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Why the fall in the savings rate is not meaningless
Yesterday, I wrote a post which examined three different reasons the savings rate in the US could have been falling over the last year. Rebecca Wilder thinks this is a meaningless exercise: Edward Harrison at Credit Writedowns is…
Short sale tips via Jim the Realtor
Jim the Realtor gives advice to buyers about what to look for in order to avoid short sale fraud, something he sees as rampant in North County, San Diego where he works as a realtor. (Hat tip Tom Lindmark.) San Diego and LA are seeing…
What to Make of Swiss Franc
The SNB's apparent absence had emboldened the market, which has driven the euro to record lows against the Swiss franc. The SNB had been clear. It was still closely monitoring the Swiss franc even though it acknowledged that at…
Will the iPad be a success?
I am not going out to buy another gadget, but Walt Mossberg of the Wall Street Journal thinks the iPad does a bang up job of replacing a laptop for a lot of people. And it gets 11 hours of use on battery power. That's outstanding. I'll…
Links: 2010-04-01 – American Zaitech, Ireland’s banks and more
China’s Debt Bubble: When Will the Ponzi Unravel? « naked capitalism FT Alphaville – Tracy Alloway – The IMF on Germany’s Bank-Asset-Berg Los Angeles, Toledo, Other Cities and States Press Municipal Labor Unions to Cut Pension and…
Dollar Little Changed, but Sterling and Swiss Franc Strength
Highlights The US dollar is little changed against the major foreign currencies despite robust purchasing manager index reading throughout Europe and Asia. The lack of much of a market reaction could reflect one of two factors. …
Three potential explanations for the continued fall in US savings rate
Why is the US savings rate continuing to fall? Three possibilities: increasing asset prices, debt-related stress, a surge in strategic defaults.
Sterling’s March: In like a Lion out Like a Lamb
Highlights The US dollar remains largely on the defensive despite the recovery in North America yesterday. The euro slipped to almost $1.3380 in Asia, but has recovered smartly in Europe, but It is sterling that is the stand out…
Links: 2010-03-31 – PIKs and High Yield back with a passion
Note: I now post these stories and other breaking news on my twitter feed. Follow me at twitter.com/edwardnh to receive updates in real-time. Paul Volcker: Do The Right Economic Thing « The Baseline Scenario FT.com / Columnists / Martin…
Bill Black: To rob a country, own a bank
Update 2010-03-31. Note: I discovered the first video at the UMKC blog, where Black posts. Subsequently, I saw all the videos on YouTube where you can rate them and add to the buzz.