financial news

I will be on Canada’s BNN TV at noonish talking about finance: Banks and Buffett. It will be a casual discussion with the moderators Howard Green and Andrea Mandel-Campbell and one other guest, Brian Milner of the Globe & Mail. Below…

I will be out of pocket in the early morning. Back late morning for more news. I expect to update my thoughts on the UK TBTF situation. Junk bond revival stokes credit bubble fears - Telegraph I share these fears. (My post:…

White House Will Not Be Told By The AP How Many Jobs The Stimulus Has Created - Dealbreaker Funny. Industrial output up 1.4% last month | The Japan Times Online More bullish data in Japan. What Exactly Is Going On…

Finance and politics New Name Floated In Geithner Replacement Talks - Dealbreaker What up, bankster? Sorry, I know I said I wouldn’t be using that word but it’s in context and I had to say it. This will be the new Treasury lyrical…

Finance and Politics All Debt is Not Created Equal: Government Debt is NOT the Same as Private Debt - Marshall Auerback Must-read Why rich college kids can sell dope and you can't - Denver News I have a slightly different take…

CyanogenMOD Hits Stable 4.2.1 Release, Reduces Home Screen Lag - Lifehacker Very good hack FT Alphaville - South Korea in a won-win situation Ex-Morgan Stanley's Stephen Jen is bullish Helicopter Crashes Kill 14 Americans in…

Homeowners walking away from underwater mortgages - MiamiHerald.com Strategic default on the rise. Economics and Moral Courage - Llewellyn H. Rockwell, Jr. Anecdote contrasting von Mises and Hans Meyer Government Porkfare Is No…

GM puts Opel sale signing on hold "European Union concerns that Germany rigged the sale to Magna to save jobs" Despite the recession, Westfield London is celebrating its first anniversary Same thing is happening in the…

US Treasuries: "Risk free" for How Long? - Megan McArdle This is the widely-believed default canard. Latin America nations defaulted because of foreign currency debt. Japan issue debt in their own currency. They cannot…

The Problem is Not TBTF, but TDTR - Yves Smith TDTR means Too Difficult to Resolve Economist's View: "The Death-Defying Dollar" Long-term weakness but no collapse. Paul Krugman - The Chinese Disconnect - NYTimes.com…