Does China Offer an Alternate Economic Model?
Gerald Seib’s December 23, 2008 Wall Street Journal article entitled “U.S. Woes Open Door for China” cites recent articles in Foreign Affairs which postulate that this year’s dramatic melt-down in the U.S. and Western... >>>
Greenspan and Democracy
Alan Greenspan, writing in the current issue of the Economist, argues that in the future banks will need more of a capital cushion than they needed before the crisis because holders of bank liabilities will require them... >>>
The Value of Reliable Information
Analysts writing about the credit crisis often have more certainty about the source of the problems in financial markets than I think is warranted. Thus, rather than advocating robust solutions, these analysts tend to come... >>>
From Big Scandals, Great Lessons Flow
The Madoff investment scandal may be the biggest Ponzi scheme in history, in which case the swindle offers oversized as well as familiar lessons in what not to do with the care and tending of money. Reading the ongoing news... >>>
What Yahoo Should Do
In this economic day and age, cash is king. As markets, industries and companies delever in what seems to be a chorus of balance sheet deflation, the value of cash as an investment vehicle has increased exponentially.... >>>
Will the Stock Market Recover in 2009?
Americans are an impatient lot. 2008 was a wretched year for most of us, as virtually every asset class was brutalized in a synchronous, global recession. Furthermore,... >>>
Some Thoughts on 2009
So much promise, so many risks. This is how 2009 is shaping up. While euphoria surrounding the Obama Administration’s fiscal stimulus plans will drive the... >>>
Stimulate the Economy by Mending Our Safety Nets
Lots of talk this week about the proposed stimulus. One high priority ought to be the most vulnerable members of our society. The safety net created in the 1930s... >>>
Marking 2008 To Market
Happy new year to all and sundry. It feels good to be back in the saddle (no thanks to the British rail system) after a relaxing couple of weeks off. While Macro... >>>
Stock Market: Reassessing Fairy Tales
The U.S. stock market is on track to deliver its worst decade of performance on a calendar-basis since the record keeping began on such things, we’re told.... >>>
Fed Watch: Starting on an Ugly Note
Will the economic recovery package be too “fleeting”: By Tim Duy · January 5, 2009: The only certainty for the New Year is that policymakers will continue... >>>
China: Manufacturing Numbers Reinforce the Pessimist’s Outlook
There is some good news about Chinese retail sales, although I am not sure how useful it is because retail sales numbers in China have always been a little hard... >>>
Happy New Year and Help Wanted
Happy New Year, everybody. I hope you all had a good break and are ready to get back at it in 2009. While I believe that the US public markets will generally suck... >>>
2009’s Trade of the Year
Phewww…I think we’re all breathing a collective sigh of relief - 2008 is officially over! Don’t get me wrong, I wish the markets would go up forever and we... >>>
2009 Forecast: That Bad Huh?
For most of my career, with an exception here and there, there have been two persistent trends. One is that in the debt markets, the fundamental outlook has generally... >>>
ISM Manufacturing: Weakest in 28 Years
Economic activity in the manufacturing sector fell to a 28-year low in December, according to a report released Friday. The Institute for Supply Management [ISM],... >>>
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12:31 AM
Toyota Motor Corp (TM), is suspending production at its 12 Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation’s top automaker as it grapples with shrinking global demand.
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9:13 PM
Looking for a new definition of a hedge fund? How about an organization that takes 20% of the profits on your money in the good times, then refuses to let you have it back when the weather turns rough? Many funds have placed limits on withdrawals that investors can make. In effect, people are locked into a falling asset.
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8:04 PM
According to comments posted to an IBM (IBM) employee site operated by the Communications Workers of America, the company may announce as many as 16,000 layoffs before the end of the month. Were that to happen, approximately four percent of IBM’s global workforce would find themselves released into the wild.
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