I have remained bearish, although not to the extreme that I was bearish for much of my posting over the past year. [more]
One of my favorite players on here brought up annuities today and then what should happen? I read a bit about them in with Mish. [more]
I have Evita on DVD, on my ipod, and for some reason even though I have it set to random, it plays way more then it should, probably about 10 times more then the rest. It suits me fine because I love the songs. [more]
I think what happens to commerical is going to be another big hit for the economyand it's ugly consequences will be fairly big in 2009. [more]
I have mentioned a few times I wonder when people begin to riot. Seems I'm not the only one that has wondered. There's a report about redirecting military for civil unrest and in response to financial issues. [more]
Mish has a doozy of an post, at least I think so. California Public Employees' Retirement System lost 103% of its residential investments because of leverage. [more]
I think looking at Japan's history and demographic and contrasting that with North America is a good exercise. They've had an enormous housing bubble collapse with an aging population. I tend to think Japan is a little more mature in terms of where they are with the aging population, quite possibly because of their longer life. (Off topic, their almost entirely non-smoking population prior to WWII is why they have the longest living population -- and that male smoking peaked at about 80% for some age cohorts after WWII is why life expectancy is declining now. And the female population in Japan remained non-smoking until around the 80s. While I am on the topic, the masters of manipulation, the tobacco industry, used Japan's longevity data for years to cast doubt on smoking and longevity. In the 80s and 90s Japan boasted the longest life expectancy, yet it seemed like many smoked. The old people were predominately born prior to WWII and premature death from smoking is relatively small for people under 60, which was the age of the smoking population. So, Japan in the 80s and 90s is the model country to look at for natural life expectancy.) [more]
I have not been spending as much time looking at the markets latetly, but did notice that Barry over at the Big Picture is now perhaps more bullish then those that were bullish in 2006 when, as he says, he was considered one of the most bearish on wall street. I bring up his weekend interview which shows some bullishness to contrast with Mish, who is still on the bear wagon. Don't get me wrong, Barry isn't all out bullish, but that is how the story featured him. [more]
Anyone that has followed my blog knows that I live in a tiny native community with about 600 people. One of the things that is critically important for our students is that we try to arrange opportunities for them outside of the community. Things that we take for granted that young people learn doesn't necessarily happen in a small community. [more]
Excellent summary of foreclosure data on CR.
I found the prime mortgage deliquency rate amazing...
Looks like Harvard's endowment fund has lost $8 billion...
Looks like another way young people are going to be hard hit...
This was an interesting piece about how U of T has said they won't be funding any projects next year because of their investment losses. [more]
I was saddened to read that Tanta at Calculated Risk has passed away.
One of the things that showed up on the blog was her mortgage pig and it looks like they are proceeding with an effort to raise money for cancer.
I feel sad, she was such a brilliant analyst and I enjoyed her posts very much.