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You can get whipsawed by the politicians, economists and media predictions of the housing bottom and recovery. Most of the governments foreclosure prevention programs have unquestionably failed. But the GSE 30-year mortgage…Read
Today’s Daily Angle comes from Wikinvest Wire member REITWrecks.com. You can read the full article on the REIT Wrecks blog. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View…Read
By Tom Adams, an attorney and former monoline executive I’m usually cynical about these “genius of Wall Street” articles, but the Vanity Fair article “Larry Fink’s $12 Trillion Shadow” by Suzanna…Read
Hillary Clinton's Latin American tour struck out in a major way when Brazil rejected her plea for participation in sanctions against Iran. Hillary's offer amounted to desperation: if the U.N. Security Council (of which Brazil…Read
The monoline moan du jour comes courtesy of MBIA.The bond insurer published fourth-quarter results on Tuesday, showing a net loss of $1.2bn.Monoline-watchers will remember...…Read
Two weeks ago, we looked at money supply and its recent slump, making the comment that the MS seemingly havent had the same predictive power as they had in the past. We said this only because the Federal Reserve said it first.…Read
By Annaly Capital Management: Two weeks ago, we looked at money supply and its recent slump, making the comment that “the Ms seemingly haven’t had the same predictive power” as they had in the past. We said this only because…Read
Two weeks ago, we looked at money supply and its recent slump, making the comment that “the Ms seemingly haven’t had the same predictive power” as they had in the past. We said this only because the Federal…Read
Near the end of "The Big Short," Michael Lewis' much-anticipated stab at explaining what just happened to the global economy, the author unloads a dump truck worth of jargon while describing a dilemma facing one of his…Read
Here are direct links to our favorite articles which we think you should highly consider reading. Without further ado, jump on board the Bullet Train … Germany’s Merkel: She’s Got the Whole Euro in Her Hands by Peter…Read
By James Kwak I’ve had Robert Litan’s recent paper defending most financial innovation (the web page doesn’t tell you much; you need to grab the PDF) on my to-do list for a while now. I wasn’t looking…Read
All those who thought that AIG was out of the woods following its massive Federal Reserve bailout, may be in for a surprise. (Bloomberg) -- American International Group Inc. posted a wider-than-expected loss after setting…Read
....we are in the studio of one of those serious late night talkshows, debating the thorny issue of soccer hooliganism. Ring weary social worker Sally Barnes and pompous behavioural psycholosist Professor Johnathan Carr join the…Read
Goldman may have made a fatal mistake. Fatal not to the existence of the firm, but to its standing, reputation, legitimacy, and ultimately, to the thing it covets most, its profits. Power is most effective when it is used as…Read