Archive for July, 2009:

Deutsche Bank’s Ackermann Forecasts Trouble Ahead

{ Posted on Jul 31 2009 by Ockham Research Staff }
Categories : All, Ockham
On Tuesday, we wrote about Deutsche Bank’s (DB) earnings release which signaled the bank was protecting itself against further difficulty ahead (A Cautious Tone for Deutsche Bank).  The bank worried investors by devoting a great more resources to loan loss ...Read More »

Antitrust Cops Might Want To Keep An Eye On Anna Wintour

{ Posted on Jul 31 2009 by Erin Geiger Smith }
Categories : All, Clusterstock
Head antitrust cop Christine Varney may need to focus on the fashion police.  The leaders of the fashion industry met for a "town hall" meeting Tuesday morning to discuss whether the everything-available-this-instant world has made Fashion Week - the world's poshest ...Read More »

Rough Night Riding The Bull Market

{ Posted on Jul 31 2009 by John Carney }
Categories : All, Clusterstock
A DealBreaker reader snapped this picture this morning. We hope this kid is okay. Join the conversation about this story » Read More »

Is Andy Xie A Mouthpiece For The Chinese Goverment?

{ Posted on Jul 31 2009 by John Carney }
Categories : All, Clusterstock
Officially, the People's Bank of China says it won't comment on the prediction by the former Morgan Stanley chief Asian economist that China will cut new loans in half. But we can't be the only ones who suspect Andy Xie's ...Read More »

Rule #7: Watch Your Progress – But Make It Fun.

{ Posted on Jul 31 2009 by Trent }
A reader asked me if I could break down my ideas into a handful of principles. After some careful thought, I came up with a list of fourteen basic “rules” that summarize my money and life philosophy. I’ll ...Read More »

Recently at Reason.tv: Matt Ridley on Evolution, Economics, & “Ideas Having Sex”—The best-selling author discusses whether human progress has a future.

{ Posted on Jul 31 2009 by Reason Magazine - Topics > Economics }
Matt Ridley, an Oxford-educated zoologist, turned to journalism in 1983 when he got a job as The Economist's science reporter. He soon became the magazine's Washington correspondent and eventually served as its American editor. Ridley has written several acclaimed ...Read More »

Is High-Frequency Trading Killing His Profits?

{ Posted on Jul 31 2009 by Joe Weisenthal }
Categories : All, Clusterstock
James Simons, the head of worlds-greatest-hedge-fund Rennaissance Technologies, admitted earlier this year that his results were horrible, after years and years of outperformance. He even sent out an apology letter. Simons blamed the surprise, post-March, high-volatility rally (a rally that crushed ...Read More »

AIG Is Even Worse Off Than You Think

{ Posted on Jul 31 2009 by John Carney }
Categories : All, Clusterstock
Remember the fairy tale about AIG being an otherwise healthy insurance company that just got a little crazy selling credit default swaps? Well, it's time to put that one to rest. The New York Times has reviewed state regulatory filings and ...Read More »

Q2 GDP: -1%

{ Posted on Jul 31 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Analysts were looking for 1.5%, so this beats expectations. But last quarter's -5.5% has been revised down to -6.4%. That's a bad sign -- we want to see upward revisions. This is, of course, just the first Q2 reading and we've ...Read More »

TARP Wife: NYC Economy Needs Fat Bonuses

{ Posted on Jul 31 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Hey, look who decided to use her real name to write a column for which she'll be absolutely shellacked. It's Liz Peek, wife of CIT (CIT) CEO Jeff Peek, who was also Portfolio.com's TARP Wife. This time she's taken to HuffPo ...Read More »