Monthly Archives: November 2009

Thomas Sowell on the Credit Crisis Culprit: The U.S. Gov’t

Sowell is an economist.  Well-reasoned and researched.  Thought provoking series of articles running now in the Investor's Business Daily. IBD: Housing Bust  IBD: How Little Law From '70s Brought The Financial System To Its Knees IBD: Thomas Sowell: How Fannie … Continue reading

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Cornelius Vanderbilt and Warren Buffett

Great read for Vanderbilt fans.  Also exciting short squeeze story.  And of course, Buffett. Download 2009-11-7 Men of Steel – WSJ.com Nineteenth century railroads largely created the modern corporate economy. Led by Vanderbilt, they landscaped the playing field that Mr. … Continue reading

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John Mauldin on the Unintended Consequences of Fed I-rate Policy

Download 2009-11-20 Interest Rates, Yield Curve Look at the graph of the yield curve below. It is as steep as we have seen it in a long time. But that is almost the point. Banks are essentially getting free money. … Continue reading

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Confirmation Bias and How to Overcome It

Download 2009-11-14 How to Ignore the Yes-Man in Your Head When Investing – WSJ.com Video on Confirmation Bias In short, your own mind acts like a compulsive yes-man who echoes whatever you want to believe. Psychologists call this mental gremlin … Continue reading

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It’s not Just Interest Rates – It’s Collateral — Must Read, Folks

Download 2009-11-3 Crisis Compels Economists To Reach for New Paradigm – WSJ.com The result was a new orthodoxy, known as "rational expectations," that still dominates, underpinning everything from the way pension funds invest to how financial analysts put values on … Continue reading

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Options Volume on Pace for Record

Download 2009-11-10 Options Trading on Pace for Record – WSJ.com

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Why It’s The Government’s Fault

Download 2009-11-6 Charles Gasparino: Three Decades of Subsidized Risk – WSJ.com "They're always there waiting to hand out free money," he said. "They just throw money at the problem every time Wall Street gets in trouble. It starts out when … Continue reading

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Einhorn Wants to Ban CDSs

FT: When Einhorn turns his back on CDSs it's time to listen When one of the world's most renowned hedge fund investors turns 180 degrees on a key financial instrument that has been centre stage throughout the financial crisis, it … Continue reading

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Why Buffett Is in Railroads

Baseline Scenario Blog: Buffett and the G20 Buffett’s big investment in railroads looks like a shrewd way to bet on growth in emerging markets – which is where most incremental demand for US raw materials and grain comes from.  It’s also a polite … Continue reading

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Put the 10.2% Into Perspective – It’s worse than you think

NYT Interactive on Unemployment

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