An earlier post presented the case that emergency medical supplies are in shortage throughout various parts of the United States possibly due to state budget issues. Looking at the other [...]
Jul 272010
Guest post by The Mad Hedge Fund Trader The Residential Housing Market is Still Burning Down. Today, the Commerce Department reported that June new home sales, at 330,000, were up [...]
Jul 262010
On the Fed: The Fed doesn’t pay any attention to asset bubbles when they grow. That’s their official policy. But they flood the system with cash when bubbles burst. They [...]
James Montier of GMO releases his latest missive (Is Austerity the Road to Ruin?). In it he quotes Christina Romer: In early 2009, Christina Romer, Chair of the Council of [...]
Do you have a mortgage? Thinking of refinancing? Or even trading up? With mortgage rates at super-low levels many are taking the short-term hit to gain some long-term savings. The [...]
The best and the worst from around the web. Your Monday morning reading for the commute, office or the can.
Jul 262010
Don Hays, founder of Hays Advisory Group, discusses his view of the European bank stress tests, and the prospects of a double-dip recession.
Jul 252010
The 17 firms are American Express, AIG, Boston Private Financial Holdings, Capital One, Bank of America, CIT Group, Citigroup, JPMorgan Chase, M&T Bank, Morgan Stanley, Regions Financial, SunTrust Banks, Bank [...]
Jul 252010
The ECRI has only declined at this speed 5 times before. This speed of decline has typically forecast a recession. It doesn’t have to end in recession – after all, [...]
Jul 252010
In 2005, Raghuram Rajan was one of the first to publicly predict the global financial crisis three years later. Now he is focused on how to prevent the next one.
