Category Archives: remainders

Why H-P’s Stock Is Stuck: "Itßøßøs a well-run, slow growing giant of a company" The New Peak Oil: Peak Demand Chicago Overturns Foie Gras Ban Is "the X-word" Dead? First it was XFRML. Then it was XBRL. Now it’s ID, … Continue reading →

The Discord in Similarity: John Thain is doing a better job than Vikram Pandit. Of Hedges, Hot Dish, and Hogwash: The Ben Stein Watch to end all Ben Stein Watches. Australian Bank Acquires Rival for $17.5 Billion: Apparently there’s a … Continue reading →

Libor Set for Overhaul as Credibility Is Doubted Investors Cool to HPQ-EDS Deal: "HPQ has lost more market cap over the past 24 hours than the total purchase price of EDS." AT&T price cut could juice iPhone sales: Or, for … Continue reading →

Calling oil wrong: Futures prices bear no relation to future prices. Let’s not write the Fed a blank check: Why not? Isn’t that precisely what a central bank should have? So much for the efficient markets hypothesis: Bad results, rising … Continue reading →

Vikram Pandit, Citigroup’s Chess Master: Has shunted Alberto Verme all the way off to Dubai. Repo home tours: Should you jump in? Auto Erotic: Dan Neil on the Bugatti Veyron.

Raiders of the Lost Arc Elasticity, Part I, Part II, Part III: Robert Jensen finds the elusive Giffen good, with important results. "When we subsidized the price of rice and wheat, people consumed less of them, not more. And in … Continue reading →

Spreads and paradoxical liquidity: More from Steve Waldman. Pain and inequality: "The average pain rating is twice as high for those in households with annual incomes below $30,000 as for those in households with incomes above $100,000." Tropicana files for … Continue reading →

TAF: Below Discount Rate Mannered Results: How have Eddie Lampert’s non-Sears investments done over the past year? How the Housing Bust Is Boosting Newspapers: ‘Foreclosure notices are filling in where condo sales and auto deals once held sway. "There are … Continue reading →

What are corporate bonds worth in a recession? Possibly substantially more than they’re trading at now. Translating Corporate Speak: Wynn [Unforeseen Upside Edition #2]: Steve Wynn shows how stock buybacks should be done. The official word on whether capital gains … Continue reading →

Pricing power: signal versus noise Greenspan Goes for "Pale Recession" Googlewhack: "WTF is a "pale recession"? It sounds like a Clint Eastwood flick crossed with a Nabokov novel." Hillary Clinton Doesn’t Listen to Economists: ‘When asked this morning by ABC … Continue reading →

Cable’s paper: Will Cablevision buy Newsday? Maybe: "They haven’t been able to agree with their board on more than one offer to take their company private; it’s almost as if they hope that a newspaper would be dead weight sufficient … Continue reading →

Posting’s going to be light today, when I resurface on Monday I’ll be blogging from Berlin. Earlier posts for you! But in the mean time: The New Value of Value Consciousness: For the first time in many years, everybody’s starting … Continue reading →

Sovereign wealth fund pushes back against EU regulation Is Personal Consumption Really Up? No Uptick Rule: Convenient Scapegoat? Related: A New Wave of Vilifying Short Sellers For the record: stupidest moment in policy ever? I find it hard to believe … Continue reading →

Deutsche Bank planning major capital increase: It could be as much as $27 billion. I’ll say that’s major. California & Co. Bids to Become Newest Bond Insurer: When states insure states. Mars-Wrigley? Buffett’s Sweet Deal: How "Warren Buffett sees a … Continue reading →

Economics is funny: Cowen vs Rodrik. Related: Summers. Recession? It Doesn’t Add Up: "When the government prints its estimate of first-quarter GDP next Wednesday, it’s highly unlikely the number will be negative… with the government’s tax rebate checks getting into … Continue reading →

MyFICO, Myself: Why you shouldn’t worry about your credit score. Damn Latte-Drinking Obama Supporters Merrill Lynch, slackers: Why can’t Merrill wire funds from a 401(k)?

The NYT Discovers High-Priced Textbooks, but Misses Cause Baker responds to the NYT editorial board; so does Krugman. The science of buying a home: "We picked a neighborhood that we liked a lot, we found the house that we liked … Continue reading →

Bondholders Lucky to Get 10 Cents in Looming Defaults R.I.P. Bond Rally, 2005-2008 How Murdoch Cheated ‘WSJ’ Independence Pact Is Wall Street ‘Full of Bull’? Yes, if you’re an individual investor taking sell-side research at face value. More on the … Continue reading →

Global CDO Issuance: CRASH !!! International financial system was close to the brink – Credit Suisse ex-CEO Weighing a McCain Economist: He looks like "the least fiscally conservative candidate still in the race". The homeownership ideology: "Only an ideologue would … Continue reading →

Bear Raid? Let me tell you about bear raids: "In most cases the raids just aren’t that effective, and, like firing a medieval musket, a bear raid is more a danger to the perpetrator than the target." RBS – bank … Continue reading →

Berkshire Hathaway Annual Meeting Crowdsourcing Experiment: Questions for Buffett and Munger. The Difference Between WordPress and Facebook, As Usual Google Is The King Dog. How Big Is Google? Here’s Another Measure: "As best as I can tell, Google sells more … Continue reading →

O’Neill Says U.S. `Strong Dollar’ Policy Is `Vacuous Notion’ Food prices: How corn ethanol helps cause riots in Haiti and Bangladesh. A Transit Miracle on 34th Street Merrill’s Muppet Moment

Here Comes the Next Mortgage Crisis: Add Mark Gimein to the list of people convinced that prime borrowers will walk away from their homes if they’re underwater. Fannie, Freddie Could Hurt U.S. Credit: S&P makes ominous noises about the USA’s … Continue reading →

John McCain’s gas-tax pander A Recluse Lifts the Veil a Little: Sorkin gets an interview with Stephen Feinberg. Apparently he’s no stickler for fine carpeting. Exxon Mobil investor says: stop wasting our time! The activist investor agitating against activist investors. … Continue reading →

HELOC Nonsense: Tanta on how HELOCs work in the real world. The Muffie Benson-Perella Show: Fox Business invites a fictional character onto their 5pm show. Spiers, Cox Get New Titles For Same Jobs: A first, I’m pretty sure: a reasonably … Continue reading →