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Paul Krugman: By making what was in effect a multibillion-dollar gift to Wall Street, policy makers undermined their own credibility — and put the broader economy at risk.
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reddit economics
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Video: Shipping Shift?
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MSNBC Business News Videos
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A look at the dramatic shift in the Baltic Dry Index, with Amrita Sen, Barclays Capital and Jon Chappell, JP Morgan. (CNBC) Baltic Dry Index - CNBC - Baltics -
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Sen. Kaufman Urges SEC To Work Quickly On Uncovering Possible High Frequency Market Manipulation And Systemic Risk
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Sen. Kaufman takes on the windmills again, this time sending a much more sternly worded letter to Mary Schapiro to finally step away from the game of taxpayer funded Solitaire, and instead of waiting for twitters and bloggers to hand her agency cases of
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Recovery Attempt has Castrated the Economy
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The Daily Reckoning
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The expensive stimulus procedure intended to save the economy from its depths has hardly worked. Perhaps it seemed at first like a simple nip and tuck… the rising market has at least made things look a little better. However, the operation actually
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Healing Chile's Malaise
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BusinessWeek - Most Read Stories
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Despite Government Aid, Foreclosure Crisis is Not Improving, We've been saying it all along: Jobs jobs jobs. Without one, you simply can't pay your mortgage.
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reddit economics
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After optimists talked up rising housing starts for several months as green shoots, improving conditions, etc., reality came knocking in full force with the New Residential Construction Report For...
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reddit economics
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CIT CDS Auction Final Recovery Closes At 68.125
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At 2PM Eastern, CIT's CDS auction was priced at a final recovery of 68.125. This was over 2 bps lower than the inside midpoint market announced earlier. Going into the auction, there was $728.98 billion of open interest, indicating that basis traders were
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For the Young, Giving the House ‘Back to the Bank’ Is No Biggie, The housing crash has come to this: more are debating walking away, or halting payments they can afford and waiting for foreclosure.
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reddit economics
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Stop the madness now!
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Naked Capitalism
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This flies in the face of basic
economics
which says that more spending and less taxes equals greater demand and recovery/boom. More taxes and less spending equals less demand and recession/depression. Now, it’s not as if we didn’t see this line of
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Now their own shareholders are getting mad: Goldman Sachs is giving its employees their biggest payout ($775k apiece) in its 140-year history, while earnings-per-share are 22% lower than they were...
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reddit business
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California, why do you insist on hurting your self, don't you know we love you?
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reddit business
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Boeing Exec: Expect Airlines To Turn Profitable In 2011
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reddit business
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Ferfal lived through Argentina's
economic
implosion in 2001. Here, he shares some of his secrets to survival.
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reddit economics
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Where are the damned indectments? The Average FICO is 626. Nearly 1/3rd have a FICO below 600, and only 16.7% have a FICO over 660.
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reddit economics
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Bare Branches
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The Daily Reckoning
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Last month, a Hong Kong apartment set a record. It sold for $56.6 million, which works out to $11,350 per square foot – the highest price ever paid for a pad in China. The buyer may have just needed a roof over his head. More likely, he is bullish on
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Video: Reinhart Sees `Low Profile' Fed With Unemployment High: Video
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Nov. 20 (Bloomberg) -- Vincent Reinhart, resident scholar at the American Enterprise Institute, talks with Bloomberg's Lori Rothman about the outlook for the U.S. labor market. Reinhart, a former director of the Federal Reserve's Division of Monetary
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Were You Affected By Today's ICE DXY Order Cancellation? Let Us Know
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Due to numerous external inquiries and complaints, we would like to solicit reader input from those traders who were impacted by the ICE's cancellation of 12,000 DXY contracts voided on November 3rd (8,000) and also today on November 20th (4,000). As a
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Guest Post: What If They Stop Buying Our Debt?
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Submitted by Doug Hornig, Senior Editor of Casey Research I have always depended on the kindness of strangers,” said Blanche DuBois, in the final words of the play A Streetcar Named Desire. Well, don’t we all. Many citizens probably still cling to
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Gov't now backing mortgages for rich people. A 27-yr-old and a couple of friends is able to score a million-dollar apartment with little money down. He says "If a government official came out here,...
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