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Links: 2010-04-09
FT.com – Kenneth Rogoff – Bubbles lurk in government debt Housing market overheating: Royal LePage – The Globe and Mail A Math Primer on Sovereign Debt – NYTimes.com Junk has outperformed quality so far this year Mark Hulbert –…
Dollar Pares Week’s Gains
Highlights The US dollar has been softening since yesterday in the European morning. There has been follow through in euro buying today after the year’s low was successfully tested yesterday. However, despite…
The Bundesbank slams the proposed EU-IMF Greek bailout as unconstitutional
Media reports suggest that a recent article in German daily Frankfurter Rundschau are what have triggered the latest selloffs in Greek sovereign debt (See the Telegraph's account here; hat tip Swedish Lex). This article leaked portions of a…
Citigroup’s Chuck Prince confirms that risky behaviour drives out prudent when risk is…
Former Citigroup CEO Chuck Prince made what could be considered the most infamous statement of this credit crisis when he said: "as long as the music is playing, you've got to get up and dance. We're still dancing." -Citi…
US Pension Funds are implicitly betting on Dow 40,000
Remember absurd books like Dow 30,000 or Dow 36,000 or the eponymous Dow 40,000? In 2008, I labelled them "Five Books not to buy." Well somebody must be buying them because Dow 40,000 is implicitly what pension funds are expecting…
Greenspan Came Not to Save Consumers but to Bury Them
Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009).
April 7 (Bloomberg) -- Former Federal Reserve Chairman Alan…
Jim Grant on Alan Greenspan
Just as an update to my post Greenspan: Hate Him, Hate Him, here is Jim Grant saying similar things. Update: Here is a new longer version of the video of Grant.
Inexact but telling comparisons to the Great Depression
For the majority of us, the credit crisis we are living through has come rather unexpectedly. And because it has been both a surprise to many and a traumatic experience to yet many more, we are all trying to contextualize it using past…
Greenspan: Hate Him, Hate Him
Sir Alan Greenspan was in DC yesterday, defending his legacy before the Financial Crisis Inquiry Commission. James Kwak has a piece up on Sir Alan called "Greenspan: Love Him, Hate Him." I seriously doubt many people 'love' Alan Greenspan…
Which media companies will have a hard time adapting?
I originally wrote this post under a different title yesterday. I have changed the title to more accurately reflect what I am driving at in the post. Otherwise the post is exactly the same. The question is: which media companies will find…