News

I was interviewed on the BBC last night about the GM/Opel/Vauxhall deal. I am waiting for video before posting any more about it.  My general feeling, however is GM’s backing out is being driven by reflation as GM no longer needs to…

The sale to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank is off. With bankruptcy now behind it, General Motors now feels confident it can proceed with Opel under the GM umbrella. From the GM press…

I will be on Canada’s BNN TV at noonish talking about finance: Banks and Buffett. It will be a casual discussion with the moderators Howard Green and Andrea Mandel-Campbell and one other guest, Brian Milner of the Globe & Mail. Below…

I will be out of pocket in the early morning. Back late morning for more news. I expect to update my thoughts on the UK TBTF situation. Junk bond revival stokes credit bubble fears - Telegraph I share these fears. (My post:…

White House Will Not Be Told By The AP How Many Jobs The Stimulus Has Created - Dealbreaker Funny. Industrial output up 1.4% last month | The Japan Times Online More bullish data in Japan. What Exactly Is Going On…

The Nationwide monthly index of house prices came in this morning showing a 0.4% bump in October from September. While this was less than last month’s 0.9% rise, it was the sixth consecutive month of price increases and it marked the first…

Finance and politics New Name Floated In Geithner Replacement Talks - Dealbreaker What up, bankster? Sorry, I know I said I wouldn’t be using that word but it’s in context and I had to say it. This will be the new Treasury lyrical…

Finance and Politics All Debt is Not Created Equal: Government Debt is NOT the Same as Private Debt - Marshall Auerback Must-read Why rich college kids can sell dope and you can't - Denver News I have a slightly different take…

The Norwegian central bank has hiked rates 25 basis points, making it the third central bank and first European central bank to do so since the global recovery process started. The Financial Times says: Norway’s central bank increased…

CyanogenMOD Hits Stable 4.2.1 Release, Reduces Home Screen Lag - Lifehacker Very good hack FT Alphaville - South Korea in a won-win situation Ex-Morgan Stanley's Stephen Jen is bullish Helicopter Crashes Kill 14 Americans in…