Credit Writedowns

More weekend market laughs for the financially-inclined.  Hat tip Blicklog.

If you’re looking for a good laugh over the weekend, you might try Dow 36,000 by James Glassman, just hired as custodian of the George W. Bush legacy (hat tip Scott). It’s about the new strategy for profiting from the huge rise in the stock…

The U.S. economy lost 216,000 jobs in August according to figures released by the Department of Labor. This brought the unemployment rate up to 9.7% from 9.4% in July.  Despite the large rise in the headline unemployment rate (U-3),…

I want to highlight the good work of the BBC again. The last time I featured one of the BBC documentaries, it was about (conspicuous) consumption in China and the push to get Chinese citizens to spend more in order to support the economy. …

Putting the ‘change’ back in “change you can believe in”: The two faces of Barack Obama – Marshall Auerback Is this the Warren Christopher Presidency writ large? Roosevelt Institute Braintruster Marshall Auerback argues that the…

Hat tip Accelerating Future.

Recently Allan Meltzer, a former Vice Chairman of the Federal Reserve, wrote a widely noted and provocative article in the Wall Street Journal called “What Happened to the ‘Depression?’” He called for an end to deficit-inducing stimulus…

This latest monthly missive is on dwindling energy supplies – known as Peak Oil, something Edward has talked about before. The parabolic rise and collapse in oil prices we saw last year was not just about speculation, it was about peak…

The Department of Labor reported that jobless claims in the latest week decreased 4,000 from a revised 574,000 in the previous week.  The figure was higher than analysts anticipated. Initially, the last week was reported as 570,000.…

Boeing Set for Victory Over Airbus in Illegal Subsidy Case - WSJ.com "The World Trade Organization is expected to rule Friday that European governments illegally subsidized Airbus aircraft, in the first significant ruling in a…