Walking Away

Borrowing from Mish’s Global Economic Trend Analysis blog again, here are a couple articles on walking away from your mortgage.

Borrowers Abandon Mortgages as Prices Drop,
in the Wall Street Journal, by Ruth Simon and Scott Patterson.
“As home prices plummet, growing numbers of borrowers are winding up owing more on their homes than the homes are [...]

$2 Trillion of Petrodollars

This article is from Trader Mark, on his Fund my Mutual Fund blog.
$2 Trillion of Petrodollars Needs a Home This Year
A staggering figure in this article from the UK Telegraph…. “reverse colonization” looks to continue, and this is the type of money that *WILL* put a floor beneath equity market as Sovereign Wealth Funds go [...]

Why Fed lies to Congress

From the Big Picture, Barry Ritholtz on
Why the Fed is Compelled to Lie to Congress
Beginning: “I had an interesting conversation yesterday about Ben Bernanke’s testimony with a person upset over the obvious understatements, spin, and happy talk — even as the Fed Chair quite soberly discussed the US slowdown.
If the Fed were to come [...]

Fallacy of Inflation Targeting

Mish Shedlock writes about the Fallacy of Inflation Targeting.
Ben Bernanke is in favor of inflation targeting at 2% a year. Considering he means prices, he sure is a long ways off, at least as measured by the CPI or PPI.
But let’s assume the Fed could magically meet that target. Inquiring minds might be wondering how [...]

Stagflation

From Econbrowser, James Hamilton asks
Did somebody say stagflation?
Five weeks ago I asked, Will inflation fears restrain the Fed?, and my answer was that they would not. Certainly inflation fears did not prevent the Fed from lowering its target for the fed funds rate by 125 basis points since I offered that assessment. But I believe [...]

Positive Commentary on MRVL

Excerpt from Barron’s Article on MRVL:
Simply Marvell-ous
By Bill Alpert
“SEHAT SUTARDJA, HIS WIFE, and his brother started Marvell Technology Group a decade ago with the crazy idea of entering a semiconductor niche already crowded by two dozen competitors. Big ones, in fact, like Texas Instruments (ticker: TXN), STMicroelectronics (STM) and National Semiconductor (NSM).
“We were engineers, very [...]

A ‘Moral Hazard’ for a Housing Bailout

Here’s an excerpt from article in the NY Times, by Edmund L. Andrews, followed by comments from Mish’s Global Economic Trend Analysis, by Mish Shedlock.

A ‘Moral Hazard’ for a Housing Bailout: Sorting the Victims From Those Who Volunteered
“WASHINGTON — Over the last two decades, few industries have lobbied more ferociously or effectively than banks [...]

A ‘Moral Hazard’

Here’s an excerpt from article in the NY Times, by Edmund L. Andrews, followed by comments from Mish’s Global Economic Trend Analysis, by Mish Shedlock.

A ‘Moral Hazard’ for a Housing Bailout: Sorting the Victims From Those Who Volunteered
“WASHINGTON — Over the last two decades, few industries have lobbied more ferociously or effectively than banks [...]

Don’t give up

It’s been hard to remain optimistic for this market, even though many stocks are now looking priced very low from the perspective of past valuations and future prospects.   Ockham Research had some encouraging words to say in their article, Don’t Give Up on the Stock Market.
As yet another down week for the stock [...]

Don’t give up

It’s been hard to remain optimistic for this market, even though many stocks are now looking priced very low from the perspective of past valuations and future prospects.   Ockham Research had some encouraging words to say in their article, Don’t Give Up on the Stock Market.
As yet another down week for the stock [...]

Ambac Bailout

From Global Economic Trend Analysis, Mish Shedlock’s take on the Ambac bailout.
Ambac Bailout Hopes Excite Bulls
Bloomberg is reporting Ambac Soars on Reports Bailout May Happen Next Week.
Ambac Financial Group Inc., the bond insurer in rescue talks with banks, soared in New York Stock Exchange trading on optimism the company may soon reach an agreement that [...]

Stagflation

Wow, what a end to the day! Maybe fortunately, I lost my internet connection half an hour before the close and couldn’t sell everything uncovered, which was my inclination prior to losing comcast.
Here’s an article on Stagflation and Mark Perry not buying it. Thanks Mark!
1970s Style Stagflation? I Don’t Buy It

The topic of [...]

Medication Under a Microscope

The Washington Post had an important article on drugs and disease which is at least tangentally related to stocks, especially if you’re in a company selling drugs for lowering cholesterol.
Medication Under a Microscope
Studies Raise Questions About Drugs’ Efficacy Against Disease
Excerpts (Lots):
A series of surprising findings about some of the most widely accepted assumptions in medicine [...]

Is it Safe?

This article is written by a long-time friend, David M Gordon, who writes on stocks, the process of investing, and a variety of other subjects at his site, The Deipnosophist, where the science of investing becomes an art of living.
Is it safe?
One reader chides me for purchasing stocks with high PEs, as though successful investing [...]

Is it Safe?

This article is written by a long-time friend, David M Gordon, who writes on stocks, the process of investing, and a variety of other subjects at his site, The Deipnosophist, where the science of investing becomes an art of living.
Is it safe?
One reader chides me for purchasing stocks with high PEs, as though successful investing [...]