journalism

Warren Buffett spoke with CNBC about the U.S. economy and the banking system in an interview televised this morning. His basic message was that the economy cannot function without confidence in the banking system. The FDIC can work its…

Rohatyn, a Democrat, talks about the role of government in crisis, infrastructure spending and lessons from New York City's near economic collapse n the 1970s from his perspective. Royatyn is widely credited with saving New York City from…

In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker's dream. We're talking about Steven Leuthold, Bill Fleckenstein, Fred…

This prediction does make for a scary headline and gets Louise Yamada some buzz. But, Yamada is a technical analyst and is saying absolutely nothing about the fundamentals here. You should also note that Jeremy Grantham has said similar…

I was just discussing the recent revelation by the Federal Reserve's Don Kohn that the Fed has secretly been aiding the banking sector via AIG (here, here and here), when it was pointed out to me that a number of smart investors have been…

Apple Safari 4 is out and it's slick and lightning fast. Most people are still using Internet Explorer, which quite frankly does not meet the grade. Firefox, which I had been using, has huge memory bloat if you leave the browser open for…

Everyone is using Twitter these days. Econbloggers are getting in the spirit too. I have started to use it. I know Paul Kedrosky uses it. Even Yves Smith is thinking of getting in on it, although her inner luddite holds her back. So…

The details on Obama' new mortgage relief plan are out. The key parts are the following:

Below is an interview with an expert on the issue of mortgage cramdowns. Basically, this issue is all about debt forgiveness for borrowers and writedowns for lenders. Lenders do not like cramdowns for that reason. See below for a view on…