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Reading: Ford, BRICs, IATA, Vikings, etc.Some quick items worth reading: BRIC shoppers will rescue world (Bloomberg) International air traffic decline continues for second month (IATA) Iceland crisis sends Viking descendants back to Norway (Bloomberg) Asian money costs climb as recession deepens (Bloomberg) Ford to p... |
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"The New Deal"If you aren't reading or tracking Keith McCullough of ResearchEdge's musings, you really should be. He is thoughtful, flexible, and practically-minded, all valuable traits in deranged times like these. Here is part of today's missive: Fortunately, today’s “New Reality” doesn... |
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Being Bearish on Wells Fargo PaysI have written here various times about my bearish take on Wells Fargo -- see here and here -- so today's WFC wreckage isn't exactly a surprise. Nevertheless, a crushingly bad day –- including a head-butt from CIBC analyst Meredith Whitney near the close -- for what had been the strongest b... |
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NBER's Recession Call and the CriticsPeople are falling out of trees to criticize NBER's new U.S. recession call, given that it is coming 12 months after said recession started in December 2007. The following chart (adapted partly from a Schwab figure) more or less supports the cynicism, with economists, as the joke goes, forecastin... |
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The Complete Idiots Guide to Financial IdiocyI thought it would be fun to sort some investing books in Wiley's "Complete Idiots" series by release date. ... |
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Sad News: Tanta Has DiedLet's all have a long, long period of silence this morning on the news that Tanta (aka, Doris Dungey) has died. She was, until a recent episode with cancer, the prolific, funny, acerbic, and ragingly intelligent other half of the great Calculated Risk blogging team. I had confessed in the past to... |
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