Politics

Below is a very entertaining interview with Howard Davidowitz on financial reform and the credit crisis with Aaron Task and Henry Blodget of Tech Ticker (hat tip Scott). Davidowitz says don't expect any substantive changes, especially…

A post by Annaly Capital Management The death of Senator Robert Byrd (“an institution within an institution” is what President Obama called him) may be the butterfly wings that alter the financial landscape of the United States. Without…

Let's re-visit one of the more salacious stories to hit the papers in the post-Bernie Madoff era. I'm talking about the story of Lenny 'Nails' Dykstra, the former all-star baseball player turned stock picker made by TheStreet.com's Jim…

I fully support deficit spending as a means to prevent a debt deflationary spiral in a deep downturn.  However, there are limits to what stimulus can actually do. Stimulus is no panacea for an unbalanced economy. In particular, when…

German daily Die Zeit published comments from an interview with famed US hedge fund investor George Soros who was sharply critical of German economic policy.  Soros claimed that Germany was "isolated" in its austere…

Australian PM Rudd is coming under stronger domestic pressure as the opposition to the resource tax gains momentum.  There have been press reports of a leadership challenge and a local report claims that a key bloc in the Rudd's Labor…

The following is the beginning of the Chancellor George Osborne's speech today before the British House of Commons on the 2010 Budget. This emergency Budget deals decisively with our country's record debts. It pays for the past. And it…

What Happened To The GDII Meme? Early in 2009 I caught an article from the Canadian daily National Post about David Rosenberg and wrote up a post about it. Here's what the National Post wrote: Now, he predicts the carnage will…

News wires report French Prime Minister Fillon claim that he only sees good news in the euro moving to parity to the US dollar only adds fuel to the current fire.  This seems like malign neglect in contrast to the benign neglect the US…

Charlie Gasparino rips Warren Buffett for his stance on the ratings agencies and their role in creating the financial crisis. Here's the money quote: He believes that a sleazy business and it makes a lot of money so he's gonna own…