There is a great editorial in today’s FT by Wolfgang Munchau. It’s one of the first mainstream sources to assert (others have brought up the question) that we face a solvency crisis and that central bank efforts to boost liquidity are futile. Munchau then gives some reasonable estimates to the UK housing market [...]
I disagree with Paul Krugman from time to time but he presents an excellent breakdown of the credit problems stemming from the housing bubble here.
In general, Krugman, despite being an economist, usually has a good grasp on reality. It probably has something to do with his political bent as politics means you have to [...]
I was a bit out of it yesterday but feeling much better today. Yesterday’s market action had a feel of PPT to it. Once the markets went negative and came back, it just felt “unnatural”. In soccer/football, they call it “against the run of play” when the team that’s been on its [...]
The inimitable Barry Ritholtz, once again, sheds true light on the false underlying assumptions that many “experts” base their realities upon, this time regarding yesterday’s “benign” PPI number.
Many people have commented on the demise of the newspaper industry but I think one of the factors seldom mentioned is that media consumers now have better alternatives. [...]
Barry Ritholtz over at the Big Picture blog has a great post about what inflation under control looks like. He’s asked for a few more examples in the comments section but I’ll post them here below.
A few of these stories focus on the inflation we’ve been exporting through our dollar and especially how it’s [...]
If you don’t subscribe to the Financial Times, I’d highly recommend picking up a copy of today’s paper and flipping to pg 24.
A couple of great articles — first up is a thoughtful commentary from Jerome Booth regarding emerging market debt, which dovetails nicely with a book I just finished reading, The Return of Depression [...]
