Wednesday, December 31, 2008

"If the BDI fails to rally in 2009, be skeptical of any rally in stocks."

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An excellent post on VIX And More : " Watch the Baltic Dry Index in 2009 In 2009 investors will be scanning the globe for signs of ...

"In the meantime, the United States must be seen to be a source for conflict resolution not escalation – starting now with Gaza."

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Two posts on Gaza from the Guardian. I'll let them do my speaking for me : " David Grossman The Guardian, ...

"As shown, the 10-Year Treasury Note is up a whopping 21% this year, prompting the majority of market participants to call it the next bubble."

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A couple of year end posts from Bespoke : " Dow Jones Worst Years: 1900 - 2008 It looks like it is going to come down to a ph...

"Mortar shells slammed into a busy market in Mogadishu, the capital, on Tuesday"

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From the NY Times, a bad omen : " Somalia: 10 Die in Market Attack By THE ASSOCIATED PRESS Published: December 30, 2008 M...

The Band - The Weight from The Last Waltz (1978)

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This seems a good choice for the end of the year:

"it is safe to lend to them at low rates … no matter how leveraged they are or how many risky bets they are making"

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From Brad Setser: "By bsetser Tyler Cowen argues that the “ Committee to Save the World ” made a mistake in 1998 by...

Chris Smither - "Leave the Light On"

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Here's a coda for me for this year:

"However, we don´t know that more than five million Congolese have died as a result of the war since 1998."

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From Stop The War In North Kivu : "Ignorance of African wars by Western public opinion and Western media has been a questioning ...

The Place Of Government Guarantees In Avoiding Bank And Calling Runs

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I want to briefly talk about the causes of this crisis before the silly explanations like lack of regulations and complex investments win da...

Bruce Cockburn - Pacing The Cage

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One of my favorite songs: Sunset is an angel weeping Holding out a bloody sword No matter how I squint I cannot Make out what it's...

"Saudi Arabia's foreign minister on Wednesday blamed Palestinian divisions for Israel's onslaught on Gaza"

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This is interesting. From the NY Times : " Saudi FM Criticizes Palestinians By THE ASSOCIATED PRESS Filed at 11:33 a.m. E...
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"The company also warned that the downgrades could erode confidence in Financial Products"

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Here's the final part to the Washington Post story on AIG : "Downgrades And Downfall How could a single unit of AIG cause the giant...

"Mortgage applications in the U.S. last week reached a five-year high as borrowing costs slid. "

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Interesting news from Bloomberg:"By Shobhana Chandra ...
Tuesday, December 30, 2008

“We’re dealing with something that is really historic and we haven’t had a playbook,” he said: WE CAN AGREE THAT YOU HAVEN'T HAD A PLAYBOOK

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When I read this post in the FT, I thought it was some kind of joke because it was so short. However, Yves Smith manages to make something o...