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John Mauldin: “Nobody’s holding a gun to your head” on stocks
John Mauldin believes we have just seen a pretty amazing trading rally aka cyclical bull/bear market rally. Stocks are more than 60% above March lows. But many stocks are at “nosebleed” valuation levels and that makes him suspect this…
The drop in unemployment is give back from the prior month
I happen to think we are in (an unsustainable) recovery. And that means that the labour market, while poor is improving. This is why my headline from the latest employment figures was “Unemployment rate recedes as worst of this…
How much is gold trading for?
In the clip below Mark Dice tells people that he will give them a one ounce Gold coin for free if they can guess how much it’s worth. To be fair he gives them 25% leeway in their guess. How do you think they did? P.S. - the answer is…
Tiger Woods on SNL
Wolf Blitzer presents a series of stories about accidents suffered by Tiger Woods. It becomes clear that the accidents are actually attacks made by his irate wife, Elin Nordegren.
Non-Financial news from around the web: 2009-12-05
Tiger Woods said to pay his wife millions to stick by him -- DailyFinance China 'wants to set up factories in Africa' | World news | guardian.co.uk (Check out the photo in this post - obviously used to show environmental effects of…
Financial news from around the web: 2009-12-05
What Profits and Revenues Have to Say About Economic Recovery -- John Lounsbury Knock-on effects | The Economist (China will NOT yield to American and European lobbying on the FX front. Asians have a better chance because of shared…
The week in review at Credit Writedowns: 2009-12-04
I will try to make it easier in future for readers to get an overview of the content available on Credit Writedowns by posting a week in review post like this. That way, you can drill down into the bits of the most well-received posts of…
Barack Obama gets it
This quote from President Obama comes via Brad DeLong: We've got a long- term structural deficit that is primarily being driven by health care costs, and our long-term entitlement programs. All right? So that's the baseline. Now, if…
AmTrust Bank seized by regulators after asset stripping
You kind of knew this was going to happen. Given the fact that AmTrust Financial, the holding company filed bankruptcy (see my story here) after a bit of asset stripping, the FDIC was forced to come in and seize the banking subsidiary…
FDIC Friday night: Three more bankruptcies in Georgia
Yesterday I wrote how bank bankruptcies are crushing small business and households in Georgia. Today we got three more to bring the total to 23 this year, 29 since the subprime crisis began. The Buckhead Community Bank, Atlanta, Georgia…