So here I sit in the DFW airport hanging out with David Berkowitz and Joe Morin waiting for my connection to Austin. What better way to spend that 45 min than to write a helpful blog post? A big part of my “mission” for SXSXi is to create content after all. I have several other [...]
Categories: Online Marketing Tags: Austin, blog, Blogging, Content Marketing, david berkowitz, Joe Morin, liveblogging, Marketing PR Conferences, SXSWi, tips
According to the CFTC data for the week ended Tuesday, net shorts again went to a record high in the euro after last week’s modest drop. Net shorts in the pound fell a touch from last week’s record high. In contrast, net longs in the Canadian $ rose by 60% to the most since Nov [...]
Categories: The Big Picture Tags: CFTC, MacroNotes, week
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House prices across the globe still have room to fall, but the U.S. may be in better shape than other developed nations, according to an International Monetary Fund research article.
Categories: Real Time Economy Tags: Canada, condos in florida, Florida, Germany, house, Japan, Prakash Loungani, Spain, Sweden, U.S.
Your weekend reading assignment is this terrific long form piece by Senator Ted Kaufman, titled Wall Street Reform That Will Prevent The Next Financial Crisis. I do not know anything about him other than to say that he understands the recent crisis and is proposing reasonable fixes. The Senator wants to restore Glass-Steagall, and repeal the Commodity [...]
Categories: The Big Picture Tags: Bailouts, commodity futures modernization, crisis, D.C., Derivatives, Regulation, Senator Ted Kaufman, Wall Street
The Obama administration is considering a Maryland regulator awarded "Consumer Advocate of the Year" and a Massachusetts economics professor known for his Social Security expertise to join Janet Yellen as nominees to the Federal Reserve Board.
Categories: Real Time Economy Tags: Chairman Donald Kohn, Director Peter Orszag, Janet Yellen, Maryland, Massachusetts, Peter Diamond, Raskin, Robert Gibbs, Sarah Bloom, Washington
In 1976, the Federal Reserve established its Consumer Advisory Council at the direction of Congress to advise the central bank on its responsibilities tied to consumer issues. But some members of the council, even as they plan for their next meeting later this month, don't seem to think very highly of the Fed on this front.
Categories: Real Time Economy Tags: Bond Westfield, CAC, CFPA, Chairman Alan Greenspan, Chairman Ben Bernanke, Chairman Christopher Dodd, Chairman Dodd, Chicago, Connecticut, Consumer, DC, E. Williams, Hartford, Illinois, Indiana, John Taylor, Justice Pathstone, K. Chamberlin, Kathleen Engel Professor, Ken Harney, Kirsten E. Keefe Staff, L. Phillips, M. Bush, Maine, NEDAP, New Jersey, New York, North Carolina, NY, Rand Executive, Robert Zdenek Consultant, Rochester, Russell Building, Thomas P. FitzGibbon, Van Tol, Washington
Former Federal Reserve Vice Chairman Alan Blinder said Friday he fears Congress will fail to act to revamp the financial regulatory system, calling it a "tragedy."
Categories: Real Time Economy Tags: Bob Corker, Chairman Alan Blinder, Chairman Christopher Dodd, Congress, Conn., financial regulatory system
In the early days pre-meltdown, there were a handful of skeptics pointing to problems at firms like AIG, Fannie Mae, Bear Stearns and most especially Lehman Brothers. It was not the media or the analyst community that identified the frauds, but the short sellers. In this sad tale of criminality and corruption, the shorts were the [...]
Categories: The Big Picture Tags: Anton Valukas, Bailouts, Barry Ritholtz, Charlie, Charlie Gasparino, David Einhorn, Dick, Dick Fuld, Financial Press, Legal, Lehman, Mr. Einhorn
BLOOMBERG TV: Brad Hintz, an analyst at Sanford C. Bernstein & Co., talks with Bloomberg’s Erik Schatzker about a report on the failure of Lehman Brothers Holdings Inc., which concluded the company used off-balance-sheet transactions to understate its leverage in late 2007 and 2008, deceiving shareholders about its ability to withstand losses. On whether Dick [...]
Categories: The Big Picture Tags: balance, Brad Hintz, C. Bernstein, Dick, Dick Fuld, Erik Schatzker, lehman brothers holdings inc, Video, Wall Street