June 2010

Another one from David Rosenberg before I end it for the night...seriously. This one is from his morning piece, but it applies equally well now: THE NEEDLE AND THE DAMAGE DONE The needle, in this sense, is the equity market, and the…

The U.S. long bond yield is edging lower with each and every passing day, and now stands below 3.90%. At the same time, we cannot help but notice the huge gap that still exists between 10s and 30s — nearly 100 basis points. There is…

On Monday when I wrote Why Stimulus Is No Panacea, I mentioned that I had written two posts in the past entitled "It's the debt, stupid" (read them here and here). Just as the Clintonites of 1992 pointed to the economy as the…

Joseph J. Cassano, head of what was formerly an obscure 400 employee division of American International Group (AIG) with main offices in London, called AIG Financial Products (AIG-FP), testified today before the FCIC (Financial Crisis…

A post on the latest economics debates by Claus Vistesen Steve Waldman has a very good post this week about the folly about the austerity vs non-austerity discussion which seems to be going the rounds at the moment. In fact, it you take a…

While most people are tuned in to the failure of the ruling coalition in Germany to get their man Christian Wulff elected president, there are other more important numbers out today. Unemployment in Germany fell to 7.5% in the last month.…

From BBH's Win Thin The IMF just released its quarterly report on currency shares of global reserves.  In Q1 10, the dollar’s share fell slightly to 61.5% from 62.2% in Q4, while the euro’s share fell to 27.2% from 27.3% in Q4 and…

Must-reads Rajiv Sethi: On Blogs and Economic Discourse Time to shut down the US Federal Reserve? – Telegraph Blogs The Usual Fare Morgan Stanley - Global Economic Forum - The Case for Argentina Leaving oil spill alone…

I like how this reporter starts off his interview with Nouriel Roubini and Nassim Taleb. Of course what underlies this oxymoron is the "shoot the messenger" heuristic. Wikipedia describes "shooting the messenger"…

Bloomberg News is reporting that the iPhone is coming to Verizon in January. Research in Motion shares were getting crushed on the news in the pre-market. This will also be a net negative for AT&T as well since Apple has been under…