Insolvent
During the global financial crisis, after each acute phase, there would be a period of relief in which conditions returned to a semblance of normalcy, and policymakers and investors carried on as if acting as if all was well…Read
Are stocks truly undervalued? (Marketwatch) Is it time for the bid to come out of VIX futures? (SurlyTrader, FT Alphaville) Liquidity patience and the value of dividends. (AR Screencast) What is the equity risk premium? It…Read
Businesses fail. Or at least, a fair number should fail in a healthy capitalist system. Risk -- of failure and reward -- is an essential component of the American way of doing business. Americans have always risked personal and…Read
FOREX Trading on Fire: The Factors Behind This Market’s Massive Global Surge by Martin Denholm, Senior Editor Friday, September 3, 2010 So much for that global financial crisis. The currency market has shrugged off the world’s…Read
tweetmeme_source = 'jutiagroup'; Share As Richard Russell and many other experienced market analysts have pointed out, the job of the bear during a bear market is to entice as many people as possible into his nice warm den…Read
Many observers have been waiting to see whether and to what extent the FDIC will pursue claims against former directors and officers of banks that have failed during the current bank failure wave. So far, the FDIC has filed just…Read
John Vachon Feel lucky today? April 1940"Children who live in the slums, Dubuque, Iowa" Ilargi: Feel lucky?I have no doubt that a few people made a lot of money in the markets this past week. But I don't care about them. I care…Read
I am happy to say that I will be giving another speech at the IMF on Friday, September 17th, 2010, on the downside risks to the U.S. and the global economic outlook. Many of you have asked me for the now infamous speech that I…Read
``Gold does react to the waste of money, the debasement of money, and not so much from inflation entering the system. That comes later... The USFed cannot treat insolvency. Only liquidation can.''…Read
A little bit more on Cato’s 15 years of financial deregulation. Matt Yglesias takes a closer look at the pre-crisis Cato arguments against the CRA. Dismantling the CRA has long been a goal for Cato,going back to the very…Read
Here is Ben Bernanke’s prepared testimony for today’s appearance before the Financial Crisis Inquiry Commission. You can watch it live here. Chairman Ben S. Bernanke Causes of the Recent Financial and Economic…Read
“Lehman was forced into bankruptcy not because it neglected to act responsibly or seek solutions to the crisis, but because of a decision, based on flawed information, not to provide Lehman with the support given to each of its…Read
By Peter Boone and Simon Johnson Is the global economic recovery still on track? The mainstream view is: yes, without a doubt. But increasingly, there are increasingly reasons to fear another financial disruption – particularly…Read
Excellent interview from last week. I've got the full 8-minute clip, a 1-minute excerpt, the transcript, a summary, an interesting lnk on 'Fed Group Think' at Jackson Hole, plus a selected Hoenig archive. It's a solid…Read