The Need for Reliable Information
There has been much debate about whether the financial crisis is driven by lack of liquidity or from fears about lack of adequate capital and solvency, but I’m... >>>
Why Did TARP Change Course?
The twists and turns of TARP have confused and dismayed. From financing “bad” assets to direct capital injections to the myriad applications of its... >>>
Should China Raise Wages?
There is a very interesting graph on page 14 of the World Bank’s December 2008 Quarterly Update on China. I am not smart enough to figure out how to reproduce... >>>
How Many Words is this Picture Worth?
Most people would agree that it is difficult to put the cost of bailing out our financial system into real terms. Including the recent Citi rescue, some estimates... >>>
A Legend Speaks
“History is a guide to navigation in perilous times. History is who we are and why we are the way we are.” – David Mccullough, Historian and Author You won’t... >>>
Sharp, Enel to Set Up Solar Power Venture
Japan’s Sharp Corp and Italy’s largest power company Enel SpA, are planning to establish a joint venture by spring of fiscal ‘09 and invest more than... >>>
Financial and Auto Stocks Short Selling Declines Sharply
Short selling of financial and automaker stocks has fallen sharply since July - according to Reuters. Both sectors have remained under heavy selling pressure from... >>>
Public Works, The Inauguration and the Next Bailout Scandal
In the big picture this is not a major suggestion. Think of it as something that can be done with no downside and long term benefit. I personally don’t think... >>>
TALF Loans: Real Money
The Fed’s new Term ABS Loan Facility (TALF) announced this week could be a significant step in improving credit availability. While many of the details of... >>>
Over Before It’s Begun
November has been a very strange month indeed. For the entirety of the month, Macro Man has been trying to chip away and establish a P/L foothold from which to... >>>
