- Raghuram Rajan Speaks at 2009 Homer Jones Lecture – St. Louis Fed
Financial institutions considered “too big to fail” could be asked to develop a bankruptcy contingency plan that would lay out how they would resolve themselves quickly. He said such a “shelf bankruptcy” plan would require banks to track and document their exposures much more carefully and in a timely manner.
- Apple reports best ever March quarter with a $1.21b profit, calls netbooks “junky”
“When I’m looking at what’s sold in the Netbook market, I see cramped keyboards, junky hardware, very small screens, bad software. Not a consumer experience that we would put the Mac brand on. As it exists today, we’re not interested in it nor would it be something customers would be interested in the long term.”
- Investors.com – Every New Thing Eventually Turns Stale
IBD research shows that the average life span of a winning stock is a year and a half to two years.
- Elizabeth Warren Overstepping Her Bounds – Joe Weisenthal
“a number of commenters are making some pretty compelling arguments that TARP watchdog Elizabeth Warren is blowing her credibility in the manner she’s going after Geithner”
- Obama triggers firestorm in CIA interrogation case
“President Barack Obama came under strong criticism from Republicans on Wednesday for leaving the door open to the prosecution of former Bush officials who authorized severe interrogations by the CIA. Obama’s…”
- U.S. shifting Mideast policy – The Japan Times Online
Thi is a sobering view from Japan of American power. “The point is fast approaching, as well, where America will finally have to use its remaining power to bring Israel into line and to unwind its settlements in what should be the new Palestine.”
- Are We There Yet? (PDF) – Paul Kasriel and Asha Bangalore, Northern Trust
Revising up Q1 GDP estimates but down Q2 estimates. Hat tip CR
- Blick Log – US Blogger streiten über Qualität deutscher Wirtschaftsblogs
The Germans start defending themselves. Felix has started something I intend to take Europe-wide. Why are there fewer non-U.S. blogs?
- YouTube – Susan Boyle – Singer – Britains Got Talent 2009 (With Lyrics)
Everybody’s been talking about this. My mother-in-law clued me in to this pop phenomenon. Amazing.
- FT.com – Brussels rejects Bundesbank chief’s criticism
Cat fight among the Eurocrats. The European Commission said it was “not helpful for people to make misguided public comments concerning the Commission’s approach to state aid for banks without first discussing the matter with the Commission itself. If Axel Weber had done so, he would have known that the Commission is actively defending the single market and working to ensure a recovery from the current financial crisis?.?.?.?His comments are misinformed.”
- FT.com – Transcript of FT interview with Axel Weber, president of the Bundesbank
He’s not keen on the ECB’s appraoch
- Research Recap – Fitch Cuts CMBS Ratings in Wake of General Growth Filing
I wonder if this is on Obama’s radar screen?
- Willem Buiter’s Maverecon – Darling is doing his best to clean up Brown’s mess
I think the title says it all, doesn’it?
- Mexico oil output falls 7.8 pct in Q1- Reuters
Mexico has seen peak oil. Their production is clearly in decline now.
- Alice in financeland – Paul Krugman Blog – NYTimes.com
So Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up.
- The Missed Opportunity « The Baseline Scenario
Bans are blocking opportunities in autos and consumer debt. Dothey have too much power? Probably yes.
- Ein ? für Blogs – egghat
A list of some of the best German finance blogs.
- The Reeducation of Tim Geithner – Portfolio.com
A very sobering analysis of the Treasury Secretary. Hat tip Felix Salmon