I have sent out charts in the past showing the bulge bracket dealers’ prop trading up significantly (GS up 7x, only 6 last week though, and agency commissions way down across the board)…so all of this buying in such a huge rally, the biggest since the 30’s (remember that raging bull market?), where does it [...]
UPDATE: Links fixed
Don’t Monetize the Debt…
the President of the Dallas Fed on Inflation and central bank independence….
I din’t think anyone realized the size of unfunded liabilities of health care and pensions totalled $99 trillion, conventional wisdom had it at approximately more than half that…this is a disturbing revelation. It is refreshung to be presented with the frank verbiage from [...]
UPDATE: Links fixed
A Must Read Barron’s Article: The Housing Hurricane…
I don’t know what to say other than read this carefully, especially the part about the banks…
here’s a teaser on the home builders…(can it get more insane???)
There’s no light at the end of the tunnel yet. We’re still supporting builders through misguided programs that are only [...]
UPDATE: Links fixed
My good friend Dan Hachey does a lot of reading and is kind enough to circulate those articles he finds interesting. I will be posting his contributions as they arrive. Enjoy!
Next stage of the financial crisis?
http://www.telegraph.co.uk/finance/financetopics/recession/5373334/SandPs-warning-to-Britain-marks-the-next-stage-of-this-global-crisis.html
I guess the previous story is an eerie intro to the following video clip. I sent out a link [...]
