There are certain things about google that I truly like. I find their search engine superior to all others I have tried and the google reader automatically sends me news and blogs of interest to one place where I can scan the headlines and the first 3 lines to decide whether to read the full story. [more]
I am still following the news. As an educator I consider schools one of the most dangerous places to work in the event of a serious disease outbreak. Unlike adults, children engage in behaviour that increases the risk and spread of disease and teachers mark their work so we handle papers that kids sneeze on and have their dirty hands all over. [more]
I just added Pension Pulse to my reader. [more]
Big Picture has a post about compensation to financial workers, which because of the bailouts is the same as before the financial crisis began...
I have been following the swine flu story since it broke on Friday. [more]
This has nothing to do with investments, but with twilight, the time between day and night. [more]
Financial Armageddon has linked to a post that shows the difference between operating and as reported earnings. [more]
I have predicted that the US will no longer be a reserve currency and that gold will become the reserve currency.
Well, today I saw a post that seems to be pointing that way...
China has secretly been stocking up on gold.
This topic seems to be in the news today, here is Big Picture on it. [more]
I would have to say Mish has been right on target with his posts, stating what's to come with great foresight. He has a post on commerical real estate that is simply saying what's to come in this area and what's been over looked. [more]
From big picture.
These guys need to be stripped of their ill gotten gains and spend their lives in jail.
I was looking back and I re-read what I wrote in The Glory of Ignorance. I mentioned my beliefs in pensions back then and now we are seeing the pension problems. [more]
Big Picture has copied a post from John Mauldin titled "the Trend May Not Be Your Friend." [more]
Mish did a post on deflation using the commonly used wrong definition of deflation, which he has clarified right at the beginning. [more]
Naked Capitalism has a post with data on recovery time for different types of recessions. Financial crisis and recessions that happen in many economies at the same time have been the worst to recover from.
Looks like we have a global recession with a global financial crisis...
Aren't you glad your tax dollars are being used to bailout ponzi investment schemes?
At least Goldman Sachs is getting more investment money to fund the next round of losses....
Financial Armagaddon linked to a great piece in Barron's that is an interview with William Black, who was a deputy director at the Federal Savings and Loan Insurance. [more]
Somewhere I have predicted that the US will have a decline in birth rate and today I saw an article that I think shows how that plays out, the increased demand for vasectomies. [more]
Micro economics works much better then macro economics in figuring out how much pension money is there, imho. [more]
Mish goes after Krugman about what is savings and what is printing money.
I had Krugman on my reading list, but he gets too many things wrong.
So, second round for the big write offs, first round was mortgages, and banks are overwhelmed by the losses. Mish has a post that to me is showing how this round is playing out a bit differently, using more delay tactics...