Monthly Archives: October 2009

Summarizing the 3 Theories on the Too Big to Fail Problem

Download 2009-10-28 Theories on Solving 'Too Big to Fail' – WSJ.com The Mervyn King-George Shultz view: Bust them up. The Paul Volcker view: Separate trading from deposit-taking and loan-making. The Ben Bernanke-Timothy Geithner-Barney Frank view: Stuck with TBTF institutions, the government should make … Continue reading

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Bonds Have Outperformed Stocks in Last Ten Years

NYT: In This 10-Year Race, Bonds Win by a Mile

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Flaunting Contract Law on MBSs

Download 2009-10-14 Treasury's Mortgage Modifications Undermine Contracts – WSJ.com The $1.7 trillion mortgage securitization market is still a mess, despite (or in part because of) the Federal Reserve's $700 billion splurge into the market. But another reason may be Treasury's … Continue reading

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Barney Frank, Predatory Lender – It’s the Govt

Download 2009-10-16 Peter J. Wallison: Barney Frank, Predatory Lender – WSJ.com When the crisis first arose, the left's explanation was that it was caused by corporate greed, primarily on Wall Street, and by deregulation of the financial system during the … Continue reading

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Great Resource for the Wall Street Bound (or want to be WSB)

Breaking Into Wall Street Thank you, Jeff.

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David Einhorn Speech at Value Investing Congress: Superb!

Rolfe Winkler Blog: Commentary and Links to pdf of speech Text of Einhorn's speech – Must Read! And I decide holding gold is better than holding cash, especially now, where both earn no yield. The financial reform on the table … Continue reading

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Economic Dashboard

Economic Dashboard

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Bubble Psychology from UBS Research

Download 2009-10-23 UBS Bubble-ology The worst financial crisis in nearly 80 years brought with it a collapse in share, commodity and housing prices and the near breakdown of our global financial and monetary systems. We believe that the creation and … Continue reading

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Insight into Goldman Sachs

FT: Goldman Should be Allowed to Fail A decade ago, when Goldman Sachs was a private partnership, it had $6.5bn in equity and its 220 partners, most of whose money was tied up in the firm until they retired, took … Continue reading

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S&P P/E at 50 year average (19.4)

Shiller P/E Index Price relative to average, inflation-adjusted earnings over the past 10 years.

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