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Janet Tavakoli on fraud, derivatives, and bankruptcy
Janet Tavakoli was a recent guest on “On the Edge with Max Keiser” and had some troubling things to say about the state of the present U.S. financial system. She believes the liquidity pumped into the system will not be sufficient…
News from around the web: 2009-10-03
Stanford Puts $1 Billion in Assets on Block - WSJ.com "Stanford University, which lost a quarter of its endowment last year, has put on the block as much as $1 billion of hard-to-sell investments ranging from private equity to real…
News from around the web: 2009-10-02
'Gold has proven historically to be a poor hedge against major inflations' - Telegraph "Professor Roy Jastram, of the University of California, conducted the longest-term analysis of this precious metal's purchasing power,…
Economic lessons for the day
This comes from an e-mail from reader Scott: Political Science for Dummies DEMOCRAT You have two cows. Your neighbor has none. You feel guilty for being successful. You push for higher taxes so the government can…
Unemployment numbers still point to partial recovery
In July, I blogged on an interesting take on how employment affects equity returns during cyclical recoveries by Van Hoisington and Lacy Hunt. Their thesis was that a recovery in which employment lags the overall upturn significantly is…
Links: 2009-10-01
Could you spare a stimulus package? - Prieur du Plessis funny. Could be GM or Citi or anybody really. Koo: Government fulfilling necessary function - Prieur du Plessis "According to Koo, American consumers are…
ISM: September manufacturing data disappoint; market sells off
The September 2009 Manufacturing ISM Report On Business showed the manufacturing sector and economy expanding. But no matter, the markets wanted more. Equities sold off in a major way today. We’re talking over 200 points on the Dow…
The failure to address the looming too-big-to-fail issue
Last week I was at the Clinton Global Initiative Annual Meeting to listen to their ideas on how to solve some of the world’s most pressing problems like poverty and education. I may have more to say about this topic in a later post, but I…