Stuff I’m Reading this Morning… Spanish Banks may be hiding their losses, what this means for world markets. (Bronte) The StockTwits guys teasing the boss. Funny. (HowardLindzon) Sick! Step 1 – add $8 billion in debt to Tribune, Step 2 – steer into bankruptcy, Step 3 – pay bonuses. (DealBook) Red miniskirts, white jackboots and…
China Then and Now from Fast Company
We’ve been discussing China a lot this week, so I figured I’d cap off the weekend with an infograph from Fast Company that paints a great picture detailing how much has changed over the last 60 years of the country’s existence (in its current form). The graph is in two pieces here, whatever. and then…
The Rings Around Saturn
The Different Kind of Car Company never had a shot given its hereditary defects. Godspeed Saturn. Source: Cagle.com
Hot Links: Deflation, Brazil & Too-Big-To-Fail Whales
More Hot Links for Weekend Reading… Pay Attention: Joseph Stiglitz and others see deflation and Bernanke keeping rates down to fight it. (Bloomberg) Mortgages for sports stadium season tickets…why not, at this point? (MarketFolly) “An Unmitigated Disaster” – Denninger on the real unemployment numbers. (MarketTicker) A look at Brazilian stocks after the Olympic bid victory…
Top 10 Job Openings for October
Having wiped this week’s excremental non-farm payroll data from our hair and car windshields, I would say it’s time we began to focus on which sectors and industries are actually hiring. In a highly unscientific study, I’ve come up with what I believe to be the Top 10 Job Openings for October 2009: 10. Virtually…
Stimulus Was Meaningless For Jobs
The good professor has brought back an old chart that Obama’s econ team used to justify the stimulus package earlier this year and annotated it (in red) to illustrate how far the reality deviated from the projections. From Greg Mankiw’s Blog: When the Obama stimulus plan was proposed, the president’s economic team put out a…
China: We Drink Your Milkshake
China’s still at it. Attempting to suck up every ounce of crude oil on a global basis, they are not unlike the Daniel Plainview character from There Will Be Blood, an oil magnate to whom you either leased your land or you watched as he drained the oil from it horizontally, right out from under…
Hot Links: Madoff Madness & the King of the Pipelines
Hot Links for Weekend Reading… Trouble coming for the rest of the Madoffs, $199 million worth. (USAToday) Speaking of Madoff, here’s regulatory reform expert Bill Singer on the continuing deficiency of oversight. (BrokeAndBroker) All hail REX, the King of Pipelines – bringing stimulus to a town near you. (WSJ) NYU: “What Recession?” (NYP) The death…
Media: Talking Bonuses on France 2 TV
Here’s a little something I did for mes amis at France 2 Television about the banker bonus issue during the G-20 Summit. [youtube=http://www.youtube.com/watch?v=Rev_X_q_m-0] Bonne fin de semaine!
YOU ARE NOT READY
[youtube=http://www.youtube.com/watch?v=eZxBYItj2sM&feature=player_embedded] If today’s jobs report has you in the apocalyptic mood, allow me to put a visual to your state of mind. The footage above is from the upcoming film 2012. The effects in this preview may be the best I’ve ever seen as far as disaster flicks go. I predict that this will be…
