Why the Federal Reserve Bank Must Maintain Its Independence [View article]
Go here to see links and commentary, including a brilliant paper by economist John Taylor, of why the Federal Reserve caused the crash last September. I'm not talking about the underlying reasons for the housing bubble, but the actual crash, was inadvertently caused by the US Fed and Treasury.
Interpreters of Data Should Exercise Care to Get Facts Right [View article]
Good article. Mauldin, a permabear, is indeed a censor. I disagree with this author's conclusion that Lehman allowed to fail was the cause (rather than an effect) of this credit crunch. Superheated water will boil at the slightest provocation. Mauldin also data mines--his latest missive about how bonds outperform stocks over certain time periods ignores the fact that outside these time periods stocks crush bonds. But Mauldin is free, as is this site, so you can't complain too much.
Well there you go JasonC. Your analysis below points to one of two possibilities.
First, Mr. Market is way wrong, everything you've seen in C's price is completely irrational, and C has no need for TARP or any other kind of bailout.
Second, your memo is wrong. Go back and refigure your figures, Junior. "Never trust a memo".
RL
On Nov 21 04:18 PM JasonC wrote: > > Frankly, they could instead restore the magical tangible book everyone > worries about by buying in their own debts at 75 cents on the dollar, > out of free cash. Or their stock, come to that. All of it, in about > 6 weeks. > > When a company could take itself private without exterior financing > and fairly be worth 11 figures after doing so, Mr. Market's brains > have left the building.
Why the Federal Reserve Bank Must Maintain Its Independence [View article]
raylopez99.blogspot.co...
Five Reasons the Market Could Crash This Fall [View article]
Interpreters of Data Should Exercise Care to Get Facts Right [View article]
How Bailouts Are Messing with Capitalism [View article]
Citigroup: The End Draws Near [View article]
First, Mr. Market is way wrong, everything you've seen in C's price is completely irrational, and C has no need for TARP or any other kind of bailout.
Second, your memo is wrong. Go back and refigure your figures, Junior. "Never trust a memo".
RL
On Nov 21 04:18 PM JasonC wrote:
>
> Frankly, they could instead restore the magical tangible book everyone
> worries about by buying in their own debts at 75 cents on the dollar,
> out of free cash. Or their stock, come to that. All of it, in about
> 6 weeks.
>
> When a company could take itself private without exterior financing
> and fairly be worth 11 figures after doing so, Mr. Market's brains
> have left the building.