Submitted by David Fiderer, posted originally on the Huffington Post Suspicious Timing Surrounding The "De-risking" of AIG's Toxic Obligations Because everything unraveled so quickly, no one scrutinized Standard & Poor's flip-flop on AIG. On Friday, September 12, 2008, S&P said it would, "continue discussions with the company over the coming weeks regarding liquidity and capital plans.
One daunting aspect of Zero Hedge is the simply explosive mass of content that the site distributes.
Asian shares were higher Thursday, with China's more benign than feared inflation data. Australia job growth surges, unemployment rate falls; Aussie dollar strengthens.
Submitted By Frank Ruscica The Jobs Plan We'd Get If Relevant Innovation Scholars And Growth Economists Weren't Being Volckerized (i.e., Ignored As Volcker Was Until Recently) -- Part 1 The Jobs Plan we'd get would leverage America's advantages to make America the Silicon Valley of the global market for customized education (CE). Understanding why we'd get this plan starts with knowing that popular online markets for CE can be expected to catalyze the creation of many jobs. From a November 6, 2009 article in the Wall Street Journal: "According to the Census Bureau, nearly all net job creation in the U.S
Spreads were tighter in the US as all the indices improved (albeit marginally).
A terrific chart out of the New York Times, demonstrating succinctly the endless abyss that the actual US budget is becoming (ignore the rosy expectations for a surplus - the likelihood that the US can claw its way back out of the hole at this point are slime to none). The attached article by David Leonhardt, America's Sea of Red Ink Was Years In The Making , is also a great read, and shows just how deep the sovereign debt rabbit hole goes.
The old saying about no use crying over spilled soon to be hyperinflated commodity products will not help the thousands of people with formerly anonymous Swiss bank accounts, but will at least provide some closure.
Reading anything by Krugman these days is all about getting an understanding of why drowning in infinite debt within a decade to finance stimulus after stimulus is really a pretty swell thing. Well, today the Nobel-prize winner has decided to go on pro-stimulus hiatus and instead is focusing on providing asset allocation advice. According to Bloomberg , "Nobel Prize-winning economist Paul Krugman said he plans to sell some of his investments in Brazil, Latin America’s biggest economy, on concerns that asset prices are over-valued." “I am seeking to get out because of what’s happening
Submitted by Janet Tavakoli of Tavakoli Structured Finance I Retract My Apology and Call for More Regulation of Goldman Sachs TSF – Opinion Commentary – November 22, 2009 (see also Apology ) According to SIGTARP 1 , both the Federal Reserve and Treasury agreed that an AIG failure posed unacceptable risk to the global financial system and the U.S. economy.
The path for Andrew Cuomo is now clear. From the New York Times: Former Mayor Rudolph W
Sunday, February 14, 2010
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