Naked Capitalism
Rare Roman lantern found in field near Sudbury BBC (hat tip reader John M) One Lump Or Two? James Howard Kunstler (hat tip reader Michael T) The Effects of Fiscal Stimulus: Evidence from the 2009 ‘Cash for Clunkers’ Program…Read
Is a stealth shift in policy afoot, to find the bottom in the housing market by getting banks to start clearing out their foreclosed and “ought to be foreclosed” exposures? On Tuesday, Fannie Mae announced that it…Read
Via Bloomberg: View the segment here.…Read
As much as this blog was a persistent critic of the US version of the stress tests, I must hand it to the folks at the Treasury: they did an impressive job of dressing up and selling a garbage barge. The combination of…Read
By Andrew Horowitz of The Disciplined Investor As discussed in a previous post, the September month has not been kind to investor’s. However, equities have seemingly found some confidence straight out of the gate, so far. The…Read
News is preliminary, no idea yet whether it is a production well or not, but all 13 crew members on the Mariner Energy rig are accounted for. The Journal’s story here (which presumably will be updated); Bloomberg’s…Read
Deep-fried beer invented in Texas Telegraph (hat tip reader Martin W) Old star wallows in ’steam bath‘ BBC (hat tip reader John M) Man Lost $1.4 Million Corot Painting After Boozing, Suit Says Bloomberg (hat tip…Read
Chris Whalen has a particularly tough-minded post at Reuters in which he explains why QE does little for the real economy (similar to the conclusions reached by the Bank of Japan regarding its own QE) and why its benefits for…Read
Lordie, if this isn’t disingenuous, I don’t know what is. From the Financial Times: US universities are producing too few engineers to meet industry demand, Indian outsourcing companies say, leaving such businesses…Read
? Washington’s Blog The government and BP claim that the combination of Corexit and crude oil is less toxic than crude oil by itself. Is that true? Well, scientists have found that when Corexit is applied to the actual…Read
The “lax” is clearly a tad inflammatory, but tweaks in Basel III rules to allow dubious quality items like mortgage servicing rights as Tier I capital speak volumes. In addition, the various noises from policy makers…Read
Drunk baboons plague Cape Town’s exclusive suburbs Telegraph (hat tip reader Paul S) How Many Lone Nuts Does It Take To Make A Party Mix? Firedoglake. The title isn’t too hot, but the article makes a good point.…Read
The English language needs a new word to describe the nature and degree of disconnectedness from reality represented by Dick Fuld. He occupies a weird funhouse realm in which he did no wrong, those mean people in DC and the…Read
A key paragraph in a post on a new paper by Jim Hamilton: We can summarize the implications of that forecast in terms of the following scenario. Suppose that the Federal Reserve were to sell off all its Treasury securities of…Read