I am reading a Paul Farrell post from about a month ago and the one paragraph got my attention: [more]
I am a great fan of Edward Chancellor and Naked Capitalism linked to a paper by him on sound reason why China is in a bubble. You have to register to read the paper. [more]
I don't like the change. It used to be I could see what the DOW, S&P, etc., did for the day. Where'd they go?
This is the second time I have read about how thin the trading is on this market rally. [more]
The US sure is good at spending health care dollars, but clearly from the graph, the spending is highly ineffective and/or inefficient.
I knew the US wasted money and got poor return for health dollars but I had not realised it was quite that bad.
Kurt Cobb has a very well written post on climate change. [more]
Wages are in so much trouble... [more]
Financial Armageddon has a post with a graph that show how wages follow the employment rate, and currently it indicates that wages have not decline that much for the relative weakness in employment. [more]
This U-Tube on Krugman is too good to not forward.
I am in agreement that the Nobel committee should ask for their prize back.
The current trend in the stock market suggests hearts are healthier now then they were when the market was tanking.
I am reading Financial Armageddon and there is a series of different posts on the mortgage issues. This caught my interest: [more]
Sorry for the title, just a comment in a post I was reading on the valuation of Apple made me laugh: [more]
I found a blog I had not read before which summarized on chasing yield.
This guy's advise was to invest in muni-bonds.
Everywhere I look municipalities are in serious financial trouble so I am not so sure that's where I'd want to be putting my money. And who still trusts ratings?
I remember someone asking me why I used 37.5 hours as a work week in some blog I did and that question was an eye opener to me that while a 37.5 hour work week is common in Canada, a 40 hour work week is more standard in the US. [more]
Demographia came out with their latest affordability survey a while back, but I just got to taking a closer look at.
I was impressed with the introduction. There was the theme about last use and restricting access to building sites causing costs to go up and I recommend giving it a read.
Here's an interesting piece on how second mortgages are essentially worthless, but they are in the way of loan modifications. If second mortgages were written down to the their true value banks would have to raise hundreds of billions of dollars in capital, and they are a key reason that the stress tests on the banks were a complete joke. [more]
This rally makes as much sense to me as the oil and uranium rallies. In other words, they did not make sense and I considered them bubbles just as I consider this latest rally as taking the market into bubble range. [more]
Yves is on this video and she is talking about things in her book. [more]
I know I have been confused about the rosy reports on retail, especially when I know the tax revenues have been way down. [more]