Wow, that is some mad feedback on such a short post. Insane!
Quite a few takeaways from all the responses:
• The people have spoken: Full RSS Feeds stay!
• Open threads/linkfests are worth doing more regularly, just so as to give all of the off…
Earlier posts:
The NY Post has an article: I’m walking from my underwater mortgage
I stopped paying my $1,450-a-month mortgage … in September…
Brad DeLong and John Cochrane agree on something. I must dissent.
Delong and Cochrane agree that
“The underlying decline in wealth from the housing bust was … around $400 billion. …”
Indeed, relative to the size of the economy the losses during the…
In this week’s much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the…
Jason Shade submits:
Yucheng Technologies Inc. (YTEC) (3.55), saw its stock price cut in half following its dismal earnings report Friday. The provider of IT services and software solutions to the Chinese banking sector missed on both revenues and earnings per share.
The…
The Everyday Economist submits:
Allan Meltzer had an op-ed in the Wall Street Journal the other day in which he argued that the Fed’s exit strategy will fail. Here is an excerpt:
Federal Reserve Chairman Ben Bernanke has explained his exit strategy to…
David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the University of Pennsylvania, an M.S. in Organizational Dynamics from The School…
There have been 183 bank failures in this cycle (starting in 2007):
| FDIC Bank Failures by Year | 2007 | 3 |
|---|---|
| 2008 | 25 |
| 2009 | 140 |
| 2010 | 15 |
| Total | 183 |
Click on graph for larger image in new window.
The first graph shows bank failures by week in 2008, 2009 and 2010.
The FDIC is off to…
Is it really Good News that changes in Real Private Inventories were 3.4% of that 5.7% Q-on-Q GDP in Q4? (h/t Alea’s Twitter feed)
Most reasonable assumption: firms overproduced, relative to actual buying, in anticipation of the Xmas season.
Maybe more later.
Read…
The Super Bowl — it’s about football and parties and a city rallying together over a unified desire to beat that other city that’s gone football mad.
But, really, it’s about business and the NFL is a big one — one…
