Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
The Poisoning and other links
When I run these links at Yves Q. Smith's site Naked Capitalism I am a bit the chatty Cathy. Here I run them sans commentary. For those of you who read both, the difference is simple: when in Rome. For those of you who don't, check out NC,…
Stock Market Capitalization Exceeds GDP
Barry Ritholtz offers this graph (courtesy of The Chart Store). Barry offers no further comment with the graph, but I started to wonder if the "bubble" in capitalization could be explained by the increase in business done…
A Mid-Summer’s Reflection
A personal note of reflection from Mike Farrell, CEO of Annaly Capital Management. It had been a long time between vacations. Credit crunch, lending implosion, sovereign credits going into default, currency devaluations, government…
Looting by public officials in Bell California
I heard this about Bell, California on the car radio this morning. The sums involved are absolutely astronomical for a town of 37,000. This may be an extreme case but it far from isolated. Hundreds of residents of one of the…
On Liquidating Fannie and Freddie and Other Links
Topic of the Day: Fannie Mae and Freddie Mac Fannie Mae and Freddie Mac: Unfinished business | The Economist America's housing market: Unnecessary evils | The Economist Why We Have Freddie and Fannie, Arnold Kling | EconLog |…
Taiwanese animation: Microsoft as Obi-Wan to Apple’s Vader. Where’s Skywalker?
"I've been waiting for you, Obi-wan. We meet again at last. The circle is now complete. When I left you I was but the learner. Now I am the master." "You don't know the power of the dark side!"
Draft Document Suggests Stress Tests Not That Stressful, Euro Gets Hammered
From Win Thin, Senior Currency Strategist at BBH. Newswires have reportedly gotten hold of the draft document for the stress tests, and it’s not pretty. It appears that the worst may be true with regards to how bonds would be subjected to…
Dollar Soft Ahead Of Stress Tests As European Data Still Strong
From the Brown Brothers Harriman Currency Strategy Team Highlights US dollar is mostly softer so far today vs. the majors, hurt by stronger than expected data out of Europe (see below) ahead of the European bank stress test results around…
I Smell a VAT
From The 8 Jul 2010 Daily Dispatch Dear Reader, In past editions of this service, I’ve advocated tuning your personal radar to pick up early indications that the government is taking an active interest in gold. Especially when that…
US Government now tracking gross proceeds on gold sales over $600
An interesting wrinkle in the recently passed healthcare legislation involves language inserted into the bill to track gold bullion sales. For gold dealers, the problem is the paperwork because they now have to file 1099 forms for every…