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Marshall Auerback sent me this joke about Mark Sanford. Mark Sanford’s staff thought he was hiking in the mountains. In fairness to his aides, "I'm getting some Argentinian tail." sounds a lot like "I'm hiking the…

In reaction to recent comments about more stimulus by Laura Tyson, an advisor to President Obama, we have seen a host of commentators make their opinion known.  Here are two more  well regarded pundits: James Galbraith and Warren Buffett. …

When news first broke regarding the ethnic tensions and violence in Xinjiang, China, I was not familiar with the situation there.  I have gotten up to speed and wanted to post a few videos and links for you on the situation there.…

Harlem’s Real Estate Boom Becomes a Bust - NYTimes.com It's not just luxury in Manhattan that is getting killed More losses are reported by Alcoa - BBC News Alcoa beat estimates. So, long story short, people like numbers. The…

Laura Tyson, an advisor to President Barack Obama, said in a speech to day in the lead up to the –8 conference that the ground work for a potential second stimulus bill must be laid now. To be sure, the G-8 leaders are expected to recommend…

This can't be good. A group of the biggest U.S. banks said they would stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap. The development is the latest twist in…

U.S. office market continues to spiral down - Reuters Vacancy rate is now 15.9% Surprise drop in UK output hits recovery hopes - Guardian Data in UK missing expectations now too. Close Relationship Between Past…

Peterson is the former Nixon cabinet secretary and founder of the Blackstone Group. He is also a well-known deficit hawk and founder of the Peterson Foundation.  He recently wrote his autobiography, “The Education of an American…

The fundamentals in Asia are much stronger than they are in the U.S. or in Europe. This bodes well for a recovery in the region.  Nevertheless, there is reason to worry because here is a video warning about an Asian-wide bubble in the…

I hope people had a safe and happy fourth. Profiting from an Irvine bank failure - Mortgage Insider - OCRegister.com Interesting look into FDIC procedure Bank of England's Monetary Policy Committee considering expanding quantitative…