I live up north because....
I organized a funding raising car wash yesterday and it started snowing and only one student showed up. Who'd have expected snow in September? Glad only two cars showed up...
Mish has a post where he says we are following Japan's path and has a graph showing a 10 year offset. [more]
I couldn't help but notice that with stock prices down, companies buyback of their own stock is down. Seems the buy backs rewarded the investors who sold the stock.
Big Picture has a great write up on that book, "Dow 36,000."
I could not help but laugh at quite a bit of it.
Mish has linked a report that found people with prime credit rates are more likely to default on a negative equity home then subprime borrowers. [more]
A graph and a name for the graph, Ponzi Finance Indicator, got my attention in Market Ticker this morning.
When I saw it I thought, yeah, the growth of debt is very... ponzi like. I like the way Karl makes his point today.
I really agree with the position that the financial sector got enormous political favortism, in getting deregulation, and then in getting bailed out. Good post at Big Picture. [more]
Mish has a post about how in the last decade incomes have not gone up and it is the first time this has happened in the 4 decades this information has been tracked. [more]
Financial Armageddon let me to The Aleph Blog and good post about stories that should be making the media. As I followed commodities fairly closely, this point got my attention. [more]
Rosenberg via Big Picture has 5 points to warn about with this rally.
I did expect bear rallies through this whole correction process but I did not expect such a spectacular bear rally. I guess the bear rallies bubble too.
Yves has a post about increased competition on solar energy. I actually had a solar underperform that I closed out this week, positive, after going about -200% for a while. [more]