It seems to me that many levels of government around the world have gotten themselves into debt problems that are going to hurt investors. Mish has a post on Spain, which he says makes Greece looking small. [more]
I liked Barry's post on how earning expectations by analysts are "gaming" the system. [more]
Canadian banks are raising mortgage rates, about 1% over the past month, even though the Bank of Canada rate has remained constant. [more]
Once again the war sirens went off. They sure did scare me the first time they went off as I did not know what they were and, well, they are the same sirens you hear in war movies when bombers are coming in. This time I knew what they were for so I got dressed as fast as I could and headed to the river hoping to see it break up. Unfortunately it broke up sometime during the night and there was just the ice overflowing the banks to see. [more]
This post by Caroline Baum got me going. She views that people not paying their mortgage and then having more money to spend in the economy a net zero because someone else is not getting paid. [more]
It has been about three and half years since I first learned the word "derivatives" as applied to financial markets. At the time when I asked around no one I knew had heard of them or had any idea as to what they were and searches on the internet on them yield few results. [more]
I have been reading James Lovelock's latest book. He has what I found an interesting analogy on anedotical evidence versus scientific evidence and uses the example of autism. Some parents have noticed autism symptoms after vaccination on the anedotical side, which is then amplified by the media, yet the science side has found no link. We tend to believe anedotical evidence as usually to do so when it is wrong usually does not cause harm, where as not believing when there is a connection can take you out of the gene pool, so evolution favors the belief in anedotical evidence. [more]
I have been shopping this weekend and talk about crowded. People sure don't look like they are slowing down on the spending around here. [more]
I am glad to see people well informed and researched on this topic. Sheehan's blog gives some good questions to put to Greenspan for this inquiry. I hope his points get brought up and the commission is well versed on it. I'd love to see a outcome like what I had with my own personal experience with speaking to a commission. [more]
Mish has a post on the housing bubble in China. What struck me about China is the land isn't owned or free title, more like it is leased. [more]
There is nothing else to say about this.
Too bad Born suffered deflamation of character due to people like Greenspan.
I just got a few books, thanks for the recommendations... [more]