It is Getting Uglier in Financial Markets
1:45 PM Update: News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills...
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Consumer Credit: The Engine That Stalled the Economy
For decades, US consumers’ rampant borrow and spend habits have propelled the economic engine in US. I wrote earlier in July that a major slowdown in consumer...
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Good Read – Nasim Taleb “The Great Bank Robbery”
This is a good read. Via CNN. For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over...
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DISH Network to Serve Streaming in Competition with Netflix
Not just Amazon, DISH is going to start competing with Netflix. DISH also bidding for HULU. Netflix, the stock, is a toast. (Via Bloomberg) Dish Network Corp. (DISH),...
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Dan “Shitty Deal” Starks’ More “Shitty Deals” were Cited in FHFA Complaint
Remember this colorful exchange between Senator Carl Levin (D-MI) and Dan Starks of Goldman Sachs, who described in an internal e-mail that the securities Goldman sold...
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Markets Take Horrible Jobs Data into Stride, FHFA Sues Banks
The month of August accounted for zero job growth in the USA.(HuffPo) The U.S. economy added no new jobs in August as the unemployment rate stayed steady at 9.1...
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