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Blog personality type
Found on The visible hand in economics on Fri 21st Nov 08
At Typealyzer they have they have a tool that finds out the personality type of a blog (ht Greg Mankiw).Given that this is a mainstream economics blog the result was unsurprising - INTJ - The Scientists. Here is the description:The long-range thinking and individualistic
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Centrals banks in easing mood as stocks get crushed again
Found on The Skeptical Speculator on Fri 21st Nov 08
Dramatic interest rate cuts are becoming the norm, the latest coming from Switzerland. Reuters reports:The Swiss National Bank made a surprise full percentage point cut in interest rates on Thursday, trying to stave off a recession as the global outlook worsens
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Corporate Credit Distress - The Next Wave Is Here
Found on Manhattan Real Estate: New York City Real Estate Tips on Fri 21st Nov 08
A: As Paul Krugman says, "...Don't Panic About The Stock Market...Panic about the credit markets instead. Interest rate on 3-month Treasuries at 0.02%; interest rate on high-yield (junk) bonds over 20%." I'll leave it there. Other credit indicators, such as
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When Things Get Personal
Found on Sabernomics on Fri 21st Nov 08
This morning I received an interesting comment on a post I had written. It is the first time that a player has responded to my criticism of his play, and he didn't even play baseball. Stuart Gray did not care for my characterization of his play with the Charlotte
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Breaking News: Mark Cuban Charged with Insider Trading
Found on WSJ.com: Law Blog - WSJ.com on Fri 21st Nov 08
This just in: the WSJ is reporting that the SEC has charged billionaire entrepreneur and Dallas Mavericks owner Mark Cuban with insider trading relating to trades made of Mamma.com. We’ll link and update the post when more news becomes available. It hasn’t
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Deflation? Quantitative Easing?
Found on Econbrowser on Fri 21st Nov 08
Does today's news that the CPI fell 1% last month mean we headed for deflation? Not if the Fed has anything to say about it: Feds Kohn: Deflation Risk Bigger but Still Small, by Brian Blackstone, RTE: Federal Reserve Vice Chairman Donald Kohn said Wednesday
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November 17, 2008
Found on PrefBlog on Fri 21st Nov 08
There’s a naked short tempest in the loans market:At least two fund managers complained verbally to officials of the Loan Syndications and Trading Association, saying they believe Goldman helped drive down prices by using the technique, according to people
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What's Happening to Berkshire Hathaway?
Found on WSJ.com: MarketBeat Blog - WSJ.com on Fri 21st Nov 08
Jonathan Stempel of Reuters has a very useful look at what's going on at Berkshire Hathaway, which fell $6,500 per share today to close at its lowest level in over five years. After reading his article, I think we might be one step closer to understanding why
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Yet More Paulson Revisionism
Found on Portfolio.com: Market Movers on Fri 21st Nov 08
The second part of David Cho's interview with Hank Paulson features even more revisionism. Get a load of this:Paulson used his influence within the administration to win even broader powers from Congress, allowing him to nationalize major financial institutions,
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The Top Ten Cars That Help Explain The Demise of Detroit, and The Possible Revival of the Big Three
Found on CARPE DIEM on Fri 21st Nov 08
The global financial crisis is suffocating the Detroit automakers, but the problems have been festering for yearseven when the mighty "Big Three" were earning billions. Aging factories, inflexible unions, arrogant executives and shoddy quality have all damaged
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