financial history

by John Lounsbury David Rosenberg, chief economist at Toronto's Gluskin Sheff, says at least two more years to a top with rates significantly lower than today.  Here is Rosenberg's graph: From today's "Breakfast With…

by Comstock Partners For some strange reason a number of economists and strategists seen on TV and quoted in the press maintain that the exceedingly weak recovery we are now undergoing is really a "normal" or "average"…

Warren Buffett wants his street cred back! He's coming down on the side of most people on main street who believe the recession is still ongoing despite what the NBER stat gurus say. Reuters quotes: "We're still in a…

According to former German finance minister Peer Steinbrück, AIG's rescue had a lot to do with European pressure. Steinbrück: The investment bank Lehman Brothers collapsed on Sept. 15, 2008, and the world's largest insurance company,…

Professor Paul Davidson wrote the following reply to comments in my recent Bill Clinton Interview post regarding the the causes of the current recession. He believes that this issue has to become a focus of public attention and that the…

Marshall Auerback e-mailed "I'm having another Howard Beale moment" and sent a link to this wonderful piece of 1970s cinema as a visual. Enjoy.   P.S. - Are they yelling in Atlanta? Source: Network (1976) – Internet…

David Stockman was Ronald Reagan's first Budget Director. He left the political world for things like Private Equity. Lately, he has been making headlines for his statements regarding the economy and fiscal matters. He says "In some…

In this piece on GDP and recessions, John Lounsbury expands on an earlier article about how this particular recession is different. Catch more of John and other top-notch econ writers at Global Economic Intersection, John's new website on…

by Comstock Partners Last week, toward the end of our comment on consumer deleveraging, we mentioned that the year-over-year change in the ECRI Weekly Leading Indicator had strongly suggested the distinct possibility of recession. In…

by John Lounsbury David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, Toronto, has a graph that goes a long way toward explaining why this recovery does not feel like a recovery: Click on images for larger graphs. Is…