rise in China when the present spate of malinvestment comes a-cropper.  What caught my eye were his statements about the hidden ways…

In last month’s letter I looked at the challenges confronting the world’s baby boomers based on the assumption that we are in a structural equity bear market, which implies below average returns for equity investors for several more years…