UPDATE HERE: DUBAI AS COMMERCIAL RE CANARY IN THE COAL MINE Dubai’s sovereign debt is the disaster du jour, Europe already took a 3% hit yesterday while we were ODing on tryptophan and cranberry relish. We’re looking at a down 200+ open on the Dow as of this post (8am). I’m still getting acquainted with…
Reuters
Meriwether: 3 Times a Charm?
My pal Trader Mark posted the news that John Meriwether, aka the Master of Disaster, is launching a new investment vehicle. I’ll link over to that story in a moment, but if his name doesn’t ring a bell, Meriwether was the genius behind Long-Term Capital Management, a hedge fund with so much leverage and derivative exposure, it almost crushed…
I Have a Dream…About Financial Media
Much has been made recently about the distinction between financial bloggers and mainstream media journalists and whether or not there should even be one. I hope that one day, we are all judged by the quality of our insight and integrity, rather than by our majors in college. With the deepest respect for the words…
Hot Links: Jim Chanos, Steven Seagal & the Zombie ETFs
Stuff I’m Reading this Morning… Abnormal Returns covers the concept of Zombie ETFs…a new development for this industry. (AbnormalReturns) Ain’t no party like a RothCap party ’cause a RothCap party don’t stop. (NYP) Not all bailout CEOs are created equal: Benmosche (AIG) vs Pandit (Citi). (BreakoutPerformance) The league tables for inflation rates throughout history…cool. (InfectiousGreed)…
Hot Links: Ugly Dolls, Trillionaires & The Plant That Eats Rats
Stuff I’m Reading this Morning… The LOLFed kids require that you pay them only in stacks of Zimbabwe Dollars. (LOLFed) Felix Salmon on who’s winning between the New York Times and the Wall Street Journal…in his vestibule. (Reuters) One of the coolest small business stories I’ve heard in awhile: How Ugly Doll became a company. …
Hot Links: Blodget & Spitzer Sittin' in a Tree
Stuff I’m Reading this Morning… Not just tent cities anymore, more like a Tent Metropolis in Nashville, TN. (WSJ) The SEC kids were dropping off resumes after auditing Bernie Madoff. Nice. (NYP) Felix Salmon saw the Scariest Billboard of the Day in NYC yesterday. (Reuters) My favorite read of the week: Lunch and a discussion…
Squashing the Goldman Beef
You can always tell when you’re talking to someone who at one point in their career worked at Goldman Sachs. How? Simple. Within the first 5 minutes or so, they will begin a sentence with the phrase “When I was at Goldman,”. This is the real world equivalent of Anchorman‘s Ron Burgundy telling a girl…
Hot Links: Ben Stein, The Link Economy & Johnny Appleseed
Hot Links for Weekend Reading… JPMorgan updates it’s outlook and strategy for stocks, oil, bonds and currencies. (PragCap) I don’t know what the better aspect of this link is, Ben Stein‘s being fired by the NYT or Equity Private‘s writing, which is brilliant. Click either way and read the post. (Dealbreaker) Blogger Felix Salmon breaks…
Breakfast Links: Housing Bottoms, Car Wars & Pigs in the Hamptons
Stuff I’m Reading this Morning… Major firm strategists move around their year-end S&P 500 targets, as if anyone cares what they think anymore. (BIG) I agree with this one, farewell Geneva asset management biz…do some actual work. (Minyanville) Bank failures accelerating. (TBP) Ezra Klein on the new Menu Labeling trend. (WaPo) Henry Blodget explains the…
Breakfast Links: Ben Stein, Rock Radio & Intern Eating Contests
Stuff I’m Reading This Morning… Felix Salmon calls Ben Stein a predator, or a shill for a predator…tomato, tomaato. (Reuters) Goldman announces it’s acquisition of the Treasury Dep’t…LOL! (Andy Borowitz) Jamie Dimon on a CIT Bankruptcy: “Whatever, dog.” (DealBook) It’s Summertime! So let the intern eating contests begin on The Street! (Dealbreaker) Is the “Equity-Merchant…
