Hugh Hendry May 2010 commentary. He seems to be expecting an event in the Japanese bond markets.
R.I.P., Martin Gardner
Must-see motivational speaker video.
Even more must-see video on the European bail-out. I love their explanation for why America is a better bet.
Bill Gross says sell bunds. He seems to be in a bad mood. I guess I would be too, had I invested billions in German government debt only to learn I could have earned a (much) higher return with the same (apparent) risk by investing in Greek debt instead.
The Keiser Report. The guy is [...]
Just some links I collected over the past few months…
Worst-case debt scenario. When a research report from one of Europe’s largest banks sees fit to mention how “Spain defaulted 13 times in the Middle Ages”, you know it’s worth a peek. (Also, I did not know that the yield on 10-year Japanese government bonds [...]
I am still in my shell, but I had to come out to post a link to this.
Star Wars: The Phantom Menace Review
Warning: Do not start watching Part 1 unless you are prepared to lose the next 70 minutes. Ewan MacDonald… William Shakesman… Brevity is the soul of wit…
His Star Trek: Nemesis [...]
So apparently, various high street bankers are showing up at British cathedrals to give sermons on how they are not entirely evil. I am not making this up.
And the guy from Goldman delivered a quote that is almost too good to be true.
“The injunction of Jesus to love others as ourselves is an [...]
Bird and Fortune on how securitization works (via Salmon).
Russia Pins Recovery Hopes On Ability To Make It Stop Snowing.
Dylan Ratigan goes ballistic on Goldman Sachs. Ratigan was one of the few CNBC personalities I actually liked. I stopped watching regularly at the same time he left. Now it looks like I may have [...]
The SEC has solicited public commentary on a proposal to reinstate the uptick rule, and you can read the submitted comments if you like. I do not recommend it, except for the submission from “Benjamin N. Dover III”.
The SEC’s regulatory mandate in a laissez-faire economy is two-fold. When stock prices are increasing, the SEC’s [...]
A contact inside the President’s Auto Task Force sent me this top-secret footage of a prototype ultra-green vehicle coming soon from GM.
Flow of Funds Q4 2008: Debt Deflation confirmation. The iTulip guy digs into the Fed’s Flow of Funds report.
As argued in “Road to Ruin: Final stretch“, the US is vulnerable to a balance of payments crisis. The cause of that crisis is the convergence of four main crisis events, and we are ready to [...]
The story so far…
John Stewart went postal on Rick Santelli, Jim Cramer, and the rest of CNBC:
Then Cramer defended himself in writing.
Then Stewart issued an… uh… “apology”. Which took the first five minutes of the show.
(Actually, the whole episode is pretty good.)
Then on Wednesday: